Hi Experts,
I have an issue with the Form 24Q Amount Paid column whenever the Perk is paid. Please find below the scenario and please help me out to fix the same asap.
Scenario:
When the Employee paid the Award Perk of 10000/- rs in the Apr'2015 with the monthly gross of 55000/- , the Amount Paid in the F24Q will be 55833.33 rs (55000 + 833.33) in Apr where as 833.33 = 10000/12. The WT of /4MI calculate as 54924.24 from May'2015 onwards to equalize or compensate the Apr'15 Value i.e 55000 - 75.75 = 54924.24 (75.75= 833.33/11) . The same will effect up to the financial year end till equalize the value with WT /416 which is 660000/-.i.e ( 660000 = 55000 * 12 ).Please find below the Amount Bifurcation of F24Q . Find below the screenshot of the F24Q and RT table of Mar 2016.
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
RT table of Mar 2016:
But the user was saying that whatever the Perk paid in IT0015 , in F24Q it should come only 55000 in every month. ,i.e Monthly gross. Please revert me for the solution asap.
Apr
2015 = 55833.33
May
2015=54924.24
June
2015 =54924.24
July
2015 =54924.24
Aug
2015 =54924.24
Sep
2015 =54924.24
Oct
2015 =54924.24
Nov
2015 =54924.24
Dec
2015 =54924.24
Jan
2016 =54924.24
Feb
2016 =54924.24
Mar
2016 =54924.24
Total
= 660000/- (WT /416)