This will be an enhancement and is not currently supported.
In the example above, is it ok if we show a interest posting of 1,000, which is immediately followed by an withholding tax charge of 150? This is the practice what I have seen with commercial banks too. This makes it very clear to end user also on the exact amount of interest and any tax on it. The interest posting batch job will need to do this in a single database transaction - so that the money does not get withdrawn before the tax can be deducted.
Even though interest is calculated monthly, the journal entries for interest posting will be posted only when the interest is actually posted to the savings account. So, the withholding tax also can be accounted at the time when interest is posted. And can be computed as a percentage of the interest amount being posted. We can ignore the periodicity of interest computation. Does this sound right?
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