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TDS details in Payslip

TDS variables are added in the payslip to display the tax details for employees.

These variables will give a clear idea to the employee of what is the taxable income, total tax per year to be deducted, tax deducted till date and the balance tax which he needs to pay.

Follow the steps below.

1. Create the payroll components as mentioned below under Deductions.

TDS_TotalTaxableIncome

TDS_TotalTax

TDS_PrevEmployerTDS

TDS_TaxDeductedYTD

TDS_BalanceTax

2. Go to deduction preferences, and add the TDS variable exactly with the same name under formula. Below is the screen shot for reference.

image

3. The values of TDS variables will be displayed in the payroll preview screen.

The same will be displayed in the payslip, once these variables are mapped to the payslip.

Note:

1. Priority Order: TDS variables should be placed after TDS component.

Sample Payslip with TDS variable:

image

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Comments

  1. UnknownDecember 14, 2018 at 12:53 AM

    Madhavi, Add a sample payslip here for better preview of the payslip and its information. --Sai Kumar Kommuri

    ReplyDelete
  2. Kani MozhiJune 11, 2020 at 4:03 AM

    Thank you for taking the time to provide us with your valuable information. We strive to provide our candidates with excellent care and we take your comments to heart.
    HRMS Software
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    HRMS Software in Dubai
    HRMS Software in UAE

    ReplyDelete

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