Tuesday, 11 August 2015

Withholding Tax TDS Threshold not calculated correctly

Withholding Tax TDS Threshold not calculated correctly

Symptoms:
1.            To generate Withholding  Tax in general journal line, then you have already key in the withholding tax group (set as TDS type and within the withholding tax set "Apply threshold" to "True" with the threshold reference being set up).
2.            But when click "Withholding tax" button in the journal line, there is no withholding records being created/calculated.
Issue:
There is "hidden" setup for tax value data which for my case i need to spent 2 days debugging to resolve this issue.
You must fill in this setup at the leaf node of your threshold designer screen.
The table name is Taxvaluedata_IN.
Resolution:
Just go to designer from Withhold profile. Follow exact step on following picture:


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