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Oracle Payroll Taxation - India
Hello Fellows,
I have a question related to tax calendar for Indian Legislation, my client follows financial calendar as March to February rather than April to March, and for the same reason TDS is not calculated properly, Is there any possibility for creating the tax calendar as per the client requirement, also please quote if any challenges included for developing the solution.
Usually my client will Run the payroll and will credit the salaries to the employees on last date of the month, this goes smooth through out the year will have challenges calculating the TDS, but for the month of March they are unable to pay salaries for that particular month rather they are paying salaries in the month of April.