EAP: Withholding Amount Is Not Calculated Correctly For TDS Withholding
(Doc ID 2380136.1)
Last updated on MAY 01, 2023
Applies to:
PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Goal
Withholding is not calculating as per the exempted rate on the bellow scenario:
STEPS
1. From Rs 0 to 50000 the TDS rate @ 1.5%.
2. From Rs 50000.01 to 99999999 TDS rat @ 10%.
3. Two business units/ two withholding entities.
4. For both the Business units/withholding entities using same vendor id-0000003600.
5. For both the business units/withholding entities the Withholding Jurisdiction is Bangalore.
6. For both the business units/withholding entities, withholding code is same - 194J+.
7. Created Voucher 1 on IND01 with 10000 - TDS Calculated = 150
8. Created Voucher 2 on IND01 with 10000- TDS Calculated = 150
9. Created Voucher 3 on IND01 with 20000- TDS Calculated = 300
10. Created Voucher 4 on IND01 with 11000- TDS Calculated = 1100 ------- The expectation was the system to calculate 1.5% till 50000 and 10% on remaining 1000.
11. Created Voucher 5 on IND03 with 1000- TDS Calculated= 15 -------- The expectation was the system to calculate 10% instead calculated 1.5%.
Solution
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In this Document
Goal |
Solution |
References |