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spay:hrmsprocguide:edf_adjustment_during_the_fiscal_year [2025/12/11 16:11] mclement |
spay:hrmsprocguide:edf_adjustment_during_the_fiscal_year [2026/02/03 09:07] (current) ndomingue |
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| * 3c → **13 ** represents the fiscal year running from July to June, which counts 13 months because it includes the end-of-year bonus. | * 3c → **13 ** represents the fiscal year running from July to June, which counts 13 months because it includes the end-of-year bonus. | ||
| * 3d → **0 ** indicates that there is no EDF adjustment for previous months. | * 3d → **0 ** indicates that there is no EDF adjustment for previous months. | ||
| - | * 3e → **15,833.33 * 1** corresponds to the total exemption of Rs 190,000 from the new EDF submitted in August, spread over the remaining 12 months of the fiscal year (from August to June). | + | * 3e → **15,833.33 * 1** corresponds to the total exemption of Rs 190,000 from the new EDF submitted in August, spread over the remaining 12 months of the fiscal year (from August to June) which counts 12 months because it includes the end-of-year bonus. |
| * Step 4: Ensure that the **Chargeable Income** correctly corresponds to the difference between the Total emoluments (including Taxable benefits) and the less Reliefs and Exemptions. | * Step 4: Ensure that the **Chargeable Income** correctly corresponds to the difference between the Total emoluments (including Taxable benefits) and the less Reliefs and Exemptions. | ||
| * Step 5: Check the **Tax Charged (PAYE) ** from the Tax on Progressive Scale table. | * Step 5: Check the **Tax Charged (PAYE) ** from the Tax on Progressive Scale table. | ||