Retro pay.
We are processing retro for Tax deduction for an yearly allowance. The Enhanced retro is not calculating the TAx amount for the yearly allowance. any reason why...
Eg. Employee gets housing on yearly basis. from jan to dec 100,000/- this is increased to 125,000/- from 1st oct 2008. we need to deduct 5 % in retro for the 25000 * 3/12 * 5 %
system is not calculating this. We have retro for Tax element, but no retro for Housing as we recalculate for the whole period.
Thanks for your inputs. Ram.