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2310719 - Form 217 2A Change of limits for salary

Symptom

  • Change of Limits for form 217 2A report as per Budget Rule from year 2011 onwards
  • According to the new legal changes, it should be Rs. 60,00,000 (sixty lakh rupees) for Annual Salary and Rs. 5,00,000  (five lakh rupees) for Monthly Salary.

  • In the Companies (Particulars of Employees) Rules, 1975 (hereinafter referred to as the said rules), in rule 1A, -
    (i) in clause (a), for the words "rupees twenty-four lakhs", the words "sixty lakh rupees" shall be substituted;
    (ii) in clause (b), for the words "rupees two lakhs", the words "five lakh rupees" shall be substituted.


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Environment

  • Human Capital Management (HCM)
  • SAP ERP Payroll India
  • SAP R/3
  • SAP ERP Core Component
  • SAP ERP
  • SAP enhancement package for SAP ERP
  • SAP enhancement package for SAP ERP, version for SAP HANA

Product

SAP ERP Central Component all versions ; SAP ERP all versions ; SAP R/3 Enterprise all versions ; SAP R/3 all versions ; SAP enhancement package for SAP ERP all versions ; SAP enhancement package for SAP ERP, version for SAP HANA all versions

Keywords

REPORT HINCF2170, LACS,FORM 217(2A) , KBA , PY-IN , India , PY-IN-PS , Public Sector , PA-PA-IN , India , Problem

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