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HOME PAYROLL SERVICESFINAL SETTLEMENT FOR TERMINATED EMPLOYEES
Section Description
Final Settlement for terminated employees
Performance of interim income tax settlement
Filing all required return for the interim income tax settlement
Computation of severance payment according to clientĄ¯s regulations (including interim severance payment) and reconcile the severance payment with the monthly severance accrual.
Computation of severance income tax and resident tax
Payment of net severance to the terminated employees
Filing of severance payment return with tax office