How To Fix FINLOC_IN_TAN001 - Exemption Rate cannot be greater-than 100

FINLOC_IN_TAN001 - Overview

• Message type: E = Error

• Message class: FINLOC_IN_TAN - India: withholding Tax

• Message number: 001

• Message text: Exemption Rate cannot be greater-than 100

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINLOC_IN_TAN001 - Exemption Rate cannot be greater-than 100 ?

  The SAP error message FINLOC_IN_TAN001 indicates that there is an issue with the exemption rate being set to a value greater than 100%. This error typically arises in the context of tax calculations, particularly when dealing with tax exemptions or reductions in financial transactions.
  
  Cause:
  The primary cause of this error is that the exemption rate has been incorrectly configured or entered in the system. In SAP, exemption rates are expected to be expressed as a percentage, and logically, they should not exceed 100%. If a user attempts to enter an exemption rate of, for example, 150%, the system will trigger this error message.
  
  Solution:
  To resolve the FINLOC_IN_TAN001 error, follow these steps:
  
  
  Check the Exemption Rate Configuration:
  
  Navigate to the relevant configuration settings in SAP where the exemption rates are defined.
  Ensure that the exemption rate is set correctly and does not exceed 100%.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the transaction