EAP: How is India Withholding / TDS Amount Calculated and Rounded when Surcharge and Cess are Involved? (Doc ID 2203387.1)

Last updated on NOVEMBER 15, 2016

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

How is Withholding calculated in below scenario:
 

Steps:
--------
1) Withholding Rule is configured as Percent Withheld as 10%, Additional Surcharge as 2% and Additional Cess as 3%.
2) Withholding Entity is configured with Round Option as "Round Up".
3) Create a Voucher for INR 24,990.00 .
4) Run Voucher Post.
 

Solution

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