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tax calculation

Former Member
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For the one of my employee i am updated his income from other sources(0584)subtype othe sources(0002) with the amout of 41415/- but in his last month payslip shows wrong calculation of p tax in his form 16 summary.(Actual tax-52,013/-) It calculate extra 10.3% amount tax on 41415/- in his payresults /434=5,92,490/- & /436,/446=54639.50 & /447=546/- & /449=1093 & /450=56,279/-

Please guide me its wrong or right

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi friend,

Check the payresult section 89, the WT /616 may come wrong.

Regard

Former Member
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hi thanks for your quick reply but no use!

Former Member
0 Kudos

Hi,

I faced an issue most like this, then I found that the income tax, Ptax formula in SAP portal is not correct, there is a wage type /616 in section 89 if you run py retro year to year. if this WT amount is Rs-, then the tax will be missed, if Rs+, then tax will double or something like that.

Sorry if this no use.

Michael

Answers (0)