cancel
Showing results for 
Search instead for 
Did you mean: 

Regarding new tax rebate financial year 2023-2024

ranganathan_iyer
Discoverer
0 Kudos
578

Dear Sir,

As per sap note 3300975, we have configured table v_t7int1, v_t7int3, V_T511K, V_T511P. as per slab code NR01, if salary is below 7 lac, Income tax should not be deducted because of 25000 tax rebate under section 47a. In our case, system is deducting full tax as slab code sl40. Please guide me.

Accepted Solutions (0)

Answers (1)

Answers (1)

Neeraj_Jain
Active Contributor
0 Kudos

Hello ranganathan.iyer,

Please refer below SAP Blog. Hope it's clarifies your query.

https://blogs.sap.com/2023/02/13/budget-changes-2023-24-for-country-india-payroll/

Regards,

Neeraj Jain