Longterm movable assets

[Former Member]

HI,

We are facing issue in FURNITURE for employees.

in my client is providing FURNITURE to the employees as per the india income tax rule is 10% taxale for the

as per my client policy is only 5% will be taxable.

can u suggest how we can maintain in sap for this difference 5% amount.

Thanks in advance.

[Former Member · Accepted solution]

Hi,

The Table V_T511k Payroll Constant has HFPRC=Hard Furnishing Percent - Perk ,there it is 10 change the value to 5 and check in DEV.the value calculates 10% perk if u make it 5% it will calculate 5% as perk value.

Salil

[Former Member · Accepted solution]

Hi,

If i maintain 5% it is calculation 5% only.

can you help us remain 5% where we maintain to come to form 16.

as per the income tax 10% should come.

Plse help.

[Former Member · Accepted solution]

Maintain 10% as before so that for IT it will be correct Ok,now tell me how are you going to keep a 5% diff amount,eg:- if you maintain 100000 then 10% = 10000 as per IT act,and as per your client it should be 5000,so i fail to understand what exactly is your requirement pl specify with eg

All the calculations in SAP are as per the Legal requirements and system behaves properly

salil

[Former Member · Accepted solution]

Hi salil,

my requirement is

asset : 10000

as per IT 10% = 1000

asper client 5% = 500

remain 5% where we can maintain

because my clients wants to show 10% in form 16

is it possible in sap.

plse help.

[Former Member · Accepted solution]

no not in sap,you can write a rule so that the10% amt of income tax be divided by 2 and push this amt in a new wagetype for display in payslip and for clients requirement purpose you can query the wagetype to see the amt paid to employees.

Salil