How to work with TAX in Paywings 4.2
TAX:
A tax is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a State or the functional equivalent of a state to fund various public expenditures.
Please follow step by step instructions as described in this document.
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Click on TAX Tile in payroll activities
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Click on Tax Slab Button
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Then click on add button
Enter Minimum,Maximum,Percentage,Gender,Citizen Type,Description etc,.
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Then click on 'Save' button to save the details
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A message pops up inserted successfully click on the 'OK' button
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Click on cancel button to view the saved details
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Click on the button Exemptions
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Click on the 'Add' button
Enter the details of section and amount
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Click on the button 'Save'
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Then the list of saved details will appear as below
Select the payroll period in Payroll Period module
Then do the salary process for current month
After that enter the Employee Id in the blank field in Tax module
Rest of the details of particular employee will generate automatically
Then enter the section and declared amount
Click on the symbol '+' to add the report of entered details
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Click on the symbol 'X' to cancel the report
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Then click on the button 'TDS calculation'
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Then amount of Income Tax per month, per annum will be calculated automatically.
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Then click on the save button to save Tax details
user can cancel the details of Tax by clicking on the cancel button
User can click on cancel button to go for previous section as back option
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User can import the report of Tax details by click on the import button
User should browse the excel sheet by clicking on browse button
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Then click on import button to import the report of Tax details
