Financials for India - EBS (MOSC)

MOSC Banner

How to setup the TDS tax rounding value to UP instead of nearest value

edited May 13, 2016 12:14AM in Financials for India - EBS (MOSC) 13 commentsAnswered

Indian Income tax department is considering round up value in TDS invoces where as in our E-business suite (R12.1.3) it is considering nearest value.

Ex: on INR 1521 if we deduct taxes @2%, TDS amount comes to INR 30.42
As per present configuration in E-business suite it is rounding it to nearest rupee like 30, but as per Income tax department it should be "rounded up" like 31.
Please help me out how to achieve this.


Thanks

Ashok Kumar T

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS India Financial Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center