on 09-22-2020 5:42 AM
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%.
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
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