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Income Tax on Vacation

The income tax on vacation is not calculated if the module finds the Income Tax on Vacation Base and Income Tax on Vacation Deduction budgets. If no budgets are found, the calculation is made as follows:

•	Income Tax on Vacation Base is composed by summing the revenue budgets and subtracting the deduction budgets, as long as the Income Tax and the Ref. to Vacation fields are Y (Yes) and the Ref to Year-End Bonus field is N (No);

•	If the Income Tax on Vacation Base budget is found in the transaction, its value is considered for executing the other procedures.

•	The system checks whether the Vacation Alimony budget is present. If so, its value is subtracted from the Income Tax on Vacation Base.

•	The content of the field Inc.Tax.Dep. of the Employee Registry is multiplied by the value of Deduction by Dependant (Depend.Ded.) of parameter 09 - Income Tax Table. The result is subtracted from the Income Tax on Vacation Base.

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Then, the Income Tax on Vacation Base is submitted to the Income Tax Table (parameter 09), calculating the range and Income Tax percentage (Tax Rate n (%)). This percentage is applied to the Income Tax on Vacation Base and the value of the Installment to Deduct (Deduct n) of the respective range is subtracted from the result .