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Change in Reimbursement process

former_member201807
Contributor
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Dear Team,

Client is using off cycle reimbursement allowance, some allowance are annual such as LTA & some allowance are monthly such as telephone. Monthly allowance are carried forward each month if the employees are not  / partially taken then balance amount carry forward to next month through t-code –(PC00_M40_REMC - Claims Balance Carry Forward ).

Now the company wants to change the pay reimbursement on below way:-

Eligibility amount: - 15000

Applied amount: - 10000

Balance amount: - 15000-10000=5000

Applied amount (10000) paid through off-cycle. These amounts are nontaxable, while given the bills.

Now the balance amount: = 15000-10000=5000 paid through regular payroll & should be taxable.

Kindly suggest!

Thank you in advance,

Regards,

Rakesh

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Answers (1)

Answers (1)

former_member182426
Active Contributor
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eligible amount is 15000

suppose i got reimbursement for 10000 in multiple times in off-cycle payroll in fiscal year

lets say in May 2000Rs, Jul 2000Rs, Aug 3000Rs, Nov 5000Rs

Now total reimbursement is 10000Rs in fiscal year.

The remaining balance 5000 (15000-10000) when it's going to be processed is it in end of the fiscal year  i.e Mar month ?

Former Member
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Hi Rakesh,

This eligibility amount 15K is monthly or yearly ? This amount giving through which IT ?

you can go for INCTX Exemption concept for your requirement.

if you give some more data any one can help you.

former_member201807
Contributor
0 Kudos

Dear Praneeth,

Please find the details:-

Eligibility amount: - 15000 per month

IT0589-

From-01.04.204 to 31.12.999

Client pay reimbursement through offcycle on monthly basis if any unclaim amount then it carry forward to next month till March. For the month of March if any unclaim amount then these amount carry goes to regular payroll through t-code (PC00_M40_REMT - Claims Balance Disbursement)

Now client wants to change the process i.e if any unclaimed amount on monthly then unclaimed amount paid through regular payroll on the same month.

Kindly suggest!

Regards,

Rakesh