on 03-31-2008 9:42 PM
Hi Gurus,
I have configured gross up wage type and its working fine .
Anyone one knows how BSI is calculating the base wage type that is used to calculate the Taxes? Is there any formula or something?
Please throw some light
I myself got an answer for that..
640 - 19.648
659.648 - 20.2511936 - 639.3968064
660.2511936 - 20.26971164 - 639.981482
660.2697116 - 20.27028015 - 639.9994315
660.2702801 - 20.2702976 - 639.9999825
660.2702976 - 20.27029814 - 639.9999995
660.2702981 - 20.27029815 - 640
660.2702982 - 20.27029815 - 640
640 is the amt you need to gross up and 20.270298 should be the tax for the total amount (660.2702982 )
So the gross up amount is 660.2702982
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