Related Articles
TDS Override
The TDS Override feature allows you to manually adjust the system-generated TDS amount for a specific month. Navigate to Payroll → Salary Payslip. Select the employee’s payslip and click the TDS Override button. A pop-up window will appear showing ...
TDS Computation
The Tax Worksheet (Computation) provides a detailed calculation of an employee’s taxable income and tax liability based on their salary, declared investments, approved proofs, exemptions, and deductions as per the Income Tax rules. Navigate to Tax ...
Tax Slabs
Navigate to Tax and Statutory Compliances → Tax Rules → Tax Slabs The Income Tax Slabs for both the Old and New regimes are pre-defined as per the latest Income Tax Department notifications. The system uses these slabs to automatically compute ...
Financial Closure
Navigate to Organization → Organization Settings → Tax Configuration. Fill all the tax configuration details of your organization before initiating the Financial Closure. Mandatory fields are TAN,PAN,TIN(TDS), Form 16 Signatory, and Form 16 Signatory ...
Form 24Q
Form 24Q is a tax form used in India to report TDS (Tax Deducted at Source) on salary payments. It is required to be filed to the Indian government by employers or persons responsible for deducting TDS on salary payments. The Form 24Q consists of ...