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Former Member
Aug 24, 2007 at 05:23 AM

Form 16

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Hi experts,

While extracting the Form16 report, under section 80c, the LIC amount projection showing as 11 months, instead of 12 months. The LIC amount having the separate wage type grouped in Infotype 57. Currently we finished payroll process upto July 2007.

The LIC amount deducted was Rs. 1744 per month from April 07 to July 07. The projection amount in Form16 is showing as Rs.19184(174411) instead of Rs.20928(174412). But the same logic applied in PF amount projection is correct.