3793737 - Form 24Q Amount paid/credited(/4MI) amount differs from /4MI calculated formula

• Form 24Q Amount paid/credited /4MI amount  differs from /4MI calculated formula
• When generating Form 24Q, the Amount Paid/Credited value differs from the salary slip for some employees.
• The Form 24Q Amount Paid/Credited is sourced from technical wage type /4MI (Monthly Amount Paid).
• It is unclear how /4MI is calculated during payroll, not matching with the formula
  /4MI = {( /416 -/125 - sum of previously paid /4MI's - Perks cumulated into /PRK in current month) / (401+1)} +/125 + Perks cumulated into /PRK in current month
• A discrepancy is observed between monthly Gross Salary and the Amount Paid/Credited.

• Human Capital Management (HCM)
• 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

Form 24Q, /4MI, Monthly Amount Paid, Amount Paid/Credited, discrepancy, payroll india, retro calculation, INMWT, 40MWT, /416 Gross Salary, projection factor /401, INTAX, wage type, T511K, PE03 , KBA , PY-IN , India , PA-PA-IN , India , PY-IN-PS , Public Sector , How To