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Former Member
Oct 10, 2011 at 06:07 AM

Income tax



We ran Payroll from April2011 to Sep2011 by doing Adjustment in Incometax MVT1 for 6Months

We also ran Off Cycle payroll which has Tax (Without Adjustment in tax).

Now we came to know the Tax exemption limits in V_T7INT1,V_T7INT3 are last years slab.We are chaning manually the IT Slabls from April2011-March2012.

If we run OCt2011 what will be the Impact for the Below

1. IT Slabs were Wrong

2. IT Adjustments Done using MVT1