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- Wed Feb 17, 2010 7:27 pm
- Forum: Developers
- Topic: Adding new Income Tax formulas for different countries.
- Replies: 31
- Views: 135035
Re: Adding new Income Tax formulas for different countries.
Okay, I think its because your annual deduction amount is too high. That value is designed to reduce the employees taxable income by that amount. In the US this would be used as an allowance for the number of children you have or something. So setting it to 52500 basically means the employee must m...