cancel
Showing results for 
Search instead for 
Did you mean: 

extended with holding tax error

Former Member
0 Kudos

now my client is implemention Extended withholding tax. i done configuration extended with holding tax in sap. I create one with holding tax code 20%. Now my client requirement is TDS Percenetage value is 20%, education cess rate is 10% on tds value (20%, Education cess is 2%) surcharge is calculation on the total value * 3% can u tell me what are the config steps in sap.

Tds rate : 20% 20

Surcharge : 10% on 20 above code (20 * 10/100 = 2) 2

Edct cess : 3% on 22 (20+2) 0.66

22.66

i know how to create with holding tax code after thar u tell me in sap

View Entire Topic
Former Member
0 Kudos

Hi,

Create 3 WHT types and WHT codes, one each for TDS, Education cess and Surcharge respectively. Maintain these calculations for the tax codes -

Tax code 1 (TDS) -

Base amount / percentage subject to tax = 100%

Calculation W/T rate = 20%

Tax code 2 (Education Cess) -

Base amount / percentage subject to tax = 20%

Calculation W/T rate = 10%

Tax code 3 (Surcharge) -

Base amount / percentage subject to tax = 22%

Calculation W/T rate = 3%

Assign the WHT type and WHT codes to the vendor master.

Regards,

Mike

;