SAN-India

[Former Member]

Dear Gurus

As per Indian rules Superannuation contribution can be 1,00000 per year and employee who is having and paid more than 55,000 of Basic Pay, /3s1 valus is coming more than 8250 Per month (greater than 1,00,000 per annum).

Kindly let me know how to handle this. Is there any standard ways available to do this, to divert the excess amount of fund from /3s1 (Maximum 1,00000 per annum and 8250 per month)

Edited by: HRSAP2011 on Aug 18, 2011 11:18 AM

[Former Member]

.

[Former Member]

Hi,

Can you check the tables and feature:

V_T7INS3 and V_T7INS5 and 40SAN,

and also check any other than basic is selected for Superannuation Basis (CC - 17)

and let me know

Thanks

Cheera

Edited by: sreecheera on Aug 18, 2011 2:56 PM

Edited by: sreecheera on Aug 18, 2011 3:00 PM

[Former Member]

Hi

Everything is fine. Kindly let me know if anyone of you are using this functionality and i hope you will also face the same issue.

[Former Member]

Hi,

Kindly refer the link

Regards,

Salil

[Former Member]

Dear Salil

Thanks for your help. My requirement is to divert the Excess amount of /3s1 and to pay it on that month itself to the customer wage type.

Kindly let me know how to cover the scenario.

[Former Member]

Hi,

Dear have you gone through the SAP Notes,if you configure the system according to the SAP Notes,you derive the excess amount other than Rs.1 Lakh through a custom wagetype,This excess amount goes and add to the Gross as Perk to the Employee as per the Provision of IT Act.

In case you want to pay him the excess amount you can write a PCR further to push the same to his earnings,if this is what your scenario is OR Else i would suggest go with the standard Config as suggested in SAP Notes.

Salil

[Former Member]

Hi

Yes, you are right

I don't want to wait and need to pay on that month itself if the amount is exceeding 8250 for /3s1.

Kindly let me know how to proceed with that.

Edited by: HRSAP2011 on Aug 19, 2011 8:52 AM