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IN : Incorrect Medical Premium Exemption When Premium For Parents Is Paid (Doc ID 3043347.1)

Last updated on DECEMBER 04, 2024

Applies to:

Oracle HRMS (India) - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

Incorrect Medical Insurance Premium (80D) Exemption in income tax calculation in salary.

When 'Premium for Parents' is paid then 'Medical Expenditure for Senior Citizens (Parents)' should not be considered for tax exemption in Total Chapter VI A Deductions in Statement of earnings.

The issue can be reproduced at will with the following steps:
1. Navigate to Employee Self Service Responsibility > Tax Declaration > Deductions under Chapter VIA.
2. Declare Medical Premium (80 D) along with 'Premium for Parents' and 'Medical Expenditure for Senior Citizens (Parents)'.
3. Run Quickpay  and go to View > Statement of earnings.
 

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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