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PAY_IN_SEC_88 - Configure Wagetypes for Section 88

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Contributions or investments made under Section 88 are considered as rebates from the total tax payable by the employee. By assigning a wage type, we ensure that the annual value of the wage type along with the entries made in Section 88 Deductions infotype (0586) becomes eligible for rebate from tax payable otherwise for the specified investment.

More than one wage type can be associated with the same investment type by using the sequence number field.

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