New TDS rate effective from 1 oct 2009

Hi,
As I am new in SAP can somebody please tell me how to configure new TDS rates in SAP.
As the new rates are effective from 1 oct 2009, I want to know step by step configuration as how many tax types needs to created and what rates to be maintained against them.
Please explain in detail as I don't know much about withholding tax
Thanks in Anticipation.
Regards,
Shruti

Hi shruthi,
Please note the following Points:-
Your Question contain 2 Parts.
1) Functional Knowledge
2) Applying the functional Knowledge in SAP.
for the above my suggession is as follows:-
1). Find out the reliable source from which tax rates are available (It may be through any registered website or through any ready recoknor tax Books).
2) With regard to Configuring the same in SAP require a configuration knowledge as well testing the cofiguration setting.
There are Building Blocks available in SAP Library which you can try out.
regards
N.Kumar

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Dear All,
We are planning to create new TDS codes for New TDS rates which will be effective from 1st Oct.
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Hi,
Thanks for your reply.
Firstly, we considered this option. But Surcharge is getting changed(no surcharge in many cases). We are maintaining surcharge rates per each WTX type and we are taking TDS certificate printout quarterly.
As per your suggestion, we have to maintain a new rate in the path given and maintain 0 surcharge for TDS codes on 1st Oct(table - J_1IEWT_SURC1). How do we maintain tax type wise old surcharge rate, if we have to take certifiacte print for Sep quarter in October.
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How the new TDS rates will be implemented in the system?
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Dear,
i had earlier shot this query around Sept 25 2009.
Forum's Experts opinion says :
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Hi All
The new rates for TDS has came in effect from 01.10.2009. I have created the required tax codes.
here in our company we are using a different set of tax for basic tax then surcharge and then education cess and finaly l higher education cess.
My problem isthat I want to know how the withholding tax changes will be uploaded to vendors at mass level..
Our vendors are alteast 1000 in no. which needs to be changed?
Is the change to be taken manually or through LSMw or through BDC.
Kindly help
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Hi
In my case, the new WHT type/code configuration is not live yet. So invoices/payments are using the old TDS rate.
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1) Vendor invoice posted on 05th Oct with old tax rate.
The same has been paid and cleared on 15th Oct.
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I feel that the invoice should be selected, so that the increase/decrease in the TDS rate is accounted with offset going to vendor.
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Hello,
can anybody provide me with the latest TDS Tax Rates details

Hi,
In India related to Tax Deducted at Source (TDS) - Tax Rate Changes with effect from 1st October, 2009. Following change's are made in tax rate schedule:-
Section   Rate Type                       Old Rate(%) New Rate(%)
194A      1-Standard                     20                   10
194A      7-Custom or Reduced    20                   10
194C      4-SubContract                  1                     2
194D      1-Standard                      20                  10
194I        7-Custom or Reduced     15                    2
194I        6-Rent: Land/Buil/Fur       15                    2
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Hi,
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My question is regarding BTXRate table : BSI Company Experience Rate in which a new record exist for each new rate specific to a Authority and there is a effective date on it example 2007/01/01 .
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Hi SAP Payroll Gurus,
This is question regarding SAP BSI for US Payroll.
My question is regarding BTXRate table : BSI Company
Experience Rate in which a new record exist for each
new rate specific to a Authority and there is a
effective date on it example 2007/01/01 .
Now if we have put it the new rates very late i.e.
let say in the middle of year 2007, then the system
will run into retro in next pay and calculate the new
rate effective from 2007/01/01 .
However if I dont want the system to calculate the
new rate from 2007/01/01 ( because of the manual
adjustments already made) , can i change the
effective date of the new rate from the date of next
payperiod i want and avoid the retro i.e. calculating
the new rate for previous payperiods.
Please advise.
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Does anyoe has any solution or will there be changes to SAP B1's Fixed Asset?
Let me explain the full scenario as below:
1) Customer has Fixed Assest which has useful life of 25 years, i.e. 300 months.
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Hi Yatsea
Let me explain the full scenario as below:
1) Customer has Fixed Assest which has useful life of 25 years, i.e. 300 months.
2) The assets has been depreciated for a few months, e.g from July 2008 to Mar 2009. In FA Master Data, it shows the remaining useful life is 294.
3) From Mar 2009 onwards, the management decides that the userful life is to be 30 instead of 25. The past depreciated value is to remain. The new depreciated value is to be effective from Mar 2009 onwards.
Changes Done
1) In Fixed Asset Master file, under the General tab, a change has been made to the Useful life from 300 to 360. The remaining life is auto-change to 354.
2) Re-run the depreciation for Mar 2009.
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What is required is that Jan 2009 to Feb 2009 should remain the original depreciated value. The new depreciated value should be adjusted from Mar 2009 onwards.
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Asset value = 518749.95
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Remaining Useful life = 294
Monthly Planned Depreciated Value = 1729.17, Dec Planned Depreciated value = 1729.13
After Changes Done
Asset value = 250000
Useful life = 360
Remaining Useful life = 354
Monthly Planned Depreciated Value = 1436.09, Dec Planned Depreciated value = 1436.06
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New TDS rate effective from 1 oct 2009

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