Philippines Tax Master Setup – A summary of the activity

Through this activity, you can provide the tax setup details for bi-monthly tax rate, annual tax rate and statutory exemption. These tax rates are dependent on the income earned by the employee. The system displays the currency in the header. You can specify the employee’s salary, applicable tax amount and tax percentage. You can provide the annual tax rate table of the employee. You can also specify the statutory exemption details. Apart from creating the tax table, you can also modify the details specified earlier.

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