Date Format

The date format applicable to the login user.

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Company Tax Setup Unit

From the drop-down list box, select the organization unit for which monthly statutory deposit details are recorded.

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Tax Year

From the drop-down list box, select the tax year.

Deposit Details of

From the drop-down list box, select any one of the following tax deposit details.

• PAYE: This tax is applicable to the income drawn by the employee.  This tax is applicable to the employee.

• SDL:  The Skill Development Levy (SDL) tax is restricted to the employer.

• UIF: The Unemployment Insurance Fund (UIF) tax is applicable to the employer and employee.

Month

The month for which tax amount is to be paid.

Amount Deposited

The amount deposited for tax payment during the specific month in a specific year.

Balance amount to be Deposited

The balance amount to be deposited for the tax payment during the specific month in a specific year.

Date of Deposit

The date on which the tax amount is deposited.

Mode of Payment

From the drop-down list box, select the mode of payment for the tax amount whether cash/cheque/debit order.

Bank Name

The name of the bank, if the mode of payment is cheque/debit order.

Cheque No./ Voucher No.

The cheque or voucher number if the tax amount is deposited as a cheque/cash.

Cheque / Voucher Date

The date on which the cheque/debit order was drawn to deposit the tax amount.

Taxable Amount

 The total taxable income of all employees for the selected tax year – month and tax combination.

Tax to be Paid – Employer Contribution

The amount contributed on tax by the employer. This value is the sum of the employer tax contributions for each employee of the selected tax year, month and tax deposit details. This amount is paid to the Tax Authority.

Tax to be Paid – Employee Contribution

The tax amount contributed by the employees towards tax. This value is the  sum of all employee contributions for the selected tax year, month and  tax deposit details.

Number of Contributors

The number of contributors for tax payment. This value is the count of the employees who have paid tax for the selected tax year, month and tax deposit details.

Corrected- Taxable Amount

The corrected taxable amount, which is the actual amount for which you require to deposit the tax. By default, the system displays this value upon selecting a value in the “Deposit Details Of” field. You can edit this value if required.

Corrected- Employer Contribution

The corrected employer contribution amount, which is the actual amount contributed by the employer. By default, the system displays this value upon selecting the “Deposit Details Of” field. You can edit this value if required.

Corrected- Employee Contribution

The corrected employee contribution amount, which is the actual amount contributed by the employee. By default, the system displays this value upon selecting the “Deposit Details Of” field. You can edit this value if required.

Corrected-Number of Contributors

The corrected number of contributors for tax payment. By default, the system displays this value upon selecting the “Deposit Details Of” field. You can edit this value if required.

Interest (%)

The percentage of interest computed for the balance amount to be deposited during the specific month in the year.

Interest Amount

The amount of interest computed for the balance amount to be deposited during the specific month in the year. If Interest amount is given, it overrides the interest percentage. In such a case, interest percentage will be ignored.

Penalty (%)

The percentage of penalty computed for the balance amount to be deposited during the specific month in the year.

Penalty Amount

The penalty amount to be deposited if the tax amount is not deposited within a specific period. The amount to be paid as penalty. If penalty amount is given, it overrides the penalty percentage. In such case, penalty percentage will be ignored.

Total Amount to be Deposited

The amount to be deposited as tax, which is the sum of the employer contribution, employee contribution for tax, the interest and the penalty amount for the specific tax deposit details.