Question from amol_wagh on Mar 7 at 6:15 AM Hi,
There is urgent issue related to 'Form 16' need to be solve on urgent basis. issue is been explain in below.
Here the client does not use IT 587 for PF deduction, they have a wage type in IT 0014 ( 5076 GPF). PF contribution is 6%, but they can also contribute as per their choice. Some employees have fixed amount deducted every month while some prefer only 6% ( Basic + Grade Pay). Now when they are trying to generate Form - 16, the out put given is incorrect. I can give an example here :
Emp monthly contro for PF - 2000 /-(fixed amt). When I check PC_PAYRESULT, the RT & CRT shows the correct details, but S88 shows the following result :
April 2011 - Nil
May 2011 - 4,000
June 2011 - 8,000
July 2011 - 12,000
Aug 2011 - 16,000
Sept 2011 - 20,000
Oct 2011 - 24,000
Nov 2011 - 28,000
Dec 2011 - 42,000
Jan 2012 - 46,000
Feb 2012 - 20,000
And the above amount (20,000) is shown in Form 16 under Contribution for PF, where as it should be 22,000 (Please find attached the screen shot for the same)
This same problem is faced for all employees here.
In Nov 2011, there was a patch update done and the PF contribution was shown double. In Table V_T7INIA, there was double entry for Contribution to Recognized Provident Fund as per standard rule, but as here there is only employee contribution, we deleted one entry in Feb 2012 and that problem was solved. But now after running payroll for Feb, we are facing this issue.
Pl guide.
Regards,
Amol
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