Conveyance Exemption in IT

[Former Member]

Hi

Conveyance amount is not getting exempted in Income Tax calculation. Its taking the exemption till the current month.

For ex : i have run the payroll for 2 months. So 1600 (800*2) is only considering as exemption instead of 9,600.

Hope am clear.

Please let me know the solution.

Thanks & Regards

Bharathi

[Former Member]

Hi I have changed the cumulation class and i got the output.

[former_member214675]

Hi,

check whether u have considered as a regular payment or irregular payment.Check this in cumulation class ,in view v_512w_d.

If it irregular then change to regular. I think this may be the error.

Regards,

Prince Elvis

[Former Member]

Hi

Thanks for the inputs. I have changed the cumulation class. Its working fine. But now the Conveyance amount is not displaying in Form 16 under Sec.10 only for few employees. Rest of the employees its showing correct.

Please let me know what might be the problem.

Thanks & Regards

Bharathi

[Former Member]

Check the table V_T7INC7.

Have u assigned the wage types with allowance groups and vehicle types

check all the tables from V_T7INC1 to V_T7INC9

Kumar

[Former Member]

Hi,

Check the processing classes and cumulation classes for ur conveyance wage type.

PC Value

6 0

20 8

30 t

71 r

Cumulation classes to be ticked for 24 and 38

Don't select for 30,32,33

Kumar