Good day experts,
Say for WH tax type A1 and WH tax code 01
I want to configure this
for base amount from 0 to 1500 USD a tax rate of 10%
for base amount 1501 to 2500 USD a tax rate of 20%
but this rate should apply for the whole base amount, that means if i have the base amount of 2000 the WH tax amount should be 200
I tried using "Define formulas for calculating WH tax" but I just don't get what expected because it is always considering the first scale.
I hope I'm clear with the requirement, if not please let me know
Thank you very much for the assistance.
Regards,
Antonio
HI,
If base amount is 2000 then you expect 200 or 400?
B/R
Prashant Rane
HI Antonio,
Please maintain the below.
Tax type : A1
Selection Accumulation option
starting month :1
Tax Code: 01
don't maintain the rate
click checkbox : Withholding tax Form
SPRO --> Define formula's for withholding tax calculation
here maintain
A1 01
slab wise maintain the rates.
Regards
Madhu M
Hello again,
In the example, using accumulative per month or no accumulation:
if I configure the formula of WH I indicate:
Base Amount WH tax Reduct. bas. amt
1500 10% 0
2500 20% 0
Then, the tax amount calculated for 2000 is (2000x20%) + (1500x10%) = 550
If i configure with reduction base amount
Base Amount WH tax Reduct. bas. amt
1500 10% 0
2500 20% 1500
Then the tax amount calculated for 2000 is (2000-1500)*20% + 1500*10% = 250
I expect that for 2000 the tax amount would be 400
(just in case, the numbers I used for the example are just for clarify the situation, real situation are with another percentages and base amounts)
Thank you very much for your time!
Regards,
Antonio
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