3577707 - TCS needs to be deducted through Payroll Run, impact on Form 12BAA and changes to Forms 24Q as per new tax guidelines Section 192(2B)

• TCS NEEDS TO BE DEDUCTED THROUGH PAYROLL RUN
• The issue arises when there is no provision available for claiming credit for Tax Collected at Source (TCS) under section 192(2B) through the salary budget in SAP ERP Human Resources Payroll India.
• The problem is encountered when trying to maintain the values paid by the employee as tax.
• Claiming TCS Under Section 192 2B
• SAP note to capture TDS/TCS transactions as per new tax guidelines
• Income Tax Act for FY 2024-25, including the introduction of Form 12BAA and changes to Forms 24Q
• TCS claimed by employees to be captured in SAP

• Human Capital Management (HCM)
• Payroll India
• SAP R/3
• SAP ERP Core Component
• SAP ERP
• SAP enhancement package for SAP ERP
• SAP enhancement package for SAP ERP, version for SAP HANA

SAP ERP, Human Resources, Payroll, India, TCS, section 192 2B, salary budget, Income From Other Sources, TDS on Other Income, tax calculations. , KBA , PY-IN , India , PY-IN-PS , Public Sector , How To