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with holding tax code in fica

hi dear gurus..

in fica how the tds will calculate i am maintaining with holding tax codes, for this defined effects how it will happen where i need assign for effecting the tax code in line items.

can any any one explain how the process will happen in fica.

thanks

honey..

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1 Answer

  • Jul 23, 2012 at 01:29 PM

    Hi,

    First you need to define Check Subtransactions for Withholding Tax Relevance and then Define Formulas for Withholding Tax Calculation. IMG path for above activities is as follows:

    SPRO-Financial Accounting (New)-Contract Accounts Receivable and Payable-Basic Functions-Withholding Tax-Check Subtransactions for Withholding Tax Relevance.

    Hope this helps.

    Regards

    Girish

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