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Former Member
Mar 11, 2008 at 08:31 AM

special compensation plan for once in year tax has to calculate whole year

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Hi gurus

we have one requirement of special compensation plan. this wage type ismaintained in IT14 or IT15. for every month.

client requirement is that it has to maintain only once in a year for example. for one year 60000 means it will come for every month 5000. then tax will be differe for every month. they dont want to maintain for every month once they given 5000 form 01.04.2008 to 31.03.2009 meand system has to take prorated every month but tax has to calculated for whole year.

pls suggest me do u have any idea.

Thanks & Regards

Suresh