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Car and driver perk value error

Former Member
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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

Accepted Solutions (0)

Answers (4)

Answers (4)

Former Member
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closed

Former Member
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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

Former Member
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Please send a screenshot of It 583 as well as v_t7inc5.

Former Member
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Hi Tania,

My values for t7inc5 is:

Seq NoDateAMT OYAmount othersNumb FLDUnit FldCurrency
931.12.99992,400.002,400.0018Cubic CentimetersINR
1031.12.99991,800.001,800.0014Cubic Centimeters

INR

Former Member
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For IT583, I have maintained:

Conveyance type: COCS Employer maintained

Calc perk: tick marked

car type: honda city

reg date: 01.01.2016(employee hiring date is 01.04.2016)

veh price: 10000( i have kept it same as eligibility of employee in IT589)

number of drivers: 1

please help

thanks

Megha

Former Member
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Have a look at the attached screenshot of the same table from my system, you can try replicating this in your Dev system and see if it resolves the issue.

Former Member
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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

Former Member
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Which Veh. Price are you referring to? Have you tried updating the table? Is your original issue resolved?

Former Member
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Vehicle prive we maintain in IT583 and I mainatned table T7INC5 as you suggested but ten my PY is giving another error as :

Termination in operation ERROR

20141195

X025******         ERROR

Basic entry in IT :

Hence, not able to check the value for /3C1 and /3C2

Former Member
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Please double click on the processing of X025 and send a screenshot of the error.

Former Member
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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 :
Former Member
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It is saying error in X025 for technical WTs but I cant change processing class for any technical WT, why is it happening? Pls suggest

Thanks,

Megha

Former Member
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What is the value of processing class 04 for /130?

Former Member
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It is blank..

Former Member
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Do you know why /130 gets created? It is unrelated to the Perk issue I think. Are you certain this error crops up simply after changing v_t7inc5?

Former Member
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I am still not able to run PY, once that error is rectified I will run and get back to you

chetan13
Product and Topic Expert
Product and Topic Expert
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Hi Megha

Please confirm what have you maintained in IT583 and IT008 for the same.

Also attach some screenshots if possible.


Regards

Chetan Bajaj

Former Member
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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

Former Member
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To add on the info.....

Employee is getting paid Car hiring reimbursement every month through IT14. Employee eligibility is  Rs. 10000/month.

chetan13
Product and Topic Expert
Product and Topic Expert
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Hi Megha

Which Conveyance Type you are using.

Also, what are the values of /3C wage types in payroll.

Regards

Chetan

Former Member
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I am using COCS(employer maintained) and value for /3C1 is 3600 and /3C2 is 1800 which is exactly double of the actual expected perk values(car perk 1800 & 900 for driver).

Can you guess what is wrong with it.

Thanks,

Megha

Former Member
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I hired employee from 01.04.2016 and in his PY run the value for /127, /3C1 and /3C2 are way too high like 28,800....

Please suggest why is it happening.

In all my WT I havent marked any cumulation class 27.

Thanks,

Megha

chetan13
Product and Topic Expert
Product and Topic Expert
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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

Former Member
0 Kudos

Hi Chetan,

I checked for two employees and for one it is giving car perk value 3600 with driver perk value as 1800. with other its showing way too high.

chetan13
Product and Topic Expert
Product and Topic Expert
0 Kudos

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