how to add two taxes on the monthly salary

Topics brought up by the TimeTrex open source community.
Post Reply
wissedenis22
Posts: 1
Joined: Mon Jun 05, 2017 11:35 pm

how to add two taxes on the monthly salary

Post by wissedenis22 » Tue Jun 06, 2017 7:24 am

Hello,
I am new to timetrex though i tried to go through it but i don't know where to start from. if an employee is entitled to a monthly salary of 500,000 ugandan shillings and top of that he is taxed with PAYE and NSSF.
total hours worked in a day = 9hrs
1 month: 26(days)*9hrs = 234 hrs
monthly salary: 500,000/=
1hr: 500,000/234 = 2136.75/hr,

The Tax Tiers in Uganda (monthly) are as follows:
1)
Gross Pay -------------------------- tax rate
<235,000/= --------------------------0%
235,001/= to 335,000/= ---------------10% * (gross - 235,0001)
335,001/= to 410,000/= --------------10,000/= + 20% * (gross - 335,001)
410,000/= above ------------------------25000/= + 30%(gross-410,000)

2) NSSF-(National Social Security Fund)
NSSF 5%: 5% gross pay ( deduction from employee) and
NSSF10%: 10% gross pay(contribution by employer)

how can i archive this, for both employee who earns between this (235,001/= to 335,000/=) and 410,000/= above....in timetrex, i need your help

Post Reply