Hi Experts,
1
i have created WT for CLA and maintained IT0581 in which selected 5 company leased Accmodation and mentioned Rent Rs.20000/- and cost of furniture Rs. 50000/-, also WT /115 marked COA/CLA Basis.
as per my clculation taxable perquisite valuse:
15% of Salary 664000 = 99720
10% of cost of Furniture_= 5000_
Total 104720 where system showing 72000+5000= 77000/-
2
in Case of Int. free loan i have activated INJ2 and have ticked the check box Int. rate advantage
Maintained IT0045 as below:
Loan amount granted 50000/- , Loan Condition -> Interest/Repayment exempt,
Indivi. Int. rate= 6% , Individual Ref. Interest= 12%, and in system shows effective intrest rte = 6.169
in regular salary, int. deduction is 250/- its ok where as for annual qerquisite value is wrong ie., 2835/- it is not exactly difference value of Int. rate
Please guide me where i have gone wrong
early reply is verymuch appriciated with points and helpful
Thanks in Advance
Sanm