Overview
Income taxes are one of the main deductions used towards an employee's earnings. These income taxes that will be used are divided by the different types they fall under. All available income tax types are listed in this function and retrieved on a regular basis when doing payroll calculations. One calculation might specify a certain type of income tax that could be different from other calculations. The user will able to search and retrieve that specific income tax type and view its associated details such as the name and explanation of use. All deduction calculations are processed with a certain income tax type code which is stored in this function.
Navigation
Payroll Management ► Support Entities ► Deduction Management ► Income Tax Type
Income Tax Type screen Fields
Field | Description |
Code | ID for the Income Tax Type. It is a user given code. |
Active | If checked, the Income Tax Type is available. |
Name | Description of the Income Tax Type. |
Description | Detailed description of the Income Tax Type. |