Apply Single Rate on Total Taxable Basis for the Lower TDS rates also where there is rate schedule
As per the Checklist for Configuring Withholding Tax for India, below is the setup advised- Setup Taxes in the Tax Regime For Period Level Threshold, do the following: 1. Select Schedule Basis > Period. 2. Withholding Tax Calendar > User-defined Calendar. 3. Enable check box Apply Single Rate on Total Taxable Basis. Can we check this box of 'Apply Single Rate on Total Taxable Basis' for the Lower TDS rates also where there is rate schedule (threshold buckets)
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