on 07-21-2014 6:51 PM
This is Naresh,
Currently I am in support project,i got one issue can any one help me.
Issue is related to section 80 CC D (New pension scheme),i don't have any idea about this,what is the /3i5,/3i6 wage types,may i know where exactly all these process happening and which functions & which tables we have to check.
Advance thanks to all
Hi Naresh,
The Wage Type which you are referring /3I5 and /3I6, actually these wage type are Contribution toward NPS from Employee and Employer.
/3I5: Contribution towards NPS from Employee. This data will be maintained Under IT0585 under deduction Contribution to Certain Pension Funds.
/3I6: Contribution towards NPD from Employer: This data will be maintained under IT0587.
/3I5: This data is gettng processed under function INS80 and the basis wage type for calualting /3I5 is /143.
/3I6: This data is getting processed under function INS88 and the basis wage type for calculating /3I6 is /144.
The exemptin amount from /3I5 will be a part of 150000 but the exemption amount from /3I6 is above 150000.
hope this will help you.
Thanks & Regards
Saroj Hial
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Dear,
I request you do not think about wage type and info type. First you have to understand the NPS calculation and impact in Income tax Calculation. Explain me these thing giving a simple example.
Regards
B M Subhedar
9158881202
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Hi Naresh,
Please check the Note 1942663. The NPS contribution for Employees was redone using this note.
The /3I5 wagetype is the Employee NPS deduction and /3I6 is the Employer NPS deduction. Please also check the Wage type /143 and /144 as they are the basis wage types used in NPS calculation.
Best Regards,
Aman
AGS
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Hi Aman,
Can you please let me know for any changes that have redone for Section 24 for an info type 584.
when we maintained 200000 Its not coming under income hd salary
The same issue is facing by another consultant tooo in the thread could ytu please let me know
Passing sleepless night as we need to execute payslip in another two days
Hi Aman,
I am very thankful to your valuable reply.
1.May i know how exactly /3i5 & /3i6 processed and where it will be updated.
2.I want to know Exemption wage type for NPS Scheme.
3.In my requirement Employee & Employer contribution paid by Employer itself,Exemption getting less amount compare with actual deduction.
This is the high priority issue please guide me Aman,
Advance Thanks.
Best Regards ,
S V Naresh
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