GPIND: TDS Tax Calculation Explanation (Doc ID 1372347.1)

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***

Goal


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.

Solution

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