Introduction

A deduction is defined as sum or amount deducted or allowed to be deducted, the process of taking away an amount or a part of something from a total, or the amount that is taken.

An example of a deduction is what is taken out of your payroll check for income taxes.

Data Table

Procedure

Data Definition

• Sr. No: Defines the serial no of the line item.

• Deduction Code:

• Deduction Name:

• Subledger Type:

• Account Code:

• Remitted To:

• IFSC Code:

• Account Number:

• Description:

Steps to fill data

Validations

Do’s and Don'ts

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• Identify Deduction list that exists at a State level.

• Download both the attached template and to updated all the details as per the above information in the empty template provided. The sample data template can be used as a reference to fill in the data.

• Read through all the information above before updating the template with relevant information.

Validations

• All the fields with * sign are mandatory to be filled in. Without this information, the system configurations cannot be executed.

• Deduction Code should to be unique.

• The format of the Account Code to be 7 to 9 digits numeric and unique no repetitive code should be entered.

• The IFSC code should consists of 11 digit alphanumeric (Example ICICI0XXXX97).

Attachments

• Refer to “Deduction” in the uploaded template.

• For sample data reference, refer to the uploaded “sample date” file.