Skip to Content
author's profile photo Former Member
Former Member

Tax calculation issue - India

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.

Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 06:16 AM

    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

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.