on 06-05-2009 11:01 AM
now my client is implemention Extended withholding tax. i done configuration extended with holding tax in sap. I create one with holding tax code 20%. Now my client requirement is TDS Percenetage value is 20%, education cess rate is 10% on tds value (20%, Education cess is 2%) surcharge is calculation on the total value * 3% can u tell me what are the config steps in sap.
Tds rate : 20% 20
Surcharge : 10% on 20 above code (20 * 10/100 = 2) 2
Edct cess : 3% on 22 (20+2) 0.66
22.66
i know how to create with holding tax code after thar u tell me in sap
Hi,
Create 3 WHT types and WHT codes, one each for TDS, Education cess and Surcharge respectively. Maintain these calculations for the tax codes -
Tax code 1 (TDS) -
Base amount / percentage subject to tax = 100%
Calculation W/T rate = 20%
Tax code 2 (Education Cess) -
Base amount / percentage subject to tax = 20%
Calculation W/T rate = 10%
Tax code 3 (Surcharge) -
Base amount / percentage subject to tax = 22%
Calculation W/T rate = 3%
Assign the WHT type and WHT codes to the vendor master.
Regards,
Mike
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Hi,
You can also refer the below link for more details:
http://www.sapficoconsultant.com/
Give your name, email address and phone number. Click submit button to see the EWT details.
Regards,
Kannusamy S
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please go through the below link,
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Hi ,
Please follow the below mentioned steps for this issue.
Steps:
1. Define Withholding Tax Type for Payment Posting
Here create Withholding Tax Type for Payment Posting. (Assumed WT is to be deducted at the time of making payments to vendors). You can also create WT Type for Invoicing.
Path: FA/FAGS/Withholding Tax/Extended Withholding Tax/Basic Settings/Calculation/Withholding Tax Type/Define Withholding Tax Type for Payment Posting
Here create 3 Withholding Tax Types:
1. TDS @ 20% : Tax Type: S1
2. Surcharge @10%: Tax Type: S2
3. Education Cess @ 3%: Tax Type: S3
2. Define Withholding Tax Codes:Path: FA/FAGS/Withholding Tax/Extended Withholding Tax/Basic Settings/Calculation/Withholding Tax Codes/Define Withholding Tax Codes
Create 3 Tax codes.
In that screen, give the following inputs:
Give WT Key also on the same screen and save the data
WT Name WT Type For Company (Tax Code) Base Amount Calculation
1. Basic S1 C1 100% 20%
2. SC S2 C2 20% 10%
3. EC S3 C3 22% 3%
3. Define Min/Max Amounts for Withholding Tax Codes
Path: FA/FAGS/Withholding Tax/Extended Withholding Tax/Basic Settings/Calculation/Minimum and Maximum Amounts/Define Min/Max Amounts for Withholding Tax Codes
WT Name WT Type Tax Code Min.W/Tax amt Max. W/T Amt Min. Base Amt
Basic @20% S1 C1 NIL 99,999,999,999.00 NIL
Surcharge @10% S2 C2 NIL 99,999,999,999.00 NIL
Edn Cess @ 3% S3 C3 NIL 99,999,999,999.00 NIL
4. Assign Withholding Tax Types to Company Codes
Path: FA/FAGS/Withholding Tax/Extended Withholding Tax/Company Code/Assign Withholding Tax Types to Company Codes
5. Update Withholding Tax Codes in the Vendor Master : Give WT Type and WT code here
WT Type WT Code
S1 C1
S2 C2
S3 C3
Hope this is clear and let me know if you have any queries.
Regards,
Kannusamy S
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Hi,
For your requirement, you have to create 3 WT Types and Codes.
These three types and codes must be entered in Vendors Master Data and Select the Liable Check boxes. In this case, you need not give any tax types and codes at the time of posting an invoice and payments.
If the Tax Types and Codes are not mentioned in the Vendor's Master Data: In this case, you have to enter these details at the time of making payments (F-48) or posting an invoice (FB60). You can enter as many tax codes as possible here.
Select your FSG (For ex: FSG is mentioned in Down Payments Made A/c or other relevant accounts). Click on Taxes. Make all the 4 fields into an Optional Entry.
Note: If you are giving only one tax code at the time of posting, for example you are giving only one tax type (S1) and Code (C1), system will calculate only basic withholding tax @20% only.
Follow the above procedures and let me know if you have any doubts.
Regards,
Kannusamy S
hi
in tax code you maintain the percentage and attach these codes with the pricing procedure
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