India Income Tax Calculation Proration Not Working Correctly
Last updated on MAY 10, 2018
Applies to:Oracle HRMS (India) - Version 12.0.2 and later
Information in this document applies to any platform.
Oracle HRMS India - Version: 12.0.2
In Income Tax calculation, Proration is not taken care for employees who joins the company on the last week of the month
Example: An employee joins in the Organization at the end of the month(26-DEC-2008) and his CTC is more than 2 lacs.While running the payroll for this employee net pay is showing as negative value ,As tax deducted in the September month is more than the net salary payable.
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