on 05-03-2016 4:24 PM
Hi All,
I have maintained Car details as below 1.6lts for an employee. During PY run the value of WT /127 is 3600. It should be 1800(car perk below 1.6lts) + 900(driver perk).
I am not able to find out the gap. Please help
Thanks,
Megha
closed
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Hi guys, I am still not getting valid amount for Car and driver perks.
Can someone tell me the PC and Cumulation class for Car hiring reimbursement(paid through IT14, every month). I want to calculate car hiring and driver perk value. My WTs /3C1 and / 3C2 are not showing proper amounts. Reimbursement amount given is 10000/-.
My tables are all correctly configured. Also, or the same month employee is getting conveyance allowance also which is exempted to 1600/- per month.
Please help on the solution
Thanks in advance
Megha
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Please send a screenshot of It 583 as well as v_t7inc5.
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Dear Tania,
Thanks for sharing snapshot pls also suggest what should be the value in field VEH. PRICE: ?
The emloyee eligibility for car hiring reimbursement is 10000/month. I have maintained 120000 annually in IT589.
Pls also suggest what should be the Cumulaton class for Car hiring reimbursement.
Do I have to check against CC 24,25, 34, 32, 33?
I copied my WT from model WT M215 but seems its not getting desired result. My Car hiring reimbursement is paid monthly with full exemption. If employee fails to submit bill any month it will be taxable.
Please help
Thanks,
Megha
Hi Tania,
Due to security reasons my system doesnt let me take snapshot and paste here. Pls find the error in excel form:
PIT X024 P41 NOAB Gross input and storage |
PIT X025 P04 NOAB Gross cumulation, cost distribution |
Input |
Processing |
/101 Total gross amount |
/101 Total gross amount |
/111 EPF Basis |
/111 EPF Basis |
/112 ESI Basis |
/112 ESI Basis |
/113 ESI Basis Nominal |
/113 ESI Basis Nominal |
/118 PTax Basis |
/118 PTax Basis |
/119 PTax Basis Nominal |
/119 PTax Basis Nominal |
/124 Mon Reg Income |
/124 Mon Reg Income |
/125 Mon Irr Income |
/125 Mon Irr Income |
/130 Exemption U/S 10 |
Termination in operation ERROR |
20160195 |
X025****** ERROR |
Basic entry in IT : |
Hi Megha
Please confirm what have you maintained in IT583 and IT008 for the same.
Also attach some screenshots if possible.
Regards
Chetan Bajaj
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Hi Chetan,
I have only maintained IT583, on triggering dynamic actions when it takes me to IT0008, I dont save it and exit since employee is getting conveyance allowance by default every month in IT0008(Rs. 1600). PF details for IT583
Car Type: HONDA CITY
REG DATE: 01.01.2015
VEH. PRICE: 500000
CALC. PERK: YES
DRIVERS: 1
Couldnt attach snapshot due to some internal organization policies.
Please suggest
Thanks,
Megha
Hi Megha
You mentioned that value of /3C1 is 3600 and /3C2 is 1800 ...
Now when you hire the EE from 01.04.2016 , /3C1 /3C2 are too high like 28,800 ...
Can you please confirm again.
Please provide exact scenario i.e.
What is the value in IT0008 for basic wage type, conveyance allowance etc.
Then have you maintained in IT14 (as you have written 'Employee is getting paid Car hiring reimbursement every month through IT14. ')
Then IT583, what is the CC value
Then :
* /3C1 Ann car per
* /3C2 Ann driver
* /3C1 Ann car per
* /3C4 Conveyance
* /3C3 Convey amt
* /4E3 Conveyance
Please provide exact scenario if possible.
Regards
Chetan
Hi Megha
For the other (where it is too high)
Please provide exact scenario i.e.
What is the value in IT0008 for basic wage type, conveyance allowance etc.
Then have you maintained in IT14 (as you have written 'Employee is getting paid Car hiring reimbursement every month through IT14. ')
Then IT583, what is the CC value
Then :
* /3C1 Ann car per
* /3C2 Ann driver
* /3C1 Ann car per
* /3C4 Conveyance
* /3C3 Convey amt
* /4E3 Conveyance
Please provide exact scenario if possible.
Regards
Chetan
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