on 05-02-2017 4:06 PM
Dear Experts,
Superannuation Fund excess contribution amount is generating in 9SAN wage type.
While running the Payroll in April 2017, the 9SAN wage type excess SAN amount is recovering from the salary.
Please advice how to stop recovering the excess SAN amount from APRIL 2017.
As per the Superannuation configuration, Employer’s contribution is 15% of Basic Salary = 105000*15%= 15750.
So Total 9SNC/ /3S1 =15750 *12= 189000
ZSALT= SAN Contribution Limit= 150000
9SAN= 189000-150000=39000.
Now in the month of April 2017 Rs 39000 is recovering from the employee.
How to stop recovering the excess payment amount in the month of April 2017.
Thanks
Revati
Resolved the issue by running the Payroll from 01st April 2017. The excess amount is not recovering from the salary.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Refer SAP Note No. 995880 - Fringe benefit on Superann. contribution exceeding 1 lakh
in this regard.
Regards
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
95 | |
11 | |
11 | |
6 | |
6 | |
4 | |
4 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.