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Income tax 2008 -Calculations

Former Member
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Hi Gurus,

I would require your help on the below things.

1. I would like to know where can we declare IT exemptions under the sections

80 G, 80 CC,80 CCD. I doubt effective 2006 these subsections of 80 , has been merged with 80 & 80 C.

2. How to do configurations for Under section 10(14), Under section 17, under sectio 24 in Indian Payroll.

3.Is it mandatory to maintain infotype 583 for availing conveyance exemption monthly.

Detailed explanation is much appreciated.

Points will be rewarded.

Rgds,

Sekar.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi

1. I would like to know where can we declare IT exemptions under the sections

80 G, 80 CC,80 CCD. I doubt effective 2006 these subsections of 80 , has been merged with 80 & 80 C.

--> these are all standard configuration. config table are T7INI0,2,4,.. a,c.

---> exemption amt limits will be taken from these table while calculating tax

2. How to do configurations for Under section 10(14), Under section 17, under sectio 24 in Indian Payroll.

--> while configuring the WT assignment these to be done, based on understanding that WT RAP

---> cummulation class 30 will consider the WT as sec 10

---> annual perk class is 34 and displaying on reports check evaluation classes 7,

3.Is it mandatory to maintain infotype 583 for availing conveyance exemption monthly.

---> Yes its mandatory to get the exemption for conveyance, since INCC0 function reads the values for giving exemption.

---> If you read the documentation of INCC0, you can understand how this exemption is arrived.

Good Luck

Pavan

Reward if it is helpful

Former Member
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HI Pavan,

Thanks a lot. It was a very useful information.

Regards,

Sekar.

Answers (1)

Answers (1)

Former Member
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Friends any inputs...........