Present Year Payment and Deduction from Last Year Financial IT0014 SODEXO

[former_member601399]

Dear Gurus,

I have a Scenario.

The Client wants a Sodexho Wagetype (Which I have Created) and would be paid after the Present Financial Year. But the Recovery through a Deduction Wage Type from the employees to be done from the previous Year.

Example: Amount paid in IT0014 on 01.04.2019-30.04.2019 INR 48000

but

Recovery Wage type XXXX should be calculating from 01.04.2018-31.03.2018 with a value of (- Rs. 4000 per month).

Looking forward to your Expertise please.

Regards,

Dipabho

[sikindar_a · Accepted solution]

It means , Employers is deducting Food allowance for the employee for year 2018 - 2019. The same will be en-cashed for year 2019-20 year.

Since They have deducted the amount in past , The same amount is being en-Cashed to the employees Hence the amount should not be taxed. you can go with the above approach , I dont see any point in the process unless if client asks the sodexo to be taxed.

[former_member601399 · Accepted solution]

Dear Sir,

Thanks for your insight. Issue resolved. So when this is to be taxed then I would Remove the ExempIt amount from Table V_T7INT9 and remove the details from the INCTX Function right sir.

Correct Me if I am Wrong.

Regards,

Dipabho

[sikindar_a]

The Recovery wage type is non taxable , Hence I dont think to have this entry maintained in T7INT9 Just remove the CC of the following wage type which does not include in gross salary so that the amount will be exempted.