Bonus Amount Taken For Two Times Salary Under Section 17
Last updated on JANUARY 10, 2017
Applies to:Oracle HRMS (India) - Version 126.96.36.199 and later
Information in this document applies to any platform.
Bonus amount taken for two times in the Salary under Section 17.
It shows excess amount and hence the tax calculation for the employees are affected. The Bonus element is processed in Process Separate Run Type.
1. Regular run - It excludes the bonus element
2. Process separate: It processes only the bonus element
3. Cumulative run: It process the regular salary and bonus element.
In the process separate, the system processes the bonus element two times and Form16 information also shown two times.
Looks like system has calculated the bonus amount in the regular run and process separate.
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