Chapter 86: Oracle Fusion Tax Implementation

Defining Default Taxes Rates for 194I Tax

Click on ‘INDIA_TDS_194I ’ Tax. Under this tax go to Tax Rule Defaults as below.

Go to Tax Rate Option and Click on the Create Default button.

Go to Tax Rule Defaults as below.

Go to Tax Rate Option and Click on the Create Default button

Here below, we need to use the Tax Status Code ‘Standard’ As created in previous steps.

Enter the Tax Rate Code: 2%_TDS_194I (Please Note, This Tax Rate code should be same with the Tax Rates created in Previous Steps While creating Tax Rates).

Rate Percentage: 2

We must provide at least one default Tax rate for each Withholding tax before enable the taxes

Note: We can use any Tax Rate (2) created under 194I section as a Default Tax Rate.

Chapter 86: Oracle Fusion Tax Implementation