@ Gloria, I think it would be better to collect WHT on interest posted than interest earned. Because once interest get posted then only client can withdraw that amount. so It would be better to put WHT on that amount. Eg. If the account Existing balance is 10000 and interest posted is 100. New Balance = 1100. Deduct 15%of WHT = 15 (on interest of 100 deduct 15%) Now account balance = 1100-15 = 1085. Client is allowed to withdraw interest of 85 only.
@ Binny, Can you please help us in this issue. weather calculations explained above is valid?
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