Taxable Salary

💰 Taxable Salary

The Taxable Salary section helps HR and payroll teams manage salary-related tax data, including increments and final taxable salary calculations.

📌 Overview

This section allows you to:

• View employees’ taxable base salary

• Add salary increments

• Automatically calculate Net Taxable Salary

• Update and save records individually

🧾 What You Can Do

Each row represents an employee and includes:

• Employee Name

• Employee ID

• Joining Date

• Taxable Salary – Base salary considered for tax

• Increment – Additional salary added (e.g., bonus or performance-based raise)

• Net Taxable Salary – Auto-calculated total = Base + Increment

Once adjustments are made, click the 💾 Save button next to each employee to apply changes.

🛠️ Tips

• Use this feature at the end of each pay period to adjust final taxable income.

• Make sure increments are compliant with internal HR and tax policies.

• If no increment is added, the base salary is used as the net taxable amount.