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One time tax deductions not considering New slab rates

sivapaluri
Explorer
0 Kudos

Hi Experts,

I have an requirement i.e. we have implemented one time tax deduction using INBTD function, I have no issue with old tax slabs. I have selected IT0588 subtype 8 (new regime). Now issue begins, One time tax considering old slabs but not new regime tax slab rates.

For Example: For X employee falls under 750000 slab 80000 bonus paid so he falls under under 1000000 slab which should deduct 15% but its considering old slab rate 20%.

Accepted Solutions (1)

Accepted Solutions (1)

SaiKrishna2024
Active Participant

Dear Siva,

SAP has released correction note for INBTD function not calculating for New tax regime opted employees, go through it

2922685 - INBTD: Tax Rates for one-time payments determined as per old regime even when employee has chosen new regime

Regards,
Sai Krishna

sivapaluri
Explorer
0 Kudos

Hi Sai Krishna,

Thanks for you response.

Regards,

Siva

Answers (0)