Last updated on OCTOBER 03, 2016
Applies to:PeopleSoft Enterprise HCM Global Payroll India - Version 9.1 and later
Information in this document applies to any platform.
***Checked for relevance on 25 Mar 2015***
***Checked for relevance on 14 October 2013***
1. The customer's Legacy System which was used earlier calculated the TDS as:
TDS = (a+b+c...12 mths TDS amt)/12
Where a, b, c are monthly TDS amounts
2. PeopleSoft Global Payroll India calculates the TDS as:
TDS = (a x 12 mths)/12
Where a is monthly TDS amount
3. The customer pointed out that the average TDS value as per the Legacy system and as per Global Payroll India is calculated as different amounts.
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