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Function documentation Form No.12BA  Locate the document in its SAP Library structure

Use

This report is a statement showing particulars of:

·        Perquisites

·        Other fringe benefits or amenities

·        Profits in lieu of salary with value

This report displays, for a Nature of perquisite:

...

       1.      Value of perquisite as per rules

       2.      Amount, if any, paid by employee

       3.      Amount of taxable perquisite

Amount of taxable perquisite, for a Nature of perquisite, is assigned to a Specification between 1 to 17 of the Evaluation Class 9.

Amount, if any, paid by employee, for a Nature of perquisite, is assigned to a Specification between 31 to 47 of the Evaluation Class 9. For a perquisite, the Specification for Amount, if any, paid by employee will be 30 added to the Specification for Amount of taxable perquisite.

Value of perquisite as per rules is the sum of the amounts in Amount, if any, paid by employee and Amount of taxable perquisite.

Integration

·        The Amount of taxable perquisite for Total value of profits in lieu of salary is displayed in the first page of Form 16 under Gross Salary, as Profits in lieu of salary under section 17(3).

·        The Amount of taxable perquisite for Total value of perquisites is displayed in the first page of Form 16 under Gross Salary, as Value of perquisites u/s 17(2).

Example

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       1.      For the perquisite Credit card expenses, the Amount of taxable perquisite is stored in the Specification 11 of Evaluation Class 9. The Amount, if any, paid by employee will be stored in the Specification 41 (11 + 30) of the Evaluation Class 9. If the Amount of taxable perquisite is Rs.1000 and the Amount, if any, paid by employee is Rs.300, then the Value of perquisite as per rules is Rs.1300 (Rs.1000 + Rs.300).

       2.      For the perquisite Accomodation, the Amount of taxable perquisite is calculated by the system and is stored in the Perk value:housingwage type (/3RB). The system transfers this amount from the wage type to the Specification 1 of Evaluation Class 9. The Amount, if any, paid by employee is calculated by the system and is stored in the Negative diff.Rent & CLA wage type (/3RI). The system transfers this amount from the wage type to the Specification 31 (1 + 30) of the Evaluation Class 9. If the Amount of taxable perquisite is Rs.60000 and the Amount, if any, paid by employee is Rs.1200, then the Value of perquisite as per rules is Rs.72000 (Rs.60000 + Rs.12000).

See also:

Print Program for Form 16

 

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