Incorrect CTC, Total Earnings and Annual Taxable Amount on Salary Payslip Income Tax Breakup

[innomalous]

Information about bug

Hello team,

I have created 'Employee Other Income' for 2 employees in my ERPNext system for tax calculation purposes.
These entries are for income from other sources - bank interest, and other freelance income.

When I try to create a payslip, the calculations are incorrect.

Example 1:
The total monthly income in Salary Structure Assignment is ₹80,000 per month = CTC of ₹9,60,000 per year
Total income from other sources (Employee Other Income) is ₹5,90,000
Total earnings should be = ₹15,50,000 per year
As per new tax regime, Annual Taxable Amount should be ₹14,75,000

In this calculation, the CTC seems to include Income from Other sources, and then it's adding the same amount again to calculate Total Earnings.
Consequently, the Annual Taxable Amount is ₹ 20,65,000.00 instead of ₹14,75,000.00 (Difference of ₹5,90,000/-)

Surprisingly, the final tax is calculated correctly.

Example 2:
Base pay is ₹2,00,000 per month = CTC ₹24,00,000 per year
Total income from other sources = ₹81,500
Total earnings should be = ₹ 24,81,500.00 per year
As per new tax regime, Annual Taxable Amount should be ₹ 24,06,500.00

Once again, the CTC, Total Earnings, and Annual Taxable Amount are incorrect, but tax calculated is correct.

Module

HR

Version

    "erpnext": "15.48.1",
"frappe": "15.51.2",
"hrms": "15.37.2",
"india_compliance": "15.14.7",
"payments": "0.0.1"

Installation method

FrappeCloud

Relevant log output / Stack trace / Full Error Message.