Hi,
There is a requirement from my client to tax gift perk after Rs.5000/-. Also, this gift perk will be paid to the employee several times a year. So the employee may receive gift perk of 10000 over the period of one year, but should get exemption of Rs.5000/- only. Also, this gift perk is paid outside the system, so should not be shown in payslip but should be considered for taxation and appear in form 12 BA
I have created two wage types -
9GIF - gift perk (original) and 9GFT - gift perk taxable. 9GIF will be paid in IT0015 and 9GFT will be the amount which will be paid to employee after deducting tax.
I have written below PCR - ZGIF, but it does not consider the perk amount paid several times a year.
ZGIF Calculation of gift perk
*
9GIF Gift perk (orig.)
ELIMI * Elim.time period ID
AMT-KZGIFT Subtraction
ADDWTE* RT Results table
ADDWT 9GFT OT Output table
FILLF A Fill amt/no/rate
RESET * Set time period ID
ADDWT * OT Output table
3
9GIF Gift perk (orig.)
ELIMI * Elim.time period ID
AMT-KZGIFT Subtraction
ADDWT 9GFT OT Output table
FILLF A Fill amt/no/rate
RESET * Set time period ID
ADDWT * OT Output table
please help me correct the PCR and get the output as per requirement.
Thanks,
Poonam