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Form 16 & LIC

Former Member
0 Kudos

Hi experts,

While extracting the Form16 report, under section 80c, the LIC amount projection showing as 10 months, instead of 12 months. The LIC amount having the separate wage type grouped in Infotype 57. Currently we finished payroll process upto Oct 2009.

- For GSLI WT we have its Processing Class same as MLIC.

- Is it because of patch installation......

Thks

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi

Try this out

Go to table v_512w_D via SM30

go in change mode

select the wage type of lic

maintiain the processing 41 as 8

and process the live payroll for one employee

now check the form16

with regards

partha

Edited by: Partha Murali on Nov 26, 2009 1:08 PM

Answers (2)

Answers (2)

Former Member
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Hi Nikki,

1) Check the active employees joining date

2) Check the Start date as well as End Date on which the Active LIC starts, Infotype 0057 , check the payment frequency

3) Check the Org assignment valdity dates

Former Member
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HI,

Check N0 subtype in IT0041. if its dere, projection will stop

Former Member
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I didnt undertd it..........wats the logis of this?.........wat is the connectivity with 0041 IT?

Yes, there is no subtype of 0041 IT....

Former Member
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HI,

I think the employee is terminated. If u want the projection, remove this N0.... but ensure ur doing it for an active employee only.....

Former Member
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no the employee is not terminated and its calculated it as 10 months for all the employees.

vikram_n
Contributor
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Hi

Can u chk whn the LIC is updated (Effective)

With Regards

Vikram

Former Member
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kindly reply guys............