LTA / LTC - India Payroll Clarification (Doc ID 1312453.1)

Last updated on FEBRUARY 01, 2017

Applies to:

Oracle HRMS (India) - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

Scenario:

If we configure LTC (Earning), block of 4 years' concept is applied but the exempted amount is not added to Sec 17 and hence no exemption for this in Sec 10.

On the other hand, if we configure it as Travel Allowance (Allowances), exempted amount is added to Sec 17 and then exemption given in Sec 10 but 4 years' block concept is not applied for this case.

 


However, we expect the following per the legislative rules of India:

1. Exemption can be given twice in a block of 4 years.
2. Total Amount paid is added in Sec 17 including the exempted amount
3. Exempted amount shown in Sec 10.


Solution

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