Tax Computation Sheet

A tax computation sheet is a statement showing how the taxable income calculated per year after deductions and finding the final tax value.

The taxable earning components are added to get the gross income. From the gross income all the deductions are deducted including PF, PT, HRA and other declarations as declared by the employee under employee declaration form, and arriving the total income tax per year and monthly taxable amount with the balance tax amount including instalments to be paid.

Follow the path below to check the tax computation sheet

Statutory Form>>India>>Income Tax>>Tax computation

Select the employee and financial year to check the computation sheet.

Tax computation sheet:

In the above example, payroll is calculated for April month, system will consider the latest payroll and assume the same values for remaining months and gives the final total value.

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