PT Payment Tracker
Navigate to Tax and Statutory Compliance → Statutory Components → Professional Tax → Payment Tracker
The PT Payment Tracker in payroll helps organizations record and track Professional Tax remittances for each salary month, ensuring compliance with statutory deadlines. It displays the Salary Month, Total Amount payable, Amount Paid, Balance Amount.
For payment tracking, the module also records the Amount Paid, Payment Status (e.g., Paid, Pending), Mode of Payment (such as Bank Transfer, Cheque, or Internet Banking, Cash etc), and the Payment Date.
After payslips are generated, the professional tax contribution amounts are automatically displayed in the PT Payment Tracker.
To update payment details, select the relevant salary month, click Update, complete all mandatory fields, and then click Add.
Fig: PT Payment Tracker
Related Articles
PF Payment Tracker
Navigate to Tax and Statutory Compliance → Statutory Components → Provident Fund → PF Payment Tracker The PF Payment Tracker in payroll helps organizations record and track Provident Fund remittances for each salary month, ensuring compliance with ...NPS Payment Tracker
Navigate to Tax and Statutory Compliance → Statutory Components → NPS → NPS Payment Tracker The NPS Payment Tracker in payroll helps organizations record and track NPS remittances for each salary month, ensuring compliance with statutory deadlines. ...Payment Status
The application offers various payment statuses to help manage and update employee payment workflows efficiently. Steps to update Payment StatusThe application offers various payment statuses to help manage and update employee payment workflows ...Setting up PT for your Organization
Navigate to Tax and Statutory Compliances → Statutory Components → Professional Tax The tax slabs will be pre-configured based on the state. Modify the existing tax slabs(if needed). Based on the configuration, PT deductions will be applied ...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 ...