TDS round off near to rupee

[Former Member]

Dear all

TDS deducted should be rounded off to the nearest of Rupee in SAP. Because we can’t show TDS figures in paise. But I would like to bring to your attention that as per Income Tax Act, TDS is to be paid to the Government to the nearest of Rupee. So keeping the Income Tax rules in mind, TAX is to be rounded off to the nearest of rupee.

plz suggest

[govind_gogate2 · Accepted solution]

Hi Syed,

What you want to say?

TDS gets rounded up at all the cases. You can do it in WH Tax type. Under Rounding Rule, use radio button Round w/tax amt up.

i.e 1.67 become 2.00 & 1.25 also become 2.00.

Hope it solves your query.

Gov

[Former Member]

Thanks

[Former Member]

Thanks,

i mean while deducting any TDS through W/H tax supose if im raising a invoice for that if the TDS amount is(basic2.50sc0.25Eces0.05=2.80)

but while making payment i want to pay this as a 3.00 how to make this adjustments.

it is advisable

[govind_gogate2]

No it wont happen that way.

At the time of invoice, system will calculate as per specifications given in WH TAX type settings.

There only you need to use rounding rule radio button. As payment of tds happens through system, you can not control that.

As per IT Act, you can round up while bookong invoice.

Gov