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New tax rate for employee.....

kanakaiiah
Explorer
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Hi,

New tax rate

SaiKrishna2024
Active Participant
0 Kudos

Hi,

Explain in detail.

Thanks,

Sai Krishna

kanakaiiah
Explorer
0 Kudos

Hi,

as per the requirement, we do have standard slab tax rate for all. but i required 30% tax rate on tax on total income for employess for that i am doing from t511k i have configured tax constant with 30 value. after that i made a rule like

ADDWT * NUM=KTAX30 AMT= /101 MULTI NAA ZERO= N ADDWT /436

that rule inserted before intax in inn1 schema.

SaiKrishna2024
Active Participant
0 Kudos

Hi,

Tax amount should add in /460 right instead if /436.

If you want 30% deduction on total income you need write a rule after INTAX function.

Thanks,

Sai Krishna

kanakaiiah
Explorer
0 Kudos

i have changed the accordingly but getting the standard calculation, pls suggest any modified pcr to update the gross amount updating into /460 calculation process.

Accepted Solutions (1)

Accepted Solutions (1)

0 Kudos

Hi Karthik,

Please implement the Note 2451698 in your system and try again.

Best Regards,

Aman

Answers (2)

Answers (2)

SaiKrishna2024
Active Participant
0 Kudos

Hi Karthik,

Have you import the S Note successfully, if yes please share the payroll log.

Thanks,

Sai Krishna

kanakaiiah
Explorer
0 Kudos

Hi Aman,

thanks for replay...

also implemented 2451698, but no luck.

thanks

Sujith_EM
Active Contributor
0 Kudos

Please check dates of the new wage type , delimited wage type and the constant .