The employer can create a tax structure. The tax structure is basically defined by the government of the country.
To know more about how to create a tax structure. Follow the following steps.
- In the navbar click the payroll tab.
- The above step will open new tabs in the dropdown. Click the settings tab.
- The above step will open new tabs in the dropdown. Click the tax structures tab.
- The above step will open the tax structures index page.
- Click create button to create the tax structures tab.
- The above step will open a popup to create tax structures.
- Enter tax structures name.
- Click calendar to select tax structures start date.
- Click calendar to select tax structures end date.
- Enter tax structures description.
- Click add button to add tax structures slab.
- The above step will add a row to add tax structures.
- Enter minimum amount.
- Enter maximum amount.
- Enter fixed amount.
- Enter percentage amount.
- In action, the column click deletes button to delete a row.
- The above figure shows that if your yearly income is 6 lac or below then no tax is applicable on your income.
- Repeat step 11 to 16 to add more slabs.
- Finally, click the save button to create tax structures.
- The tax structure will be created and look like.
- Click on the edit button will open a popup to edit the tax structure.
- Edit process is the same as like create process.
- Click on the View button will open a popup to view the tax structure.
- In view, popup employees can just view.
- Click the Cancel button to close the view popup.
- Click on the delete button will open a popup to delete the tax structure.
- Click yes if you want to delete the tax structure and click no if you don't want to delete.