Income Tax Calculations
The CAMSOFT Payroll calculates Income Tax in accordance with the guidlines published by HM Revenue and Customs.
All you need to do is ensure that you have noted the correct tax code for an employee and that any previous pay and tax figures are entered correctly. Then when you go to pay someone, the tax will automatically - and accurately - be worked out.
That tax is automatically deducted from a payslip telling you what to pay your employee. It will also be shown on a set of figures that let you know how much tax to hand over to HMRC every month.
You only need to enter the tax details for an employee once and then every pay day the tax will continue to be automtically processed. And by using the CAMSOFT Payroll the tax deductions are more accurate for each employee than using the manual tax tables.
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