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Tax calculation issue - India

Posted on Nov 30, 2007 at 05:00 AM 17 Views

Hi All,

We have an issue in calculating tax for India.

An amount of 3,09,488/- is paid to an employee thru Offcylce. The tax calculated for this amount from SAP is as follows:

/4MT = 90,142.09

/4MS = 9,014.22

/4ME = 1,983.13

/4MH = 991.56

But as per the client requirement, the actual calculations should be as follows:

/4MT = 92,846.40

/4MS = 9,284.64

/4ME = 2,042.62

/4MH =1,021.32

Plz anyone suggest whether SAP calculations shown above are right or not.

If it is wrong, plz advice how to correct it.

Helpful points will be rewarded.

Regards,

shyam.

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    author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 06:16 AM
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    Hi Shyam,

    Check the Off cycle TDS percentage in V_T511K.

    As per your client requirement, it seems that TDS should be 30% on 3,09,488/-.

    If you change the TDS percentage in this table you can get the desired amount.

    Regards,

    Navya

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