Hi,
Facing the below issue ,
Employee declare Investment (section 80) under the head of "Medical Insr Premium(Payment on behalf of parents non-senior Ctz”
There are cases of Voluntary Group medical Ins. top ups for Parents which are maintained in IT 57 under one of the Wage Type (screen shot of processing, cumulation and evaluation class of wage type attached) . For deduction purpose, this WT is mapped with "Medical Insr Premium(Payment on behalf of parents non-senior Ctz”
When associate declares amount as per above and have opted for Group Medical Ins top up as per 02 above, and if amount crosses max deduction value, system should restrict deduction to maximum value however currently system is not restricting deduction to maximum value but it is giving benefit over and above maximum deduction value.
Following example of the issue
Head | Limit | Actual Contribution | Deductible Amount |
---|---|---|---|
Medical Insr Premium(Payment on behalf of parents senior citizen) | 30000 | 28067 | 28067 |
Medical Insr Premium (Non-Senior Ctz) | 25000 | 10028 | 10028 |
1Medical Insr Premium(Payment on behalf of parents non-senior Ctz) | 25000 | 21600 | 1993 |
Total | 59695 | 40028 | |
For above case amount to be deducted is 40,028 howevre system is deducting 59,695.
Please help.