Chapter 78: Oracle Fusion Tax Implementation

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

We will create the tax rule for Withholding tax code for each withholding taxes.

Setup and Maintenance ==> Manage Tax Rules.

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

Here below, Click on the '+' icon to create the Tax rules for each withholding taxes.

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

Creating Tax Rule for Tax Classification Code ‘0.05%_TDS_194C’ under 194C Withholding Tax

Rule Code: 0.05%_TDS_194C TAX RULE

Tax Regime Code: INDIA TDS1

TAX: INDIA_TDS_194C

Tax Determining Factor Set Code: 0.05%_TDS_194C DETER FACTOR SET

Tax Condition Set Code: 0.05%_TDS_194C COND SET

Result: Applicable

New Condition Set Code: 1

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

Creating Tax Rule for Tax Classification Code ‘1%_TDS_194C’ under 194C Withholding Tax

Rule Code: 1%_TDS_194C TAX RULE

Tax Regime Code: INDIA TDS1

TAX: INDIA_TDS_194C

Tax Determining Factor Set Code: 1%_TDS_194C DETER FACTOR SET

Tax Condition Set Code: 1%_TDS_194C COND SET

Result: Applicable

New Condition Set Code: 1

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

Tax Condition Set Code: 1%_TDS_194C COND SET

Result: Applicable

New Condition Set Code: 1

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes