Taxes Management (Wage Scale)
This module likely manages the Income Tax on Salaries (ITS) wage scales and corresponding tax rates used in payroll calculations.
Overview
The Tax Management system is where you define the income brackets and the percentage rates applied for ITS deductions. Maintaining accurate tax scales here is crucial for compliant payroll processing.
Managing Tax Scales
Typical functionalities include:
1. View Tax Scales
The main view likely displays the current tax year's wage scales, showing the income range (start/end) and the corresponding tax rate percentage and any fixed deduction amount.
2. Manage Tax Scale Entries
Functionality to add new tax brackets, edit existing ones, or delete incorrect entries might be available, potentially through Add/Edit/Delete buttons and modal forms.
- Tax Year: Specify the year the scale applies to.
- Range Start/End: Define the lower and upper income bounds for the bracket.
- Tax Rate (%): Enter the percentage rate for this bracket.
- Deduction: Enter any fixed deduction amount for this bracket.
3. Import Tax Scales (Optional)
There might be an option to import tax scales from a file (e.g., Excel, CSV), potentially using a provided template, to update the brackets efficiently.