Hi ,
Facing the below described issue
For few employees March 16 salary income tax (/460) value is deducted wrong , one of the issue detailed
Total Tax Payable = 753270
Tax deducted till Feb-16 = 684285
Balance tax for Mar-16 = 68985 (to be deducted)
However Tax deducted by the system in march RS. 68592/- (less by Rs. 493/-)
Following RT details
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|* /101 Total gross amount |
| 236,819.66 |
|* /111 EPF Basis |
| 15,000.00 |
|* /112 ESI Basis |
| 236,529.66 |
|* /113 ESI Basis Nominal |
| 211,056.83 |
|* /114 HRA Basis |
| 131,785.52 |
|* /115 COA/CLA Basis |
| 238,029.66 |
|* /116 Gratuity Basis |
| 131,785.52 |
|* /117 Superannuation Basis |
| 131,785.52 |
|* /124 Mon Reg Income |
| 238,129.66 |
|* /125 Mon Irr Income |
| 1,310.00- |
|* /128 Leave Encashment Basis |
| 131,785.52 |
|* /12H Nominal basis for Housing |
| 131,785.52 |
|* /12I HRA eligibility - Nominal |
| 79,071.31 |
|* /130 Exemption U/S 10 |
| 456,051.73 |
|* /132 Monthly Exemptions |
| 100.00 |
|* /133 Annual Exemptions |
| 14,979.84 |
|* /134 Annual Non-perk amounts |
| 1,310.00- |
|* /135 Form 217 2(A) Annual Perk |
| 1,310.00- |
|* /136 1DSD Basis Nominal |
| 131,785.52 |
|* /137 1DSD Basis Actual |
| 131,785.52 |
|* /138 Form 217 2(A) Basis |
| 236,819.66 |
|* /139 VPF Basis |
| 131,785.52 |
|* /140 LWF Basis |
| 236,819.66 |
|* /3EA Actual ESI Basis |
| 236,530.00 |
|* /3F1 Ee PF contribution 01 01 |
| 1,800.00 |
|* /3F3 Er PF contribution 01 01 |
| 550.00 |
|* /3F4 Er Pension contribution 01 01 |
| 1,250.00 |
|* /3F5 Ee Mon PF contribution |
| 1,800.00 |
|* /3F6 Ee Ann PF contribution |
| 21,571.00 |
|* /3F7 EDLI contri * 1,00,000 01 01 |
| 7,500,000.00 |
|* /3F8 EDLI adm chrgs * 1,00,000 01 01 |
| 150,000.00 |
|* /3F9 PF adm chrgs * 1,00,000 01 01 |
| 12,750,000.00 |
|* /3FA PF basis for Ee contrib 01 01 |
| 15,000.00 |
|* /3FB PF Basis for Er Contrib 01 01 |
| 15,000.00 |
|* /3FC Pension Basis for Er cont 01 01 |
| 15,000.00 |
|* /3FE Interest accrued on total |
| 271.00 |
|* /3FJ VPF basis for Ee contrib 01 01 |
| 131,786.00 |
|* /3FL PF Basis for Er Contrib 01 01 |
| 15,000.00 |
|* /3I1 Deduction u/s 80 |
| 175,000.00 |
|* /3I2 Gross amount u/s 88 |
| 167,821.00 |
|* /3LE Nom. CEA amt monthly |
| 200.00 |
|* /3M1 Medical reimbursement |
| 8,750.00 |
|* /3P1 Prof Tax - split period 01 13 01 06 |
|I 200.00 |
|* /3P2 Professional Tax Basis 01 13 01 06 |
| 244,894.19 |
|* /3P3 Prof Tax - Full period |
| 200.00 |
|* /3Q1 HRA calculation value 01 |
| 395,356.56 |
|* /3Q1 HRA calculation value 02 |
| 474,427.86 |
|* /3Q1 HRA calculation value 03 |
| 142,028.69 |
|* /3R1 Metro HRA Amount |
| 79,071.31 |
|* /3R3 Metro HRA Basis Amount |
| 131,785.52 |
|* /403 Marginal tax rate |
| 30.00 |
|* /404 Mrgnl tax rate with srch. |
| 30.90 |
|* /410 Ann Reg Income |
| 1,537,277.96 |
|* /411 Ann Irr Income |
| 251,592.00 |
|* /414 Exm.under pro.to sec17(2) |
| 1.00- 14,979.84 |
|* /416 Gross Salary |
| 3,654,663.08 |
|* /418 Balance |
| 3,198,611.35 |
|* /422 Empmnt tax (Prof Tax) |
| 2,500.00 |
|* /424 Aggrg Deduction |
| 2,500.00 |
|* /426 Incm under Hd Salary |
| 3,196,111.35 |
|* /430 Gross Tot Income |
| 3,196,111.35 |
|* /432 Agg of Chapter VI |
| 175,000.00 |
|* /434 Total Income |
| 3,021,110.00 |
|* /436 Tax on total Income |
| 731,333.00 |
|* /446 Tax payable |
| 731,333.00 |
|* /447 Sec and Higher Educ Cess |
| 7,313.00 |
|* /449 Education Cess |
| 14,627.00 |
|* /450 Tax payable and surcharge |
| 753,270.00 |
|* /456 Tax deducted so far |
| 684,285.00 |
|* /458 Net tax payable |
| 68,985.00 |
|* /460 Income Tax |
| 68,592.00 |
|* /4CE CEA Monthly Exemption |
| 100.00 |
|* /4E1 CEA Annual Exemption |
| 600.00 |
|* /4E4 HRA Annual Exemption |
| 142,028.69 |
|* /4ME Monthly Education cess |
| 1,941.75 1,332.45 |
|* /4MH Monthly Higher Edu cess |
| 970.87 666.23 |
|* /4MI Monthly Amount paid |
| 302,241.31 |
|* /4MT Monthly Tax payable |
| 97,087.38 66,593.32 |
|* /4T1 Income Tax Slab Rates 01 09 |
| 3,021,110.00 |
|* /4T1 Income Tax Slab Rates 02 |
| 10.00 25,000.00 |
|* /4T1 Income Tax Slab Rates 03 |
| 20.00 100,000.00 |
|* /4T1 Income Tax Slab Rates 04 |
| 30.00 606,333.00 |
|* /4TE Edu Cess Ded Till Date |
| 13,286.85 |
|* /4TT Tax Payable Ded Till Date |
| 664,354.71 |
|* /4VA Prev Gross salary |
| 1,880,772.96 |
|* /4VB Prev exemp u/s10 |
| 213,673.04 |
|* /4VC Prev prof. tax paid |
| 1,200.00 |
|* /4VD Prev PF contributed |
| 10,771.00 |
|* /4VE Prev Tax Deducted |
| 380,125.00 |
|* /4VF Prev Medical Exempt |
| 6,229.84 |
|* /4VL Prev Tax Payable Deducted |
| 369,053.49 |
|* /4VN Prev Edu cess Deducted |
| 7,381.01 |
|* /4VO Prev Higher ECess Deducte |
| 3,690.50 |
|* /4VP Prev taxable income paid |
| 1,825,943.97 |
|* /4VQ Prev. Ee. NPS Basis |
| 790,430.87 |
|* /4VS Prev. Er. NPS Basis |
| 790,430.87 |
|* /550 Statutory net pay |
| 166,227.66 |
|* /552 Stat.net subs.adjustment |
| 8,098.30 |
|* /559 Bank transfer 01 |
| 174,326.00 |
|* /560 Net pay |
| 174,326.00 |
|* /700 Wage/salary + ER shares |
| 238,823.66 |
|* /840 Diff.curr.from aver.month 01 |
| 27.00 |
|* /844 Paid public holidays 01 |
| 9.00 |
|* /845 Total paid non-work 01 |
| 9.00 |
|* /ROA Rounding off adjustment |
| 0.04 |
|* /ROR Recovery of round off amt |
| 0.08 |
|* /ZEA BF ESI basis |
| 8,021.00 |
|* /ZF3 BF EPF ER Share |
| 18.00 |
|* /ZF4 BF EPS ER Share |
| 43.00 |
|* /ZF5 CF Pf monthly |
| 61.00 |
|* /ZFA BF Ee EPF Basis |
| 509.00 |
|* /ZP2 Ptax basis arrears |
| 8,074.53 |
|* 01AX Fuel Exp Annual Exemption |
| 24,500.00 |
|* 02AX Car Exp Annual Exemption |
| 12,250.00 |
|* 04AX Driver Sal Annual Exempti |
| 63,000.00 |
|* 1000 Basic Salary |
| 15,000.00 |
|* 1005 Basic 1 |
| 116,785.52 |
|* 1010 House Rent Allowance |
| 79,071.31 |
|* 1020 Education Allowance |
| 200.00 |
|* 1035 Special Allowance |
| 22,972.83 |
|* 1080 LTA Amount (Taxable) |
| 2,500.00 |
|* 1215 Conveyance All Taxable |
| 1,600.00 |
|* 8500 Basic Arrears |
| 508.62 |
|* 8501 Basic1 Arrears |
| 3,959.98 |
|* 8502 HRA Arrears |
| 2,681.16 |
|* 8504 Education All Arrears |
| 6.78 |
|* 8507 Special All Arrears |
| 778.96 |
|* 8521 Conv All Taxable Arrears |
| 54.26 |
|* 8557 LTA Amount Arrears |
| 84.77 |
|* 8559 Sodexo Arrears |
| 84.77 |
|* 9000 CTC |
| 3,581,230.00 |
|* 9001 CTC Reimbursement |
| 246,000.00 |
|* 9004 Nominal Sodexo Coupon |
| 2,500.00 |
|* 9101 Driver Salary |
| 9,000.00 |
|* 9104 Medical Amount |
| 1,250.00 |
|* 9105 Fuel Reimbursement |
| 3,500.00 |
|* 9106 Car Maintenance |
| 1,750.00 |
|* 9107 LTA Amount |
| 2,500.00 |
|* 9109 Sodexo Coupons |
| 2,500.00 |
|* 9113 Ann Perf Pay |
| 248,409.03 |
|* 9114 Associate Pft Share |
| 103,503.76 |
|* 9115 Short Term Incen |
| 124,204.52 |
|* 9116 Medical Insurance |
| 6,457.00 |
|* 9121 Festival Bonus |
| 3,500.00 |
|* 93F7 EDLI contri * 1,00,000 01 01 |
| 75.00 |
|* 93F8 EDLI adm chrgs * 1,00,000 01 01 |
| 1.50 |
|* 93F9 PF adm chrgs * 1,00,000 01 01 |
| 127.50 |
|* 9828 Festival Bonus (Prorata) |
| 291.66 |
|* 9902 Paid days |
| 31.00 31.00 |
|* 9904 Festival Bonus Paid |
| 3,471.00 |
|3 /001 Valuation basis 1 01 |
| 1,090.88 |
|3 /002 Valuation basis 2 01 |
| 175.80 |
|3 /118 PTax Basis 01 |
| 238,129.66 |
|3 /118 PTax Basis 01 0001 |
| 1,310.00- |
|3 /119 PTax Basis Nominal 01 |
| 211,056.83 |
|3 /12N Monthly Regular Salary 01 |
| 238,129.66 |
|3 /143 Basis NPS Ee Contr 01 |
| 131,785.52 |
|3 /144 Basis NPS Er Contr 01 |
| 131,785.52 |
|3 1125 Short Term Incentive 01 0001 |
| 1,310.00- |
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