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 amount | The amount specified here will determine if the cost item gets taxed or not. |
Exemption amount | This is where you specify the amount to be removed from the cost item amount. |