Income Tax Table

This feature is available for Philippines only.

IPS offers users from Philippines a tool to calculate employee income tax every pay period. For that matter the system uses a table named "Income Tax". This table includes several taxable income levels, and the user must set the following values:

Exemption - Local laws often allow a certain amount of income or other value to be legally excluded to avoid or reduce taxation. Enter figure without commas or $ symbol.
Tax Amount -
Plus -
Upper Level -

Completing this table for the first time:

Go to Maintenance, select Tax Tables and click on Income Tax Table.
Click on Add. System will present user with a new table. If user session is limited to one company code, the system will automatically set the company code and current pay period values and they will both appear grayed out.
Enter values in the corresponding fields: Exemption, Tax Amount, Plus and Upper Level.
Click on Change.
Once the table has been saved in the system database, it can be changed or modified only during the current pay period. Nevertheless, the system allows user to search and view tables from previous pay periods (see Add and Search tabs on the left).
The table contains ten rows. However, user may add or delete rows as necessary once the form is submitted (see "Add Five Records" and "Delete Five Records" buttons below table).

IPS also provides the option to Delete all pay period records. When user clicks on this option, the system will display the message:

"If you are COMPLETELY SURE you want to Delete these records, Click on the Delete Button below:"

User must click on Delete button to complete the process.