Procedure For Filling Tax Form For SCSS
- As per the DOP norms if the total interest amount on the SCSS principle exceeds Rs 10000/- then an amount of 10% TDS will be deducted.
- If the TDS amount is deducted for a particular SCSS account then the same can be inquired using the menu HTDTRAN.
- The total interest amount and TDS amount will be shown as in below figure by invoking the HTDTRAN menu as follows
- If the customer submitted tax form(15G/15H) then we have to enter the same in account level and CIF level as mentioned below.
At CIF level
- Menu Shortcut - CMRC
- GO
- The following screen will be displayed.
- Function - M-Modify
- CIF ID -
- GO
- The following screen will be appeared
- Tax Deducted at Source - NOTAX
- Submit
- Verify from same command in Supervisor.
At Account Level:-
- Menu Shortcut - CSCAM
- GO
- The following screen will be displayed.
- Function - M-Modify
- A/c ID -
- GO
- The following screen will be displayed.
- Tax form as "15G/15H"
- Tax category as "N-No Tax" as shown
- Submit and verify the same in the supervisor login
Note:-If any account modification is pending for TDA accounts(SCSS/TD and MIS account) then the system will not generate interest on the due date which can be inquired by using the menu HAFI or Scheduled reports available for System Admin,So immediately verify the account modification done for TDA accounts for smooth functioning.
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