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spay:userguide:employee_edfadj [2009/09/30 12:18] dbeeharry |
spay:userguide:employee_edfadj [2020/06/05 15:22] (current) mclement |
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If however the record does not exist, it should be created. | If however the record does not exist, it should be created. | ||
- | {{:spay:usermanual:empedf.jpg|}} | + | {{:spay:userguide:edfadj1.jpg|}} |
===== Create a new EDF or modify an existing EDF ===== | ===== Create a new EDF or modify an existing EDF ===== | ||
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- a change is notified as from the 1st month of the fiscal year OR | - a change is notified as from the 1st month of the fiscal year OR | ||
- the Government authorities officially declare new Income Exemption Threshold amounts | - the Government authorities officially declare new Income Exemption Threshold amounts | ||
+ | * **Additional Exemption:** This is the amount found on employee EDF - for those having children pursuing undergraduate course | ||
+ | * **Interest Relief:** This is the amount found on employee EDF - for those having contracted a house loan (first time home owners) | ||
+ | |||
{{skb:info.png}}An EDF adjustment is done only when the employee changes <fc #6495ed>Income Exemption Threshold</fc> category, i.e there is a change in the number of dependents of the employee. | {{skb:info.png}}An EDF adjustment is done only when the employee changes <fc #6495ed>Income Exemption Threshold</fc> category, i.e there is a change in the number of dependents of the employee. | ||
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- | * **First Employment:** Flag is activated when employee starts working for the first time in the current fiscal year | + | * **First Employment:** Flag is activated when employee submits an EDF for the first time in the current fiscal year |
* **Pensioner:** Flag is activated if employee is more than 60 years of age | * **Pensioner:** Flag is activated if employee is more than 60 years of age | ||
* **Tax Exemption:** Flag is activated to force the system not to calculate tax for the employee | * **Tax Exemption:** Flag is activated to force the system not to calculate tax for the employee | ||
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* **PAYE Er %:** The percentage tax the employer has to pay for the employee | * **PAYE Er %:** The percentage tax the employer has to pay for the employee | ||
+ | |||
====== Apply Employee Declaration Form (EDF) Adjustment ====== | ====== Apply Employee Declaration Form (EDF) Adjustment ====== | ||
An EDF adjustment is done when the employee changes <fc #6495ed>Income Exemption Threshold</fc> category, i.e there is a change in the number of dependents of the employee and this, as from the 2nd month of the fiscal year | An EDF adjustment is done when the employee changes <fc #6495ed>Income Exemption Threshold</fc> category, i.e there is a change in the number of dependents of the employee and this, as from the 2nd month of the fiscal year | ||
- | {{:spay:usermanual:empedf2.jpg|}} | + | {{:spay:userguide:edfadj2.jpg|}} |
The pointer must be positioned on the employee EDF record first then, input the following in the EDF adjustment form: | The pointer must be positioned on the employee EDF record first then, input the following in the EDF adjustment form: | ||
* **Adj. No.:** Input the numeric sequence of the adjustment | * **Adj. No.:** Input the numeric sequence of the adjustment | ||
* **Total Tax Deduc.:** Input the new E.D.F amount as per the new E.D.F Category | * **Total Tax Deduc.:** Input the new E.D.F amount as per the new E.D.F Category | ||
+ | * **Additional Exemption.:** Input the same amount found on top of screen for this same employee (if there is an amount - else this would be zero) | ||
+ | * **Interest Relief.:** Input the same amount found on top of screen for this same employee (if there is an amount - else this would be zero) | ||
* **E.D.F Date:** Input the date specified on the new E.D.F form | * **E.D.F Date:** Input the date specified on the new E.D.F form | ||
* **Periods left:** The number of periods left over the current fiscal year as from the adjustment date is displayed automatically | * **Periods left:** The number of periods left over the current fiscal year as from the adjustment date is displayed automatically |