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Alternate Financial year(AFY) in Indian Payroll

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Hi All,

 

I am facing a strange problem in my payroll configuration. I activated business function for AFY and now Income tax should get calculated from March to Feb. I have necessary config for AFY including payroll period & control record. Now in my system period 1 of 2013 is equal to 01.03.2013 to 31.03.2013 & period 12 is 01.02.2014 to 28.02.2014.

 

I hired an employee on 01.03.2013 & trying to run payroll for whole financial year i.e. march 2013 to Feb 2014.

 

I noticed a discrepancy while calculating gross salary & professional tax while it calculates IT.

 

In March 2013 (012013) payslip monthly gross & Ptax are getting multiplied by 12

In April 2013 (022013) payslip monthly gross & Ptax are getting multiplied by 12. In March & April there is no issue.

 

But after that from May 2013 (032013) onward monthly gross & Ptax are getting multiplied by 11 for calculating IT which is very strange & I am not able to find the issue.

I also checked projection factor and /401 is giving accurate value only.

 

Pls help me with this as this highly important for my project.

 

Thanks & regards,

 

Arka


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