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Exemtions U/S 10

Dear All,

We have updated the notes to implement the changes mentioned in union budget changes 2018-19. While testing the same , the system is calculating conveyance allowance under exemptions u/s10 apart from std deduction which is shown separately.

Please let us know how to remove conveyance allowance from not showing exemotion u/10.

Have a nice day.

Regards,

Sri

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2 Answers

  • May 18 at 06:16 AM

    Hi Sri

    Don't maintain the conveyance wage type in IT0008 with w.e.f 01.04.2018. and also delimit the table

    V_T7INT9 by entering new start date 01.04.2018 .

    in this table amount field should be blank

    Sri

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  • May 18 at 08:15 AM

    Hi Sri,

    There is an attachment in the Note 2606366 called "Budget 2018 Health Cess & Standard Deduction.pdf" which has some manual changes. If you check on Page 3, it is shown that in the view V_T7INT9 from 1.4.2018 onwards, the value of Exemption Limit assigned to wage types which are linked to Conveyance Tax Code (SCNV) should be ZERO. The screenshot, however, only shows the model wage types being delimited like this. If you are NOT using model wage types, but your own custom wage types for Conveyance Allowance, then you have to delimit those wage types as well. This is mentioned in the attachment as well:

    Note: In case, you have mapped different wagetypes for tax code SMED and SCNV. Then those customer wagetypes must be delimited. In case you are using custom tax codes, such entries must be delimited in the above mentioned process.

    Best Regards,

    Aman

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