Skip to Content
0
Former Member
Dec 06, 2008 at 10:04 AM

Tax Exemption for LTA

64 Views

HI Pals,

Iam maintaing a Wage type LTA1 for LTA Exemption. I have maintained a LTA amount of Rs.20000 in Infotype 582. In the same month Rs.20000 is paid as LTA thru IT 0015. But the entire 20000 rupees is considered for Taxation.

I have maintained the following configuration . But still the tax exemption is not happening.what could be wrong?.

Table : V_T7INT9

1LTA Tax exemption is Rule Based Limit for Tax Exemption is Annual SLTA INR 01.01.1999 31.12.9999

Table: V_T7INA9

1LTA Amount Upper Allowance INR 01.01.1990

Rgds,

Sekar.