Withholding Tax deduction problem

[Former Member]

Hi,

If we change the Withholding tax Base amount in withholding tax tab while entering any invoice or payment, we are putting the required value in all Withholding tax types. After the simulation the TDS values are coming wrongly as explained below

Bill value 1,10,000

TDS to be deducted 1,00,000

TDS @2.266% 2,266

In all 4 (Tax,SC,Cess,EduCess) W/hold Tax types we are putting 1,00,000

The out put

TDS is 1,00,000 2,000

SC @10%is 1,00,000 10,000

Cess @ 2% is 1,00,000 2,000

EduCess@1% 1,00,000 1,000

Total TDS 15,000

Note: We have not selected the "Acc W.tax to max." in W/hold Tax types

Pls suggest.

Prakash.

[Former Member]

thanks

[Former Member]

Hi,

I think, you have not assigned withholding tax types with portray dependencies in 'Calculations - Withholding Tax Base Amount - Portray Dependencies Between Withholding Tax Types. Here you have to declare which tax type is dependent on which tax.

Try once and let us know.

Regards

Sarma BH