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Former Member
Mar 26, 2009 at 05:01 AM

Problem in Tax Exexpiton for Newly created Wage type

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Dear Gurus,

I Have tried to create a New Wage type for Allowance with Exemption IT582 created Amount. In pay roll results the IT582 Exemption amount is coming. In Wage type /132 Monthly Exemptions it says the Entire Amount which it created for the Particular wage type.

Example:

Newly created wage type 1010 : 10,000

Exemption Created : 6000

Payroll Results:

/132 : showing 10,000+800 Conveyance

MCAX : 6000 - Custom Allowance

MCMX :6000 - Custom Allowance.

By the above result the Gross value reduced to -10,000.

Please suggest me to complete this process.

Thanks in Advanc.

Anbu.