Tax Exemption for LTA

[Former Member]

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.

[Former Member · Accepted solution]

Hi Sekar,

1. Check IT 00021 is updated properly.

2. Check if any claims were done earlier.

Regards,

Sailaja

[Former Member · Accepted solution]

Hi,

1.Infotype 21 is maintianed properly.

2.There is no earlier claim available.

In RT table under INLTA function , in Input the system is taking the exemption amount, but after processing and output no LTA amount is exempted for tax.

INLTA Leave travel allowanc

Input

Table EXM

From From SType Exmpt amt CF claim Currency

30.09.2008 30.09.2008 LTA 120,000.00 INR N INR

Processing

Nil

Output

Nil

Rgds,

Sekar.

[Former Member · Accepted solution]

Hi Sekar,

You got any solution to the problem. If so, please share with me.

I have the same kind of problem with HRA exemption. Tough the InfoType is read properly, the

processing part is blank and no output in RT.

Regards,

Sailaja

[Former Member · Accepted solution]

HI,

The issue got solved, i was using Two wage types for LTA one for monthly component another for annum component, in same allowance grouping, came to know that against one tax code we can use only one Wagetype.thnks for everyone.

[sikindar_a]

check whether u have given theTax Exemption monthly or annually

[Former Member]

HI,

Iam maintaining it as Rule based.as mentioned above.

Rgds,

Sekar.

[Former Member]

Friends any inputs????