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VV_T511K_IFDTX - Maintain Constant for Taxation of Income from Dividends

VV_T511K_IFDTX - Maintain Constant for Taxation of Income from Dividends

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In this customizing activity you can set the value of the Income from Dividend Taxation (IFDTX) payroll constant. The value of this constant must be set to ‘1’ with effect from the start of a financial year for the system to ignore the limit of income from dividends of INR 10,00,000 which is tax free and also not calculate the tax at the flat rate of 10% for the delta amount beyond this limit. When the value of this constant is set to ‘1’, the complete income from dividends irrespective of any limit, is added to the income of the employee and the income tax is calculated as per the regular tax slab rates.

  1. Execute the IMG activity.
  2. Enter ‘1’ in the Valuefield for the payroll constant.
  3. Save your entry.






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