Employer Paid Tax On Bonus Is Not Working
Last updated on MARCH 08, 2017
Applies to:Oracle HRMS (India) - Version 12.1.2 and later
Information in this document applies to any platform.
We have 300 employees, who moved to US and we want to pay them the bonus of 3 lacs each, Tax will also be paid by the company.
So we have done all the setups mentioned in "Oracle_HRMS_INDIA.pdf" on Page 198.
Oracle Human Resources (HRMS) for India Supplement (<Doc ID 297146.1>)
But employer paid tax is not calculated correctly.
1) Create element as mentioned in above document. (Attached are screen shot of element setup)
2) Created element entry
3) Run Regular Run
4) Run Process Separate.
Net amount should be the value entered in Bonus Amount input as its Net to Gross.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms