Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Tax not getting calculated correctly based on % of taxable earnings OR % of overall earnings

in Planning 3 comments

Summary: For the benefit/earning members marked as custom under configure>benefits & taxes, are not being considered for tax to be calculated as per % of taxable earnings OR % of overall earnings


Content (please ensure you mask any confidential information): I have created a member "Earning5". Marked it as "custom" under configure>benefits & taxes. There is a formula for its calculation in OWP_Custom Expense member. We have marked it as Taxable component Yes & Earning Type add to gross pay. But its data is not getting referred for tax calculations.

Formula under Tax1 says this-

"OWP_Expense amount"=("OWP_Total Salary"->"OWP_Taxable Compensation"+"OWP_Total Benefits"->"OWP_Taxable Compensation"+"OWP_Total Earnings"->"OWP_Taxable Compensation")*("OWP_Value"/100);

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!