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Calculation for 24q Report Indian Payroll , Technical Wage type Calculation /4MI

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200

Hello,

We are facing an issue to understand the calculation of wage type /4MI which is actually used in report F24Q for India Payroll which we submit quarterly. (PC00_M40_F24Q)

Employees for whom IT0015 is updated with an Annual Perk wage type- XXXX, the amount is getting divided by projected months and adding it to /101 of that month and it generates /4MI with that amount. For example>

For June :-

/101 = 15000 ,

IT0015 wage type XXXX Annual perk= 2000

Projected Months= 10

Expectation:- /4MI for June= 15000+2000, i.e 17000 should reflect in 24q report.

But in our system below calculation is reflecting

--> /4MI = /101+ 2000/10

/4MI= 15000+200 i.e.15200 (Which reflects in F24Q report).

Could you please help me in understanding why this is happening and how can we fix it.

Many thanks in advance.

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Answers (2)

Answers (2)

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jayanti.venkataramana

sujith.em2

Hi Both,

Could you please suggest on my posted quesition.

Regards

Suzatha

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Hello,

Its very urgent, can someone please provide some information on this.

Thanks & Regards

Suzatha