Chapter 74: Oracle Fusion Tax Implementation

Role of Withholding Tax Classification Code in withholding Tax Setup

Creating Tax Determining Factor Sets for each Withholding Tax Rate.

Go to Manage Tax Determining Factor Sets to create the Tax Determining Factors for each tax classification code.

Click on the ‘+’ icon to create the new 

We will create the Tax Determining Factors for these below Withholding Tax codes 

0.05%_TDS_194C 0.05%_TDS_194C DETR FACTOR

1%_TDS_194C   1%_TDS_194C DETR FACTOR

2%_TDS_194C  2%_TDS_194C DETR FACTOR

5%_TDS_19H   5%_TDS_194H DETR FACTOR

2%_TDS_194I  2%_TDS_194I DETR FACTOR

Creating Tax Determining Factors for Withholding Tax Code ‘0.05%_TDS_194C’

0.05%_TDS_194C DETR FACTOR

Chapter 74: Oracle Fusion Tax Implementation

Creating Tax Determining Factors for Withholding Tax Code ‘1%_TDS_194C’

1%_TDS_194C DETR FACTOR

Chapter 74: Oracle Fusion Tax Implementation