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The system is shipped with 4 tax calcutors as follows::
1. Employee Compensation Income: From the desired net pay, it will compute the gross pay, social premium contributions, withholding tax.etc.
2. Mixed Income Tax Earner: This computes for the income tax for compensation income and business income of an individual.
3. Withholding Taxes: From the desired net amount, it will compute the gross amount, vat, final vat and withholding tax.
4. FBT: This computes the gross-up value and the ftb amount.
Step-by-step instructions:
1. Click Tools.
2. Select Calculator
3. Double-click Tax on Compensation, WT and FBT. You will be redirected to Tax Calculator window.
4. Select the calculator you want to use.
Below Screenshot showing the Withholding Tax calculator
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