lower rate tds deduction- tds calculation
I have created lower rate tds setup . also i have created tds threshold setup as follows
cummulative tds threshold
Sec 194(c)
1- 200000 = 0.5%
200001 = 3%
i attached this to a supplier x
Now i have created first invoice for amount of 100000 for supplier X .
Tds caluated as follows =500 (100000*0.5%)
now i have created second invoice against this supplier for amount 150000
Tds calculated as follows =7000 ( 250000*3% - 500(tds amount calculated earlier)
My requirement is that if the amount exceed 200000 then tds is to be calculated on increase amount @3% .
in this case tds amount should be as follows
upto 200000@ 0.5% = 1000
next 50000@3 %= 1500
how to do the following setup.