Wagetype for TDS deductions in subsequent months

[Former Member]

Dear All,

In the payslip we have to add a field which should contain the amount of tax to be deducted in each of the subsequent months. Also the tax deduction could be either of the system calculated amount or voluntary deduction through a wagetype tagged to IT0015.

For ex.: If the tax to be paid by an employee is Rs 20000 and he has already paid Rs. 10000 till Dec and in Jan he has a voluntary deduction of amount Rs. 5000 so TDS in remaining moths should be Rs 5000 / 2 i.e. Rs. 2500 (required to be displayed).

Please tell is there any wagetype which stores such a value after a payroll run?

Thanks and Regards,

Kanupriya Madan

[Former Member]

Hi,

check for the wage type /460 and /462.

/460 contains the monthly income tax and /462 contains voluantry tax for the month.

configure these 2 wage types and hope u will get desired result.

Regards,

Praveen

[Vivek_V]

Hi,

There is no WT where the information required by you is stored. You need to write a PR Rule and pass the required value to a dummy WT. Then, you can have the display of this dummy WT in your payslip.

The logic of the PCR would be:

Tax deductible in subsequent months = (/456 - /470) divided by /401

Hope this helps.

VK