Dear Experts,
We have a requirement from Client wherein they need to use 19 mentioned points of Prerequisite on FORM 12BA in Form-16. They require suggestion from us as in which Info type they should maintain this data. I am giving option in IT 0015 by creating individual wage types for all the Nature of Perquisite value.
Form 12BA:
Nature of Perquisite Value (See Rule 3)
04 Gas , Electricity , Water
10 Gift, Vouchers etc.
11 Credit Card Expenses
I have created the wage type called Gas Electricity with number 1094 and maintained related PC - 30 as 2 and 70 as 1 and EV - 9 as 04.
I maintained the amount of Rps. 5000 in IT 0015 and ran the payroll and check the FORM 16, the values are reflected in
Value of perquisites u/s 17(2) ( as per Form No.12BA,wherever applicable ) and FORM 12BA column.
Screen shot of August payroll and form 16:
Screen shot of September payroll and form 16:
In the month of Sept, the payroll /410 is showing 348064 and /413 is showing 54516.13. But, Form 16 is showing 343064 and 59516.13.
Gross under sec 17 reduced to 5000.
Could you plz help me out.
Regards,
Vijay Kumar K.B