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Payroll India: New and Changed Functionalities ( RELNPY_IN_600_BGT_PTAX )

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Payroll India: New and Changed Functionalities

Use

• Budget changes 2006

• Section 80CCC deductions

• Section 80C deductions

• Professional Tax calculation for Tripura

Budget changes 2006

• Section 80CCC deductions

Earlier, under section 80CCC the maximum amount eligible for tax deduction was INR 10,000. Now, this maximum amount is not applicable. However, the consolidated limit for section 80C, 80CCC and 80CCD continues to be INR 1,00,000.

This change is incorporated in the system.

• Section 80C deductions

Now, Fixed Deposit Investments made by an employee are eligible for tax deduction under section 80C. These deductions are applicable if the Fixed Deposit is:

• For a fixed period of not less than five years

• From a scheduled bank

• In accordance with a central government framed and notified scheme

This change is incorporated in the system.

To maintain Term Deposits under section 80C Deduction use Section 80C Deductions infotype (0586).

Professional Tax calculation for Tripura

Earlier, for Tripura the system calculated and deducted Professional Tax annually.

Now, the system calculates and deducts Professional Tax every month by applying the relevant monthly tax slabs and rates.

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

Further Information

For more information on:

• Budget changes 2006, see SAP Note 962321

• Professional Tax calculation for Tripura, see SAP Note 958383

RFUMSV00 - Advance Return for Tax on Sales/Purchases   ABAP Short Reference  
This documentation is copyright by SAP AG.

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