Reply from hcmconsultant on May 14 at 6:43 AM Hi Niranjan Ghosh,
You were asked to "Pl try to edit wage type /402, in processing class 6 (wage type from old
account) select 1 (wage type will be taken from previous payroll)." for HRA to be exempted.
Did you try and is your issue resolved?
Kindly let me know.
Awaiting for your reply.
| | | ---------------Original Message---------------
From: Niranjan Ghosh
Sent: Friday, March 30, 2012 10:10 AM
Subject: HRA Exemption is Not Showing Properly in form 16
Dear All,
I have gone through several post but not able to find solution for my issue. So, kindly request you all to help me on this as its very urgent.
Mid of the finance year employer payroll area was chaged however, there is not change in his salary. We maintained a single line value in IT581 HRA exemption for a complete financial year. ( i.e 01.04.2011 to 31.03.2012) ( Rented accomadation)
Now when I am checking the form 16 its not giving the proper HRA Exemption.
I checked the payroll logg INHRA and found that the HRA is accumulating only for recent 6 years that is the date the Payroll area was changed.
I run the payroll with forced retro but still it's accumulating only for last 6 months.
One more thing i have checked the RT table for first 6 months that is before change in payroll area and the WT /4E4 ( anual HRA Exemption) value is not there
Please let me know where did it went wrong. Below is the Payroll Log for INHRA
BEGDA ENDDA ACC BASIS ELIGI RENT DIFF
01032012 31032012 1 3,593.00 1,797.00 4,000.00 0.00
Finding the Rent for HRA/CLA/COA in the Financial year and the no. of days for HRA/CLA/COA in coming months
BEGDA ENDDA ACC RENTFY TOTMONS
01042011 31032012 1 48,000.00 1.20000E+01
Finding the annual basis
Elig (Annual) = Elig(YTD) + Elig (Curr Mon) + Proj Months * Latest Value
Basis (Annual) = Basis(YTD) + Basis (Curr Mon) + Proj Months * Latest Value
Non Metro HRA Elig
10,782.00 = 8,985.00 + 1,797.00 + 0.00E+00 * 1,797.00
Non Metro HRA Basis
21,558.00 = 17,965.00 + 3,593.00 + 0.00 + 0.00E+00 * 3,593.00
Find the annual payments and add to the CLA/COA basis to get Total Basis for the year.
Basis = Basis + { /134(CRT) + /134(RT) - /133(RT)} / Total No of Months * CLA/COA Months
Finding HRA Exemption for METRO and NON-METRO
Non-Metro HRA Exemption is 0.00
the minimum of the following three
8,623.20 = 40.00 * 21,558.00 / 100.00
10,782.00
45,844.20 = 48,000.00 - { 10.00 * 21,558.00 / 10,782.00
Finding Perk value for CLA/COA
Total HRA Exemption = 8,623.20
Regards,
Niranjan Ghosh |
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