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Former Member

LIC Deductions to be added in Chapter 6

Hello Experts ,

Need your help for a new requirement again !!

i am not sure whether my requirement is weird but , want to know whether it is possible

There are few employees from whose salary a LIC deduction is made and the client wants the the LIC deduction W.T to be automatically be covered under chapter 6 exemption. and all statutory configurations should be working as if it was saved in IT 586 .

Hope i am clear with my requirements , experts ?

kindly give me your valuable advise .

Thanks

Arun

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1 Answer

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    Former Member
    May 13, 2014 at 11:07 AM

    Hi Arun,

    It should automatically cover.. Just mention the LIC amount in IT0586 under Proposed Investment first & finally go for simulation...

    Chapter 6 should be displayed with respective amount ....

    After checking you can enter the amount under Actual Investment & finally click on "Consider Actual investment for Tax Rebate"... finally check the output,,,

    Regards,

    Veeram

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    • Former Member Former Member

      Hi Veeram ,

      Thank you for your suggestion.

      I shall give it a try at ABAP section and see .

      Thank u once again for your consistent follow up for my issue ..

      Regards

      Arun