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New tax code ..?

Hi all

Can anybody explain me how to create new tax code and what are configuration i have to do for this.

for example ED 14% + Ecess 2% + SEcess 1%+ CST 3% With Form C.



Former Member

Create Tax Code in FTXP

Enter T. Code FTXP, Enter Country as IN and then Enter the Tax Code you want to create press Enter

Now enter Description, Tax Type as "V" Input tax and press enter

Now maintain the % against the condition type which you want to use and save.

Then maintain the Tax A/c Determination in OB40 for the relevant A/c Key.

hope it helps..



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