Skip to Content
author's profile photo Former Member
Former Member

PCR for service tax calculation

Dear Experts,

I have a requirement to deduct service tax from basic salary if employee does not serve full notice period in the organization. The requirement is as below in detail:

1. The amount(Y) for shortfall will calculated as: (Basic salary*No. of days of notice period shortfall)/30.

This will give amount(Y) of notice period recovery and can be put in IT15.

2. Apart from this there will be three other types of service taxes applicable:

A) Service Tax payable Basic- This will be calculated as Y/1.14

B) Service Tax Payable K Cess - This will be calculated as Y*0.005

C) Service Tax payable Swach Bharat Cess - This will be calculated as Y*0.005

D) The total of A, B & C will be added and subtract from Y. Result will be say X

These above four A, B, C & D different amounts will be posted to four different G/L accounts in posting.


I want to write a PCR through which I can get amount for all Y, A, B, C & D.


Pls help as my Go-Live is next week and I got this reqt. now from FI department.


Thanks

Megha

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Posted on Sep 29, 2016 at 07:19 AM

    Please confirm using time evaluation or not this can be handled with the help of time schema and we should maintain details notice period end date then accordingly we can place the logic in the system.

    Regards

    Venkatesh

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Sep 29, 2016 at 08:57 AM

    Hi,

    Please create two date types in IT0041 one for start of notice period and one for separation date.

    1. Find out the days between Joining date and start of notice period

    2. Find out the days between Joining date and separation date.


    3. Find the difference between 2 and 1 ( 2-1) and compare that with notice period days

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Sujith E M

      Hi,

      we don't know exact the notice period days, may be these notice period will vary from one level to another. that's why i given option to maintain the Notice period last day in IT 0041 and i am comparing with Employee last working day.

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.