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Former Member
Sep 05, 2008 at 05:19 AM

Withholding Tax deduction problem

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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.