Sir, CTC of one of our employee consists Rs. 1800.00 as reimbursement of Petrol as his own car is used for office purpose. His CTC looks something like this:
BASIC : 60000.00 PM HRA : 24000.00 PM CONV : 12950.00 PM MEDICAL REIMBURSEMENT : RS 1250.00 PM PETROL REIMBURSEMENT : RS 1800.00 PM
All the heads have been configured properly in Tally erp 9 except Petrol reimbursement. While creating the pay head for Petrol Reimb in payroll, there is no such component reflected in the 'list of components' to configure the same. For eg: while u create a head for medical reimb, there is a component in the so called 'list of components' named MEDICAL REIMBURSEMENTS. The limits (which is Rs 15000.00 annually) is automatically specified during the computation of salary and deducted as allowance exempted u/s section 10. But, in case of Petrol Remib, there are no such components.
Needs help Regards SANDEEP KUMAR
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