Income Tax Computation
Income tax computation helps to evaluate taxes based on person's income.
Income Computation Report gives a detailed break-up of income tax calculated on an employee's salary during a month.
To generate a report, go to Reports from Navigation menu and search for Income Tax Computation Report. You can download income tax computation for employees in a given period. Select the period, add employee's name to search employee and click Generate Report.
Report will be generated in PDF format when you click Generate Report button. This report shows total tax liability for the year. Deduction from salary in the current month is based on months remaining in the current financial year.
Scroll down in the report to view Net Tax Payable and Total Tax deduction for current month as shown below:
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