Income Tax Tab

Overview

The Income Tax Tab contains the information of any taxes that apply to the cost item.

 

Income Tax Tab screen Fields

Field

Description

Income Tax Destination

 The Income Tax Destination that applies to the Income Tax for this cost item.

Income Tax Type

 The Income Tax Type that applies to the Income Tax for this cost item.

Rate

 The percentage amount of the cost item that the deduction will apply to.  Range from 0 – 100.

Is One Time Benefit

 If checked, the tax will be linked to the benefits function.

Minimum taxable amountThe amount specified here will determine if the cost item gets taxed or not.
Exemption amountThis is where you specify the amount to be removed from the cost item amount.