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author's profile photo Former Member
Former Member

Income tax

Hi,

Experts,

How can calculate income tax. based on calender days or working days.

thanks&regards

vardhu

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Dec 24, 2011 at 05:36 AM

    Hi,

    Can you give a little bit more info on this ?

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 24, 2011 at 05:58 AM

    Hi,

    MVR ,

    if employee is in leave 15days.he is not able to get the salary for 15days at that time income tax calucated on 15days or 30 days...i need clarification on this ...

    Thanks&Regards,

    vardhu

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    • Former Member

      Tax is calculated based on the earnings and investments of any individual on yearly basis (actual earned till date + projected income for rest of d year) - Financial year.

      if you have done proper configuration on the wage types, system will do the calc on its own by considering LOP, PL watever.

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