How to Map Fiscal year in Tax withholding categories?
Please follow Below Steps carefully:
- Go to Navigation Tab.
- Go to Finance Management > Taxation.
- Under the section Tax Configuration > click on tax withholding categories.
- Select Tax Withholding Categories against which you need to map the fiscal year.
- Click on add row and map the fiscal year 2022-2023
- Enter 2022-2023 under the fiscal year section.
- Enter the TAX component as TDS.
- Enter Tax withholding rate.
- Enter Single Transaction Threshold Limit
- Enter Cumulative Transaction
- Click on the save button.
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