Hi, I’m working on setting up payroll however I’m running into a small issue.
In my country, we have different income tax slabs but each slab has a standard fixed amount deduction automatically associated with it. For example, the 15% tax slab has a 500 deduction applied so the income tax is calculated as:
Income tax = (base salary * 0.15) - 500
In the Income Tax Slab options, I don’t see a way to define any fixed amount deductions along with the percent deduction. Is there another way to accomplish this that I’m not seeing?