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TDS percentage on Agent Commission is changed to 5% (from 10%) with effect from 01/06/2016

  Admin       Thursday, June 2, 2016

TDS Revised w.e.f 01.06.2016 for Agents 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.

Please do not raise tickets stating lesser TDS is getting calculated.
In the case of back-value dated transactions for which 10% TDS is already accounted for, necessary error entries & accounting should be carried out.


CEPT - FSI Team
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Thanks for reading TDS percentage on Agent Commission is changed to 5% (from 10%) with effect from 01/06/2016

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