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The built in Tax Calculator in Portico™ allows employees to undertake their own tax planning without needing support from HR. The user friendly form contains tips and limits that show changes in income tax liability on a real-time basis.
Investment Impact
Employees may change the value of qualifying investments to see revised tax computations, allowing them to plan their investments appropriately.
Changes in Income
Employees have the option to change their ‘Gross Earnings’ (due to increments, bonus, etc) and the system will show the additional/reduced tax liability.
The Tax Calculator feature helps employees address their most basic tax concerns under different scenarios – What is my tax liability and how can I best reduce that?
Summary
- Easy to operate and understand
- Employees are able to see impact on income-tax in real-time
- Employee has an option to change income scenarios based on actual or expected increases and bonuses
- Linked with the investment declaration module to calculate tax based on investments made
- Helps address the most fundamental question in employees mind – How much tax did I save?
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HR Data & Payroll
Our fully hosted HR Data and Payroll solution
Founded in 1989, Payroll Bureau has a wealth of experience and over the past 30+years has established itself as one of the most efficient, reputable & trustworthy payroll companies in the UK. We are now part of the TopSource Group and have access to even more expertise than before. We only use HMRC accredited systems and are a BACS approved bureau.
Our experienced payroll bureau runs large and often complex payrolls on behalf of scores of businesses, some with hundreds of employees. We are now part of the TopSource Group, and we pride ourselves on a personalised and flexible service. When last-minute amendments are required – as they frequently are – our focus is on delivering a fast and accurate response.
With 20 years of experience, Practical Payroll Solutions is one of the UK's leading payroll companies offering a range of managed payroll services for large businesses. We are now part of the TopSource Group and provide flexibility in the way we can deliver your payroll be it - weekly, fortnightly, lunar or monthly. We are a payroll company that works around your needs.
TopSource India provides end-to-end payroll, leave and attendance management solutions to small, mid and large businesses across all industries in India. We provide our services and operational support from our facility in Pune. Our account management teams are locally based and work directly with clients to ensure accurate delivery of our services.
TopSource global provides international payroll, PEO/EOR services to clients across the globe. We provide these services from one of our three global locations: London and Kent in the UK and Pune in India. We provide our services in all the leading markets around the world including US, Europe, Middle East, China, India and Asia Pacific including Japan, Australia and New Zealand.