5.1 Process Product With-holding Tax Detail

This topic provides the steps you need to follow to define a With-Holding Tax Product.

Create With-Holding Tax Product

Start the Product With-holding Tax Detail screen.

Enter information in the Product With-holding Tax Detail screen.

Save the information entered.

1. On Home screen, type LEDPWHTD in the text box, and click Next.
   The Product With-holding Tax Detail screen is displayed.

   Figure 5-1 Product With-holding Tax Detail

   
   

   
   Description of "Figure 5-1 Product With-holding Tax Detail"

   
   
2. On Product With-holding Tax Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 5-1 Product With-holding Tax Detail - Field Description

   Field	Description
   Product Withhold Tax	In the Product Withhold Tax section, Specify information in the following fields.
   Product ID	Alphanumeric; 10 Characters; Mandatory Select the Product for which the tax on annuity details needs to be captured from the option.
   Product Name	Display The system displays the product name.
   Load ID	Alphanumeric; 5 Characters; Mandatory Select the load corresponding to with-holding tax from option list.
   Load Description	Display The system displays the description for the selected load ID.
   Effective Date	Date Format; Mandatory Select the date from which the tax details captured from the adjoining calendar.
   Age Limit Applicable for Rebates	Optional Select Yes to indicate an age limit constraint is applicable for eligibility for rebates on the tax. Note: If you select Yes, the Rebate Details section is displayed.
   Applicable for CGT	Optional Select Yes if applicable for CGT from drop-down list. Else No.