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with holding tax code in fica

Former Member

‎07-23-2012 6:05 AM

0 Kudos

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..

1 REPLY 1

former_member266656
Participant

‎07-23-2012 2:29 PM

0 Kudos

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