Last updated on MARCH 09, 2017
Applies to:Oracle HRMS (Republic of Korea) - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Korea HR
There are some limited conditions. (Not all cases)
Customer's Annual Tax is 0
Calculated Tax = Total Tax Break
Both of Specified & Religious donation amount should be deducted.
Actually, Religious donation amount is a key. It should be deducted.
Followings are test case :
Employee's total salary : 25,000,000 (We use personal allowance for one time)
Specified donation 2,000,000 Won
Religious donation 6,000,000 Won.
In this case Total deduction amount should be 1,070,625 won.
But, it is 1,128,843 won.
Because, religious donation amount was calculated over its range.
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