Withholding tax Ecs rounding problem

Question

Dear All,
I have one issue when I am calculating the TDS. When Calculating the TDS
Basic, surcharge, ECS and SEC has to be rounded off to their nearest value
if it is below or above 0.50.
But my case ECS is rounding off to 1 eventhough it is below 0.50.
For example:
Vendor Invoice amount is Rs.780/- on this we are calculating TDS.System
has to show entry like this.
Expense A/c   Dr 780.00
To TDS Basic 194C Cr   16.00 (2% on 780)
To TDS Surcharge 194C   2.00 (10% on Basic)
To Vendor         Cr  762.00
But System showing..
Expense A/c   Dr 780.00
To TDS Basic 194C Cr   16.00 (2% on 780)
To TDS Surcharge 194C   2.00 (10% on Basic)
To TDS ECS 194 C        1.00 (2% 0n Basic+Surcharge)eventhough it is 0.3432
To Vendor         Cr  761.00
I am using A1FS Standard W/tax type CA, CB, CC, CD and M1 WTax Code for
194C Others.
Eventhough I checked below  checked ..
Financial acounting->Financial Globalsettings->W/tax->Extended W/tax->
Calculation->W/tax Type->Define Wtax type for Invoice/Payment Posting.
Here Rounding rule is " W/tax comm. round"
In ->Define rounding rule also is rounding unit "100"
But still my issue is open. Please guide on thisDear All,
I have one issue when I am calculating the TDS. When Calculating the TDS
Basic, surcharge, ECS and SEC has to be rounded off to their nearest value
if it is below or above 0.50.
But my case ECS is rounding off to 1 eventhough it is below 0.50.
For example:
Vendor Invoice amount is Rs.780/- on this we are calculating TDS.System
has to show entry like this.
Expense A/c   Dr 780.00
To TDS Basic 194C Cr   16.00 (2% on 780)
To TDS Surcharge 194C   2.00 (10% on Basic)
To Vendor         Cr  762.00
But System showing..
Expense A/c   Dr 780.00
To TDS Basic 194C Cr   16.00 (2% on 780)
To TDS Surcharge 194C   2.00 (10% on Basic)
To TDS ECS 194 C        1.00 (2% 0n Basic+Surcharge)eventhough it is 0.3432
To Vendor         Cr  761.00
I checked below
Financial acounting->Financial Globalsettings->W/tax->Extended W/tax->
Calculation->W/tax Type->Define Wtax type for Invoice/Payment Posting.
Here Rounding rule is " W/tax comm. round"
In ->Define rounding rule also is rounding unit "100"
But still my issue is open. Please guide on this

Answer 1

Check the Tax type configuration for ECS, it must be selected as "Rounding Up".
Make it "Comm. w/t rounding". It wil solve your problem.
Thanks