GPIND: TDS Tax Calculation Explanation
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.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms