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F_53 Withholding tax Issue(not india)

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

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2 Answers

  • Posted on Dec 08, 2011 at 05:06 AM

    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

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    • Former Member 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

  • Posted on Dec 08, 2011 at 07:29 AM

    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

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