India Income Tax Calculation Proration Not Working Correctly
Last updated on JUNE 12, 2017
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.
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