Income tax - wrong computation in /460
Dear Seniors,
While processing the march-2015 payroll, I found wrong income tax computation for few employees in form 16. system is working fine for rest employees, as per my understanding it may be due to master data issue. I have checked the thing again and again but not able to resolve.
I am looking forward for your expert advice.
Regards,
Ritu
Hi Venkatesh,
Thanks for your prompt reply.
Please find the details are as below...
* /101 Total gross 112,227.00
* /110 Net payment 10.00-
* /115 COA/CLA Bas01 60,627.00
* /117 Superannuat 36,418.00
* /121 Nom. ExGrat 100000.00 36,418.00
* /124 Mon Reg Inc01 60,627.00
* /129 Voluntary R01 36,418.00
* /130 Exemption U 21,064.64
* /138 Form 217 2( 112,227.00
* /3F1 Ee PF contr0101 4,370.00
* /3F3 Er PF contr0101 3,120.00
* /3F4 Er Pension 0101 1,250.00
* /3F5 Ee Mon PF c 4,370.00
* /3F6 Ee Ann PF c 21,122.00
* /3F8 EDLI adm ch0101 0.75
* /3F9 PF adm chrg0101 65.55
* /3FA PF basis fo0101 36,418.00
* /3FB PF Basis fo0101 36,418.00
* /3FC Pension Bas0101 15,000.00
* /3FD Mon perk (e 61.00
* /3FE Interest ac 291.00
* /3FG Ann perk (e 148.00
* /3FJ VPF basis f0101 36,418.00
* /3FL PF Basis fo0101 15,000.00
* /3I1 Deduction u 34,854.00
* /3I2 Gross amoun 24,630.00
* /3P1 Prof Tax - 01010101 I 200.00
* /3P2 Professiona01010101 60,627.00
* /3P3 Prof Tax - 200.00
* /3R2 Non-metro H 18,209.00
* /3R4 Non-metro H 36,418.00
* /422 Empmnt tax 1,000.00
* /4E4 HRA Annual 21,064.64
3 /090 /128-LEAVE 01 1,213.93
3 /091 /128-LEAVE 01 2,101.04
3 /092 /128-LEAVE 01 1,820.90
3 /111 EPF Basis 01 36,418.00
3 /112 ESI Basis 01 60,627.00
3 /113 ESI Basis N01 100000.00 60,627.00
3 /114 HRA Basis 01 36,418.00
3 /116 Gratuity Ba01 36,418.00
3 /118 PTax Basis 01 60,627.00
3 /119 PTax Basis 01 100000.00 112,227.00
3 /120 Nom. ExGrat 100000.00 36,418.00
3 /125 Mon Irr Inc01 51,600.00
3 /128 Leave Encas01 36,418.00
3 /134 Annual Non-01 51,600.00
3 /136 1DSD Basis 01 36,418.00
3 /137 1DSD Basis 01 36,418.00
3 /139 VPF Basis 01 36,418.00
3 /180 /124-BONUS 01 36,418.00
3 /807 Partial per01 100000.00 24.00
3 /808 Partial per01 100000.00 31.00
3 1004 M230-HRA 01 18,209.00
3 1016 M200-SPECIA01 6,000.00
3 6009 B301-EX-GRA01 51,600.00
* /410 Ann Reg Inc 293,030.50
* /411 Ann Irr Inc 51,600.00
* /416 Gross Salar 344,630.50
* /418 Balance 323,565.86
* /424 Aggrg Deduc 1,000.00
* /426 Incm under 322,565.86
* /430 Gross Tot I 322,565.86
* /432 Agg of Chap 34,854.00
* /434 Total Incom 287,710.00
* /4MI Monthly Tax 169,663.00
* /403 Marginal ta 10.00
* /437 Tax credit 2,000.00
* /436 Tax on tota 3,771.00
* /446 Tax payable 1,771.00
* /404 Mrgnl tax r 10.30
* /450 Tax payable 1,824.00
* /449 Education C 35.00
* /447 Sec and Hig 18.00
* /458 Net tax pay 1,824.00
* /460 Income Tax 1,824.00
* /4MS Monthly Sur
* /4ME Monthly Edu 1,941.75 35.01
* /4MH Monthly Hig 970.87 17.50
* /4MT Monthly Tax 97,087.38 1,771.49
Ritu
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