Employee National Pension Scheme (NPS) Contribution Deducting More In New Tax Regime After Budget Patch (36905378, 36814046)
(Doc ID 3070425.1)
Last updated on FEBRUARY 04, 2025
Applies to:
Oracle HRMS (India) - Version 12.2.10 and laterInformation in this document applies to any platform.
Symptoms
As per latest budget rules, NPS Employee Contribution should be 10%
The issue can be reproduced at will with the following steps:
1. Apply budget patch (36905378, 36814046)
2. Login to India HRMS Manager Responsibility
3. Navigate to People--> Enter and Maintain
4. Query the Employee and click on Assignment button
5. Click on Entries and tag NPS Information element to employee element entries. Make sure NPS org classification is Central government.
6. Run Quickpay and check Statement of Earning Report (SOE)
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |