=============Tax on Tax/Tax Benefit (Fiscal Year 2023-2024)=============

  * Tax Benefit: An employee enjoys a tax benefit when his tax liability is borne by his employer. This tax benefit is treated as a fringe benefit and is valued according to the specific Regulations to the Act. 

=========How to activate the required flags and % for the purpose of Tax Benefit for an employee who has submitted an EDF========

  * Step 1: Go to Payroll
  * Step 2: Monthly Procedures
  * Step 3: EDF
  * Step 4: Choose the employee’s record
  * Step 5: Activate Tax on Tax Flag
  * Step 6: Insert the required % for Housing benefit
  * Step 7: Activate Tax on Tax Er %
  * Step 8: Click Save

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  * Below are illustrations of Tax on Tax computation based on the new tax rates

=========Illustration 1 - EDF Submitted - Tax on Tax/Housing Benefit/Tax benefit are applicable=========

  * PAYE Calculation Slip

  * Note: If Progressive Tax rate% and Tax on Tax rate% are different - the Tax Benefit is calculated as per the below illustration - In this example Progressive Tax is calculated at 14% and Tax on Tax is calculated at 16%

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  * A detailed breakdown of sections A to I are illustrated below

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=========Illustration 2 - No EDF Submitted - Tax on Tax /Tax benefit/Ee desired flat rate 20% are applicable=========

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=========Illustration 3 - No EDF Submitted - Tax on Tax /Tax benefit/Ee desired flat rate 15% are applicable=========

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