What is tax table in SAP PY - Payroll?

SAP Term: tax table

• Component: PY

• Component Name: Payroll

• Description: An overview in the form of a table. It is used to assign tax rates percentage or permillage rates and/or tax amounts to tax bases.

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• Key Concepts: 
  A tax table is a component of the SAP Payroll (PY) module. It is used to store tax information for employees, such as tax rates, deductions, and exemptions. This information is used to calculate the amount of taxes that an employee owes. 
  
  How to use it: 
  The tax table can be accessed through the SAP Payroll module. Once in the module, users can create a new tax table or edit an existing one. The tax table can be used to store information such as tax rates, deductions, and exemptions for each employee. This information is then used to calculate the amount of taxes that an employee owes. 
  
  Tips & Tricks: 
  When creating or editing a tax table, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that employees are not overpaying or underpaying their taxes. Additionally, it is important to keep track of any changes made to the tax table so that they can be easily referenced in the future. 
  
  Related Information: 
  For more information on how to use the SAP Payroll module, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use the module effectively.