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What is Agg of Chapter VI in Payslip ?

Former Member
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Dear Consultants,

Can any one say what is Agg of Chapter VI, and how to calculate (what is the break up for this calculations).

Thanks & Regards,

Naresh

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Answers (3)

Answers (3)

former_member201807
Contributor
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Dear Naresh,

Check the infotype 0586 & 0585 entry through pa30

Kindly check whether right click on consider actual contributions for tax exemption or its come under proposed contribution.

Its depend upon you if you wants to proposed then put the value in proposed colum,

if you wants sap consider the actual consideration then mark a right click on bracket give.

Regards,

Rakesh

former_member201807
Contributor
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Dear Naresh

The Agg of Chapter VI containing the following details as per income tax

80C:- Amount paid or deposited towards life insurance, contribution to Provident Fund set up by the Government, recognized Provident Fund, contribution by the assessee to an approved superannuation fund, subscription to National Savings Certificates, tuition fees, payment/ repayment for purposes of purchase or construction of a residential house and many other investments. For full list, please refer to section 80C of the Income-tax Act. ( The aggregate amount of deduction under section 80C, 80CCC and 80CCD(1) shall not exceed Rs. 1,00,000/- )

80CCC:- Deduction in respect of Payment of premium for annuity plan of LIC or any other insurer. Deduction is available upto a maximum of Rs. 100,000/-.

The premium must be deposited to keep in force a contract for an annuity plan of the LIC or any other insurer for receiving pension from the fund.

80CCD(1):-

Deduction for contribution in pension scheme notified by the Government to the extent of 10% of salary in case of employees and 10% of total income in case of others.

80CCD(2)

Contribution by employer in pension scheme notified by the Government to the extent of 10% of salary.

80CCG

Investment under Rajeev Gandhi Equity Linked Scheme. Deduction is available upto 50% of the amount invested.( Maximum Deduction available Rs. 25,000/- )

80D

Deduction in respect of Medical Insurance Premium for Self and family members.( Maximum Deduction available Rs. 20,000/- for Senior Citizens and Rs. 15,000/- for others. )

Deduction in respect of Medical Insurance Premium for Parents (Father or mother or both).( Maximum Deduction available Rs. 20,000/- for Senior Citizens parents and Rs. 15,000/- in other cases. )

80DD

Deduction in respect of maintenance including medical treatment of dependent who is a person with disability. ( Maximum deduction Rs. 100,000/- in case of severe disability (more than 80%) and Rs. 50,000/- in other cases

80DDB

Deduction to the extent of Rs. 40,000/- or the amount actually paid, whichever is less for expenditure actually incurred on self or dependent relative for medical treatment of specified disease or ailment.

80E

Deduction in respect of interest on loan taken for pursuing higher education. The deduction is also available for the purpose of higher education of a relative.

80G

Deduction in respect of donations to certain funds, charitable institutions, etc. The various donations specified in Sec. 80G are eligible for deduction upto either 100% or 50% with or without restriction as provided in Sec. 80G

80GG

Deduction in respect of House Rent Paid. ( Maximum Deduction Rs. 24000/- )

80GGA

Deduction in respect of certain donations for scientific research or rural development

80GGC

Deduction in respect of contributions given by any person to political parties

80RRB

Deduction in respect of royalty on patents. ( Maximum Deduction Rs. 3,00,000/- )

80QQB

Deduction in respect of royalty on Books. ( Maximum Deduction Rs. 3,00,000/- )

80TTA

Deduction in respect interest on Saving accounts. ( Maximum Deduction Rs. 10,000/- )

80U

Deduction in case of a person with disability. ( Maximum Deduction: General disability - Rs. 50,000/-, Severe disability - Rs. 1,00,000/-. )

Employee can get the exemption on the above subsection as per Income tax

For details check with Income tax act.

Regards,

Rakesh

Former Member
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Dear Consultants,

In RT table calculating with the technical wage type /432, kinldy let me know what is the break up of this Agg of Chapter VI, (How it is calculated in Pyroll process)

Thanks & Regards,

Naresh

Former Member
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Dear Consultants,

Please let me know what is Chapter VI deductions. it is urgent. My client want to know how it is calculating, is there any infotype to enter this amount. please do needful.

Thanks & Regards,

Naresh

Former Member
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Hi Naresh,

80 Deductions (0585 info type) and 80C deductions (0586 info type) amounts get stored in /432 wage type in the payroll log.

Regards,

Haranath

Former Member
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Dear Haranath,

In 585 and 586 infotypes i have not maintained but still this /432 wage type is coming as 41,277/-.

apart form Payment towards life insurance policy other proposed investments are 00, this is in 586 Infotype . In Infotype 585 is not maintained. please let me know how it is calculating in RT table.

Former Member
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Dear Haranath,

This is /432 value in RT.

Former Member
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Hi Naresh,

You have maintained the Rs.37000 as proposed amount this amount also comes under /432 wage type. Check the employee pf contribution that amount also system will consider under /432 wage type.