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Jan 12, 2021 at 03:06 AM

Payroll Philippines- Income projection till LWD for annual tax method

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Hi,

Payroll Philippines- Income projection till LWD for annual tax method.

If employee quits in mid of FY, system is projecting income till end of financial year instead of projecting the income till Separation date.

For eg:

FY Jan-2020 ~ Dec-2020

Employee separation date: 30-Jun-2020

Employee salary per month = 10000 PHP

System projection = 10000*12=120000 (projecting for whole FY)

Expected projection = 10000*6=60000 (to be projected only for those months till LWD)

Checked function TAXCA, TAXWT , IT0041 - N0 subtype but not supported.

(expecting similar to India payroll income projection where system projects income till future separation date in a FY or IT0041-N0 date type.)

Please let me know if anyone worked on it or let me know how to handle this requirement.

Regards,

Velvendhan D.