DBA Calculation based on employee Marital Status and number of dependents
I have the following scenario for tax calculations:
Based on the employee Marital Status and number of dependents he is supporting, a certain value of his salary will be exempted.the remaining amount will be taxable based on a progressive table.
I mean if an employee is single , his salary is 1000 USD ,200 USD will be non taxable which means that 800 will be taxable.
1% will be applied for the first 500 USD and 2% for the rest 300.
I believe this is a bit common for a lot of countries and companies. So Please advise how to setup this taxation through JD Edwards.