Function EmployeeTaxRate
Functions are used in the formulas for calculating the rate and amount of the Salary Types, as well as in the calculated columns of the Settlements.
EmployeeTaxRate(TaxableSalary)
| Type returned | Number |
| Context | Salary Types |
| Parameters | Type | Description |
| TaxableSalary | Number | The amount of the salary subject to withholding tax |
| Description |
The content of the No column tax source section of the employee’s record. |
| Example |
EmployeeTaxRate(ValueSalaryType(5000.05))/100 returns the rate for the calculation of the withholding tax based on the amount of the submitted salary. This rate is extracted from the table whose Code and Column No. are recorded in the Employee’s record. If the Table does not exist in the Table file, or if the Column does not exist, the function returns zero. OM Staff then displays an error message. |
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