How to include Mar 2007 salary in Form16 for 2008

[Former Member]

Hi Experts,

I want to include Mar 2007 salary in Form16 for 2008. How is it possible.

In legacy system March salary was paid in April so the yearly period of payment was from Mar-Feb, currently employees have paid ITax upto Feb, so I want to include the remaining March 2007 salary in F16 of 2008, inorder to streamline the process with standard.

Regards,

Tomesh

[Former Member]

Hi.. Form 16 is a statuatory form generated for India as per the financial year. The financial year for India is from April to March. Hence form 16 is designed to accomodate data between this period.

Also, it is not recomended to do any customization in form 16

[Former Member]

Hi Judith,

I don't want to do any customization, but since the salary of March is paid on 1st April in legacy system, it should come in Form 16 of 2008.

Regards,

Tomesh

Hi all,

I am planning to include the amount in wagetype /4MI "Monthly taxable income" of Mar 2007 payroll in IT0267 "Add Offcycle payments" in Apr month, but employee won't be paid and also there won't be any posting. In this way the amount will come in F16 as prev. yr arrears ( I've used a wagetype with Evaluation class 6 value equal to 24 ).

Please advise, whether i m doing right or not.

Regards,

Tomesh

Edited by: Tomesh Sahu on Jun 26, 2008 12:13 PM