Amendment to Taxation of Employer Contributions Not Working in Budget Patch For FI 2020-2021
(Doc ID 2666392.1)
Last updated on MAY 12, 2021
Applies to:
Oracle HRMS (India) - Version 12.1.3 and laterInformation in this document applies to any platform.
Symptoms
On : 12.1.3 version, India Payroll
ACTUAL BEHAVIOR
---------------
Aggregate of amounts of the Employer contributions exceeds 750000 not treated as taxable perquisite
EXPECTED BEHAVIOR
-----------------------
Aggregate of amounts of the Employer contributions exceeds 750000 should treat as taxable perquisite
STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Run Payroll for employee who has Employer PF Contribution above 7.5lakh per year
2. Check the Employer PF Contribution and Value of Perquisites (Section 17(2)) in SOE
Cause
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
Symptoms |
Cause |
Solution |
References |