TAX ON BONUS

[Former Member]

Hi friends,

Please help me out in the following scenario.

1. Configuration has been done for off-cycle payroll run

2. Created wagetype for bonus and included in table V_T7INA9 as per the allowance grouping of the employee

3. Wagetype maped for Tax Code SBON in table V_T7INT9.

4. In table V_T511K value for BNTDS maintained as 30%

5. Infotype 0267 maintained with bonus amount.

When running through off-cycle it's working fine and also deducting 30% of tax at source for all the employees grouped under allowance grouping. But we want different rate of tax to be deducted for the employees comes under one allowance grouping.

I mean 30% for the employees who is getting bonus Rs 50,000/-

20% for the employees getting bonus Rs 25000/-

Because employees comes under 1 allowance grouping is being paid with different bonus amt.

How can we handle the situation please guide me.

Regards

Mohan

[sikindar_a]

Mohan Reddy

does the system caluculates the bonus

mean 30% for the employees who is getting bonus Rs 50,000/-

20% for the employees getting bonus Rs 25000/-

confirm

[Former Member]

Hi,

In table V_T511K value for BNTDS maintained as 30%

so system will deduct 30% tax on bonus for all the employees irrrespective of the amt whether it is Rs 50k or it is 25K

If bonus amt in IT 0267 is Rs 50000 then tax will be 30% of that amt i.e Rs 15000

If bonus amt in IT 0267 is Rs 2000 then tax is Rs 600 @ 30%

but we want different rate of tax to be deduct at source for individual employees. Shall we maintain the seperate % rate of tax for individual employees?

[Vivek_V]

Hi,

There is no standard way to achieve this requirement. Only way I can think of is to use Exit "EXIT_HINCALC0_008" (Enhancement HRINCBTD) in order to modify the Tax Rate as per the amount of Bonus.

VK

[sikindar_a]

Hello VK

Seems Busy these days

[Vivek_V]

Yeah got a lot to do as the project is closing. How's everything at your end.

VK

[sikindar_a]

Currently

in Dubai issues raised by the client has been soreted out just some other activities are left

ur contributions for the forum is must Vivek Good Explanations

and people like us can get some more knowlege from it

As i belive Every one is Great and we have to learn from others (and we are one among them)

[Former Member]

Hi Theja,

If we post deduction amount in MVT0, MVT1 under 0014 infotype,

Can we do this by modifying PCR's? Please throw some light on the issue.

[Former Member]

Thanks to all.

Problem got solved.

[sikindar_a]

Wht abt PCL in V_512w_D PCL70 and 71

oh wait different rate of Taxes ????

Edited by: Sikindar on May 5, 2009 6:46 PM

[Former Member]

Hi Friends,

Any updates please...