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NPS caluculation showing wrongly reason please

Aug 18, 2017 at 08:36 AM

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Data maintained as per below to get NPS exemption

our current packlevel:sapke600D1

Infotype 0587 maintained as per attached screen shots,

Infotype : 0057 having only GSLI premium, Medicalim premium (80c, 80d respectively)

Infotype 0585 and 0586 not maintained any proposal and actuval investments

system caluculation given below :

My question is why /432 showing as per below how system has calculated this amount : I maintained only 10 % of at NPS as per above screen which need to calculate on Basic and DA.

/432 206,574.75 /3I1 206,574.75 /3I6 65,962.00 /3I7 65,962.00 /3I9 2 /3I5 65,964.00 0057 deductions 80c 7622 80d 1064

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9 Answers

Aman Tyagi
Aug 18, 2017 at 10:45 AM
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Hi Ramakrishna,

The value for /432 is being calculated by adding the values for /3I5, /3I6, /3F6, /3I9 and the two Section 80C deductions in IT0057. As I had previously told you, Employer NPS (/3I6) can go over and above the Section 80C limit and that is legally correct.

Also, the reason that Employee is getting EPF is because you've maintained IT0587 with the PF Trust, ID and the mentioned basis.

If you don't want this employee to get PF, then enter the NPS amount in IT0585 under the head "Contribution to pension scheme of Central Government" instead of using IT0587.

Best Regards,

Aman

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krish B Aug 18, 2017 at 08:38 AM
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My question is why /432 showing as per below how system has calculated this amount : I maintained only 10 % of at NPS as per above screen which need to calculate on Basic and DA.

/432 206,574.75 /3I1 206,574.75 /3I6 65,962.00 /3I7 65,962.00 /3I9 2 /3I5 65,964.00 0057 deductions 80c 7622 80d 1064
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krish B Aug 18, 2017 at 08:40 AM
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Aman Tyagi
Aug 18, 2017 at 08:45 AM
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Hi Ramakrishna,

Since you haven't provided the PF deduction wagetypes' values (/3F*), I can only speculate here. If you're asking why the value of /432 is greater than INR 200,000, then that's because Employer NPS value is OVER and ABOVE the Section 80C limit. This is as per the Govt. ruling on NPS.

Best Regards,

Aman

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krish B Aug 18, 2017 at 08:48 AM
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dear experts

These are the RT table details: how system caluculating the chapter VI and /3i1 amount.

/432 : Rs. 206574.75

/3i1 : Rs.206574.75

/3i6 : Rs.659 62.00

/3i7 :Rs 65962.00

/3i9 :Rs 2

/3i5 : Rs.65964.00

Infotype 0057 contributions:

80c : Rs.7622

80d ; Rs.1064

krish

8682019678

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krish B Aug 18, 2017 at 08:48 AM
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dear experts

These are the RT table details: how system caluculating the chapter VI and /3i1 amount.

/432 : Rs. 206574.75

/3i1 : Rs.206574.75

/3i6 : Rs.659 62.00

/3i7 :Rs 65962.00

/3i9 :Rs 2

/3i5 : Rs.65964.00

Infotype 0057 contributions:

80c : Rs.7622

80d ; Rs.1064

krish

8682019678

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krish B Aug 18, 2017 at 08:57 AM
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hi aman

Thankyou very much for your immediate responce

basic-pay.pngresulttable.pngpayslip.pngpayslip.pngpayslip-itax.png


basic-pay.png (37.4 kB)
resulttable.png (21.4 kB)
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payslip.png (68.2 kB)
payslip-itax.png (62.2 kB)
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krish B Aug 18, 2017 at 08:59 AM
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hi aman

i have sent you the all screen shots concern:

employee is NPS optee only why EPF adding here to chapter VI

regards

krish

8682019678

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krish B Aug 18, 2017 at 10:06 AM
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Hi Aman

One more doubt is /3i9 showing as Rs2 how system bringing this amount

regards

krish

8682019678

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