Navigation: Systems Manual > BIR System >

Tax Calculator




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

play stop







Copyright © 2021 Terasoft Corporation