PY-IN:: Note 1507799 - Sec 80CCD

SAP Note 1507799 - Sec 80CCD - pension contribution notified by central govt.
Released: 20.09.2010
Highlights:
New wagetype: /3I5
Example: An employee has deposited Rs 50000 in the pension fund notified by the Central Government and the employee's salary is Rs35000. In this scenario, minimum of Rs 50000 and Rs 35000 i.e Rs 35000 would be considered for deduction under Sec 80CCD with a capping of Rs 1 lakh

Hi ,
First do the manual changes & then apply the note. You will get "Contribution to pension scheme of Central Goverment" this option in IT 585
Regards,
Mahesh

Similar Messages

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    Dear
    I have applied the sap note 1507799 - Sec 80CCD - pension contribution notified by central govt. and have done the necessary manual config steps as mentioned in the sap note.
    When i am trying to check this pension contribution notified by central govt item in IT0585 and IT 0586.
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