Alternate Financial year(AFY) in Indian Payroll

[former_member212348]

Hi All,

I am facing a strange problem in my payroll configuration. I activated business function for AFY and now Income tax should get calculated from March to Feb. I have necessary config for AFY including payroll period & control record. Now in my system period 1 of 2013 is equal to 01.03.2013 to 31.03.2013 & period 12 is 01.02.2014 to 28.02.2014.

I hired an employee on 01.03.2013 & trying to run payroll for whole financial year i.e. march 2013 to Feb 2014.

I noticed a discrepancy while calculating gross salary & professional tax while it calculates IT.

In March 2013 (012013) payslip monthly gross & Ptax are getting multiplied by 12

In April 2013 (022013) payslip monthly gross & Ptax are getting multiplied by 12. In March & April there is no issue.

But after that from May 2013 (032013) onward monthly gross & Ptax are getting multiplied by 11 for calculating IT which is very strange & I am not able to find the issue.

I also checked projection factor and /401 is giving accurate value only.

Pls help me with this as this highly important for my project.

Thanks & regards,

Arka

[Sanky]

Hi Arka,

I think you are saying wrong.

In the March/2013---/401 will be hold the value 11

in the April/2013----/401 will be hold the value 10

in the May/2013----/401 will be hold the value 9.

Check and tell me.

Regards,

Sankarsan

[former_member212348]

Hi Sankarsan,

/401 holding the same values that you mentioned above.

[Sanky]

Hi

If /401 is correct then there should not be any problem.

Run payroll for March 2014 & April 2014

Share the screenshot of RT result and CRT result of WT/124 & /125 for Gross Salary.

Regards,

Sankarsan

[Former Member]

Arka,

What's the value holding out for /401 in RT?

Anil