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https://issues.apache.org/jira/browse/FINERACT-1289?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18048930#comment-18048930
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Kapil Panchal edited comment on FINERACT-1289 at 1/4/26 8:47 AM:
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Hi Bharat,
I was going thru the code and it is creating the tax bifurcation its just that
it is in a different GL Account, (GLAccountIncome) and (GLAccountLiability).
The loan charge is captured granularly (see attached).
!Screenshot from 2026-01-04 14-00-13.png!
!Screenshot from 2026-01-04 14-00-49.png!
But for the loan charge it is also separately calculated and is not available
under the Assets GL Account:
!Screenshot from 2026-01-04 14-02-22.png!
!Screenshot from 2026-01-04 14-02-51.png!
I have created a loan charge for $1000 and added it to the loan product. See
also attached the pdf for loan calculation
schedule.[^repaymentschedule-2026-01-04.pdf]
You can refer to my calculations on
[https://demo.mifos.community/#/accounting/journal-entries] with client name as
firstname1 and last name as lastname1.
Thanks,
Kapil
was (Author: JIRAUSER310058):
Hi Bharat,
I was going thru the code and it is creating the tax bifurcation its just that
it is in a different GL Account, (GLAccountIncome) and (GLAccountLiability).
The loan charge is captured granularly (see attached).
!Screenshot from 2026-01-04 14-00-13.png!
!Screenshot from 2026-01-04 14-00-49.png!
But for the loan charge it is also separately calculated and is not available
under the Assets GL Account:
!Screenshot from 2026-01-04 14-02-22.png!
!Screenshot from 2026-01-04 14-02-51.png!
I have created a loan charge for $1000 and added it to the loan product. See
also attached the pdf for loan calculation
schedule.[^repaymentschedule-2026-01-04.pdf]
You can refer to my calculations on
[https://demo.mifos.community/#/accounting/journal-entries] with client name as
firstname1 and last name as lastname1. Do let me know if there are any
questions?
Also do suggest what ticket can I pick up next?
Thanks,
Kapil
> Tax component not working as expected
> -------------------------------------
>
> Key: FINERACT-1289
> URL: https://issues.apache.org/jira/browse/FINERACT-1289
> Project: Apache Fineract
> Issue Type: Bug
> Components: Accounting, Charges
> Affects Versions: 1.4.0
> Reporter: Bharath Gowda
> Assignee: Kapil Panchal
> Priority: Major
> Fix For: 1.15.0
>
> Attachments: Screenshot from 2026-01-04 14-00-13.png, Screenshot from
> 2026-01-04 14-00-49.png, Screenshot from 2026-01-04 14-02-22.png, Screenshot
> from 2026-01-04 14-02-51.png, loan charge config.png, loan charge split not
> happening.png, loan product config -1.png, loan product config -2.png, tax
> component config.jpeg, tax group config.png
>
> Time Spent: 8h
> Remaining Estimate: 0h
>
> tax attached to the loan charge is not getting affected at the
> loan/accounting level
> To reproduce
> 1. Create a tax component-> create a tax group with the component created.
> 2. Create loan charge(any parameter, refer to the attachment for the
> parameters I used) and map the tax group created.
> 3. Add the charge to the loan product (with periodic accrual accounting)
> enabled
> 4. create/approve/disburse a loan from that loan product.
> 5. Ideally the charge with the tax attached should have JE splits for charge
> amount and tax amount separated.
> But the tax bifurcation is not happening
>
> Have attached
> product config screenshot, charge config screenshot, tax config screenshot,
> and loan issue screenshot for more understanding
> Please add a comment if you need any help
>
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