Tax Balance Adjustment in Oracle Payroll
How to perform Tax Balance Adjustment in Oracle Payroll?
Step1 – Navigate
Go to Payroll => Adjust Individual Balances
![](https://kloudguides.com/wp-content/uploads/2023/04/image.png)
Step 2 – Tax Adjustments
![](https://kloudguides.com/wp-content/uploads/2023/04/image-1.png)
Enter the values from Employee Active Payroll Balance reports. If you are reversing the balance adjustments then enter negative amount.
![](https://kloudguides.com/wp-content/uploads/2023/04/image-2.png)
If you are refunding the money using tax refund, then uncheck payment and costing checkbox as Tax refund element will be costed.
![](https://kloudguides.com/wp-content/uploads/2023/04/image-3.png)
Save and Close.