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Difference Between wagetypes

Former Member
0 Kudos

Hi,

I am not able to understand what is difference between /106 -Taxable Earnings and /120 Income-Taxable.

Appreciate if you can throw some light on this.

Regards

KP

Accepted Solutions (1)

Accepted Solutions (1)

dsharmak
Advisor
Advisor
0 Kudos

Hello KP,

/106

This wagetype stores the taxable gross after deduction of all exemptions, other than donations.

/120
This wagetype is used to calculate amounts paid or payable to an employee for services performed.

Salaries
Wages.

Basically, /120 does not  minus the exemptions and all which /106 does.

Best Regards,
Deepak..

Former Member
0 Kudos

Thanks Deepak for Correct Answer

Answers (1)

Answers (1)

0 Kudos

Hello KP,

Which country are you talking about right now?

Best Regards,

Aman

Former Member
0 Kudos

Hey Aman

it is south africa

Thanks

KP