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PAY_IN_TRAP_200 - Assign Tax Code Limits to Wage Types

rdisp/max_wprun_time - Maximum work process run time   Vendor Master (General Section)  
This documentation is copyright by SAP AG.

In this activity, you assign the tax code limits, wage types and other criteria to a tax code. This value is taken into account when calculating the employees tax liabilities on certain benefits.

Employees who claim Children's Education Allowance benefit from tax exemption at Rs. 50 per child.

Similarly, employees who claim exemption on Medical allowance (Tax code SMED) benefit from tax exemption of up to a maximum of Rs. 15,000.

These tax limits or rates and other details are used for verification during a payroll run.

#NOTE: Custom tax exemption limit: You can maintain customer specific tax exemption limit in this field, for customer-specific tax exemptions. Allowance / Reimbursement taxation treatment INCTX function reads this field to determine the Tax exemption limit. In case both the Tax limit and Custom tax exemption limit field are maintained for the tax code (SEXM) then INCTX function reads the value maintained in the Custom tax exemption limit field.

1. Enter the wage type in the Wage type field.
2. Enter the type of tax in the Tax type field.
3. Enter the frequency in the Frequency field.
4. Enter the tax limit in the Tax limit field.
5. Enter the tax code in the Tax code field.
6. Enter the currency in the Currency field.
7. Enter the start and end dates for the period.
8. Enter the Custom tax exemption limit.
9. Save your entries.

TXBHW - Original Tax Base Amount in Local Currency   Vendor Master (General Section)  
This documentation is copyright by SAP AG.

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