What is 'lakh' in SAP PY-IN-PS - INDIA PUBLIC SECTOR?

lakh - Overview

• Component: PY-IN-PS

• Component Name: INDIA PUBLIC SECTOR

• Description: A unit of the Indian counting system used to represent 100,000 for example, one lakh Indian rupees = INR 100,000.

lakh - Details

• 
  Key Concepts: 
  Lakh is a term used in India to refer to 100,000 units of a currency. In the context of SAP PY-IN-PS INDIA PUBLIC SECTOR, lakh is used to refer to 100,000 Indian Rupees. 
  
  How to use it: 
  In SAP PY-IN-PS INDIA PUBLIC SECTOR, lakh is used to denote the amount of Indian Rupees that are being paid out or received. For example, if an employee is receiving a salary of 1 lakh Indian Rupees, this would be entered into the system as 100,000. 
  
  Tips & Tricks: 
  When entering amounts in lakhs into SAP PY-IN-PS INDIA PUBLIC SECTOR, it is important to remember that the amount should be entered in Indian Rupees and not in any other currency. 
  
  Related Information: 
  The term lakh is also used in other countries such as Pakistan and Bangladesh. In these countries, the term lakh refers to 100,000 units of their respective currencies.