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
1LTA Amount Upper Allowance INR 01.01.1990