What is special tax table in SAP (SRD-HR-PAY - HCM-Payroll Processing)?

SAP Term: special tax table

• Component: SRD-HR-PAY

• Component Name: HCM-Payroll Processing

• Description: Defines that the special tax table applies for tax calculation according to German tax law.

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• Key Concepts: 
  Special tax tables are used in SAP HCM-Payroll Processing to calculate taxes for employees. These tables are used to determine the amount of taxes to be withheld from an employee’s salary based on their income and other factors. The tables are updated regularly to reflect changes in tax laws and regulations. 
  
  How to use it: 
  To use special tax tables in SAP HCM-Payroll Processing, you must first create a new table in the system. This can be done by navigating to the “Tax Tables” tab in the payroll processing module. Once the table is created, you can enter the relevant information such as tax rates, deductions, and exemptions. Once the table is saved, it can be used to calculate taxes for employees. 
  
  Tips & Tricks: 
  When creating special tax tables, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that employees are not over or under taxed. Additionally, it is important to review the table periodically to ensure that it is still accurate and up-to-date with any changes in tax laws or regulations. 
  
  Related Information: 
  For more information on special tax tables in SAP HCM-Payroll Processing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_HCM_PAYROLL_PROCESSING/latest/en-US