Income Tax Type

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.