Each week, our Product Engineering team introduces new features and enhancements in EmployWise along with fixing problems that our users report. For additional features to EmployWise you can comment or start a thread on the Feature Requests forum. 

Tax Computation Breakup for self-assessment in Payroll Module

Monday, Oct 16, 2017 | 1 New Feature Added.

Module: Payroll & Taxation

1. Tax Computation Breakup of different heads

Purpose:
We have received feedback regarding showing employee Tax Computation breakup so that employee can understand how amounts have been calculated and can understand tax computation in detail.

How to access Tax Computation Sheet?
1. Log in as an employee.
2. Go to Compensation > Tax Computation
3. By default system will show the data tax computation of current FY.

What are the changes?
1. Breakup of Gross Salary
2. Section 10 exemption Breakup
    A) Transport Allowance
    B) House Rent Allowance
    C) Children Education Allowance
    D) Children Hostel Allowance
3. Tax calculation Breakup

For all of the above-mentioned heads are hyperlinked now. You need to just click and a breakup of each head can be seen.

We will be showing breakup of other heads soon.

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Read 32 times Last modified on Tuesday, 17 October 2017 11:24

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