on 04-30-2014 9:04 AM
Hi.
I am new to the functional side of HCM, so please do bear with me.
I have the following issue:-
An employee has a salary of above 1 Cr and there will be a INCOME TAX Surcharge levied on him as per the Indian Govt.
In the PC_PAYRESULTS the Surcharge has been deducted correctly for months before April 2014 but when running the payroll for April 2014 this surcharge is not seen in the RT Table.
Please let me know if this is STANDARD or a solution to the same.
Thanks.
P.S. The client has implemented SAP note 1829618
Hi ,
There is a specific note SAP Note 1994522 delivers the changes related to the Interim Budget for FY 2014 – 2015. With the announcement of Interim Budget 2014, in February 2014, a surcharge of 10% is applicable on taxable income above one crore. This surcharge was applicable only for Financial year 2013 - 2014, however, now it has been extended for current financial year and onwards.
Please implement this note and check........
Bala
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Thank you for replying.
>The hyperlink in your reply is inactive... can u send the link again? I could not find anything online related to SAPNote 1994522.
>Just to be clear, To fix this issue for this year I will have to install this SAPnote 1994522. Also will I need to install the newer SAP notes for the next year as well 2015-2016 if the same issue happens next year?
Thanks.
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