Saturday, 4 June 2016

Revised TDS for Agents W.E.F 01.06.2016 in DOP Finacle

TDS percentage on Agent Commission is changed to 5% (from 10%) with effect from 01/06/2016. This change is configured in Finacle.

In the case of back-value dated transactions for which 10% TDS is already accounted for, necessary error entries & accounting should be carried out.