[Mifos-users] Service Tax on Charges

[Thomas Varghese]

Hello,

 

I am looking for automatic service tax calculations on the charges incurred on Loans.

I have configured the service tax as part of the loan charges in Mifos.

How does Mifos do these service tax calculations?

 

Thanks & Regards,

Thomas Varghese

KNAB finance advisors pvt ltd

Web: www.KNABfinance.com

LinkedIn: https://www.linkedin.com/company/KNABfinance

Facebook: https://www.facebook.com/KNABfinance

 

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[Ed Cable]

Thomas,

You can configured the tax components and tax groups in Mifos to support percentage based charges for withholding tax.

See the documentation at https://mifosforge.jira.com/wiki/display/docs/Manage+Tax+configuration

Ed

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