In this step, you set up:
These settings should coincide with the Revised Period Withholding Tax Table provided by the Bureau of Internal Revenue (BIR).
In the standard system, the salary brackets and taxes provided by the BIR and valid at the time of creation have been set up as defaults.
If the BIR changes a salary bracket, SAP
recommends that you delimit the validity dates of existing records and create
new records.
You must never modify an existing record, because tax
calculation errors may arise if changes to an existing record are only valid
from a certain period.
To define period salary brackets, you can either: