[sap-hr] Exemption is not calculating next month payroll
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 | Posted by sandeepdabral (saphcm) on Apr 3 at 11:24 AM |
Dear Gurus,
I am facing one problem.i created the two wage type for same component one is for tax and another one is for without tax these are the anual salary component.Now i paid the salary with those component i am also adding those component in my gross salary in next month in form 16 my exemption component is not reflcing becoz of that my Tax is calculated wrong .
01.06.2009-30.06.2009
Basic-92700
HRA-64890
Performace-118500
Personal-50000
Extra amount(without tax)-50552
Extra amount with tax.-100948
deduction
PF-11124
INCOME tax-102467
Form 16-Summarry
Gross Salary- 3971600
Exemption U/S 10- 50552
Balance- 3921048
Incm under Hd Salary- 3921048
Gross Tot Income- 3921048
Agg of Chapter VI- 100000
Total Income- 3821050
Tax on total Income- 1051315
Tax payable and surcharg-1191140
Tax deduction so far- 166468
Income Tax- 102467
this month is fine but in next month 01.07.2009 to 31.07.2009 my tax is not calculation correctlly
Basic-92700
HRA-64890
Performace-118500
Personal-50000
deduction
PF-11124
INCOME tax-104376(wrong) it should be 102467
Form 16-Summarry
Gross Salary- 3971600
Balance- 3971600
Incm under Hd Salary- 3971600
Gross Tot Income- 3971600
Agg of Chapter VI- 100000
Total Income- 3871600
Tax on total Income- 1066480
Tax payable and surcharg-1208322
Tax deduction so far- 268395
Income Tax- 104376
The problem is here in form 16 my previous month exeption amount 50552 is not coming in next month form 16 .
Kindly help me it very urg.
Regards
Sandeep
__.____._ I am facing one problem.i created the two wage type for same component one is for tax and another one is for without tax these are the anual salary component.Now i paid the salary with those component i am also adding those component in my gross salary in next month in form 16 my exemption component is not reflcing becoz of that my Tax is calculated wrong .
01.06.2009-30.06.2009
Basic-92700
HRA-64890
Performace-118500
Personal-50000
Extra amount(without tax)-50552
Extra amount with tax.-100948
deduction
PF-11124
INCOME tax-102467
Form 16-Summarry
Gross Salary- 3971600
Exemption U/S 10- 50552
Balance- 3921048
Incm under Hd Salary- 3921048
Gross Tot Income- 3921048
Agg of Chapter VI- 100000
Total Income- 3821050
Tax on total Income- 1051315
Tax payable and surcharg-1191140
Tax deduction so far- 166468
Income Tax- 102467
this month is fine but in next month 01.07.2009 to 31.07.2009 my tax is not calculation correctlly
Basic-92700
HRA-64890
Performace-118500
Personal-50000
deduction
PF-11124
INCOME tax-104376(wrong) it should be 102467
Form 16-Summarry
Gross Salary- 3971600
Balance- 3971600
Incm under Hd Salary- 3971600
Gross Tot Income- 3971600
Agg of Chapter VI- 100000
Total Income- 3871600
Tax on total Income- 1066480
Tax payable and surcharg-1208322
Tax deduction so far- 268395
Income Tax- 104376
The problem is here in form 16 my previous month exeption amount 50552 is not coming in next month form 16 .
Kindly help me it very urg.
Regards
Sandeep
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