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Former Member
Jun 09, 2009 at 11:51 AM

TDS Exemption

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Hi Experts,

Withholding tax type II

Withholding tax code 02

with TDS rate = 16.995 % is attached in vendor master with exemption rate = 97.5% and

exemp from 19.05.2009 exempt to 31.03.2010

An invoice is posted for this vendor with

Base Amt = 1000000

According to TDS attached and exemption rate,

TDS Amt should be 4238

but TDS that is being calculated is 26427.

Why is this difference?

Please reply.

Regards,

Kaustubh Kabre.