Housing
Purpose
This component helps you create and maintain information on the employee accommodation. You can also compute the exemptions and perquisites applicable on a housing benefit.
Integration
· Income Tax
During the computation of the annual exemptions and perquisites, the Income Tax functionality also includes the exemptions and perquisite wage types of the housing functionality.
·
HRA Annual Exemption
/4E4 HRA Annual Exemption
/131 Any other Income [House Prop.IT-584] 150,000.00-
Non Metro HRA Basis = Basic * 12 months =1amount
12 months 10% = 1 amount
12 months amount of 581 -10% basic =2 amount =is Ans
/3R2 Non-metro HRA Amount Missing one month i.e march
/3R4 Non-metro HRA Basis Amt
Above 3 Rules less amount =/4e4 Amount =2000*12 = /4e4= 24000
Configuration tables
Percentage/amount for housing related constant (V_T7INR3)
Go to payroll log- Begin Gross to Net calculation-ELSE-INHRA
HRA exemption use full links
1-http://help.sap.com/erp2005_ehp_04/helpdata/en/29/22b91a0b184b9ab1015a8cd48f76a5/content.htm
2-http://help.sap.com/saphelp_afs64/helpdata/en/0d/bec6ba2cec4cf69e9ba5b43dbec440/content.htm
Cheers
Satish
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