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Consider Conveyance Allowance Taxable & Given EL Encashment Exemption

former_member318082
Participant
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Hi..Experts

1) Some of the employees are using company vehicle for pickup & drop facility in Unit, hence they are not eligible for conveyance exemption.So need to consider as taxable how to configure this.

2) If employee requested for leave encashment exemption u/s 10, kindly advise how to configuration in the system.


Please advise me..


Thanks in advance,


Satish.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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1.Copy existing conveyance WT , this copied WT should be applicable to those who travel with company vehicle for that make necessary changes in table V_511_B.

For this new copied WT , remove entry from table V_T7INT9 table which will be assigned to tax code SCNV for exemption.And also do not make any entry in V_T7INC9 and in IT0583.

2. U/S 10 Conveyance,HRA,Uniform exemptions will come by std.

I am not sure leave encashment exemption will come in section 10 or not.

But on normal basis for leave encashment WT create an custom tax code in V_T7INT7 and assign the same in T9 table with conditions like Annual/Monthly.

regards,

Narendra

former_member318082
Participant
0 Kudos

Hi..Narendar,

Thanks for your valuable reply as per the above configuration changed in the my system requirement is finished. And still leave encashment exemption not solved.

Regards,

Satish.

Former Member
0 Kudos

There is an std tax code SLEV for leave encashment that u need to assign in table V_T7INT9 for your WT.Function INLEA will process and in RT wage type '/4V7' will holds your exemption amount.

Answers (0)