Tax at source rate change |
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We are in November 2024 and the Tax at source rate will change from A to B on 1 November 2024 As this is a change in the current month, the change can be made directly on the Employee card in the ‘IT Tariff’ field. Other fields are not affected and should therefore not be changed.
We are in November 2024 and the Tax at source rate changed from A to B as of 1 September 2024 As this is a retroactive change, the ‘IT Tariff’ field must be adjusted accordingly via TimeMachine as of 1 September 2024 in this case. As in the previous examples, no other fields should be changed. The old ‘incorrect’ value must be left on the Employee card. The field is updated with the next payroll run after the open TimeMachine entries have been processed. The corresponding corrections are listed on the payslip from September.
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