Tax Deducted at Source (TDS) is an essential part of payroll management in India. Employers are legally responsible for deducting TDS on employee salaries and depositing it with the Income Tax Department.

TDS calculation with automated payroll systems

  • TDS Calculation: Calculate TDS based on income slabs and applicable exemptions.
  •  Allowance Integration: Factor in HRA, LTA, and other allowances for accurate TDS computation.
  •  Investment Deductions: Adjust deductions based on investment proofs under Section 80C, 80D, and more.
  •  Form 16 Generation: Generate Form 16 for employees seamlessly for tax compliance.

Accurate TDS calculation ensures compliance, avoids penalties, and keeps employees satisfied with transparent tax deductions.