How do I set the Threshold to 0.00?
Employees, who may have more than one job, can ONLY benefit from the Threshold (tax-free portion of taxable pay) in ONE place of employment.
If this is the case in HRplus, this Threshold MUST be set to 0.00 so that taxes will be deducted from the Total Taxable Income inclusive of the Threshold.
To do so, enter a cycle change in the following form:
- Entry Id = P...PAY PROFILE
- Item Id = FT...FIXED TAX
- Entry Type = C...CHANGE
- Other = T...THRESHOLD
POWERpay>>Process Payroll>>Cycle Changes
The Threshold will be set to 0.00 and the employee will be taxed on the Total Taxable Income (including the Threshold).
Tax Information
The following tables are for information purposes only.
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