on 06-29-2009 1:32 PM
Dear Experts,
TDS (Basic, surcharge, E cess and HS cess) calculated by system and manual calculation differs.
Is it because of accumulation?
I have set Accumulation Type as " Per Calendar Year" and "Acc. W/tax to Max"
Even if I post two different invoices of same amount to same vendor, TDS calculation is different.
If it is bacause of Accumulation, can I set setting to "No Accumulation"?
Since several posting are already made, will there be any implication of changing Accumulation type to " No Accumulation"?
Regards
Hi anand,
IT will certainly going to effect when you change it now. When you set Accumulation Type as " Per Calendar Year" and "Acc. W/tax to Max" it starts accumulating tax to defined max value.
For exp. let 100000 Rs. is the "Acc. W/tax to Max" amount, so till this much there will not be any tax but when it cross this 100000 Rs.
limit, W/tax will be calculated on whole amount including this 100000.
My suggestion is to not to change it right now.
Regards
Edited by: Nishant Ranjan on Jun 30, 2009 7:41 AM
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Hi Nishant,
Thanks for reply.
I have NOT defined max value either for EWT codes or EWT types anywhere. (which I presume is defined in Financial Accounting (New)->Financial Accounting Global Settings (New)->Withholding Tax->Extended Withholding Tax->Calculation->Minimum and Maximum Amounts->Define Min/Max Amounts for Withholding Tax Types/Define Min/Max Amounts for Withholding Tax Codes).
What problem may arise if I change Accumulation type to "No accumulation"? And remove tick for "Acc. w/tax to max" for EWT types?
Regards
Anand
When this flag is set, it makes an entry in WTAK table for each posting. So, when you do a posting with that tax type,it accumulates based on the previous postings done with that perticular vendor, tax type etc.
So, if you remove this , the postings will go fine in future but you will not be able to track the old postings done!
Hi Anand,
This Accumulation facility we have used in combination of Minimum base amounts calculation. Check it out whether there is any such minimum base amount configuration done or not. In such case if you remove in the middle of the period it gives problem to you. The calculation also might be different depending on the base amount accumulation.
Regards
shankar
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