withholding tax-"minimum-maximum amount" & accumulation setting

[Private_Member_745804]

Dear FI experts,

as the TDS rate changed in Punjab, my client's requirement is,,

if they are posting an invoice with amount more than 20000 then tax to withheld,

or it will be withheld if more than Rs 50000 transaction is made in a fiscal year.

please suggest how to configure

regards

deepak

[Former Member]

Dear,

You will have to follow below step..

1. Select W.taxform. fields in the tax code creation.

2. Define Formulas for Calculating Withholding Tax to meet requirement of Rs 50000 and above..

3. Define Min/Max Amounts for Withholding Tax Codes to meet requirement of Rs 20,000..

Regards,

Chintan Joshi

[Private_Member_745804]

thank you for your response..

sir, if i set accumulation per year with starting month 04 in tax type creation & maintain the minimum base as 50000 than it is deducting the tds if more than 50000 rs posting is made in a year.

in same case we want to deduct the tds if a single invoice amount exceeds 20000 rs.

how is it possible..

please suggest

deepak