F_53 Withholding tax Issue(not india)

[Former Member]

Hi,

While processing the payment through t-code f-53, isystem is not calculating tax according to tax code assigned i-e XX. It should deduct tax Rs. 406 but deducting Rs. 6015. This is the only error I have found while processing the payment of the vendors.

and what is mean by per year,starting with mnth in withholding type config in accumulation type tab?

Regards

Venki

[m_madhu]

HI,

Please check the Feild status variant for above issue at OB14 and OB41.

Accumulation and Formula's is functionality to deduct the tax on slab wise.

Regards

Madhu M

[msshihab1987]

have you maintained the formula anything for calculating withholding tax for the same Tax code . if you maintained anything it will calculate accordingly, please ensure the same

[Former Member]

Hi,

Not maintained

[narasimhulu_konnipati]

How do you know that it has to calculate 406 at F-53.

Check the settings you have done for the respective tax code in SPRO

Check the tax code which you have assigned in Vendor master - XK03/FK03

Hope it helps

[Former Member]

HI ALL,

Please look Issue detail below,(its not Indian TDS)

PO gross value is 11600(as per WHT settings its cal gross value)

MOGO and MIRO have done correctly, when at the time of payment entry is:

Invoice gross value= 11500

WHT code per =3.5%

Vendor a/c A/c Dr 11600

To bank a/c 11194

To Tds 406

its not coming above values. its has given wrong value:

Vendor a/c 11500

TO bank a/c 5485

TO TDS a/c 6015

Please help this

Regards,

Venkat

Edited by: KVenki on Dec 8, 2011 9:26 AM

[Former Member]

Hi,

your accounting figure some confusing.......................

Please check your accounting figure with accounting entry...

Regards,

Spradip

[Former Member]

HI ALL,

Please look Issue detail below,(its not Indian TDS)

PO gross value is 11500(as per WHT settings its cal gross value)

MOGO and MIRO have done correctly, when at the time of payment entry is:

Invoice gross value= 11500

WHT code per =3.5%

Vendor a/c A/c Dr 11500

To bank a/c 11194

To Tds 406

its not coming above values. its has given wrong value:

Vendor a/c 11500

TO bank a/c 5485

TO TDS a/c 6015

Please help this

Regards,

Venkat

Edited by: KVenki on Dec 8, 2011 11:07 AM