Income Tax
This page provides a step by step guide for FAQs related to 'Income Tax' menu in the Cloud portal
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This page provides a step by step guide for FAQs related to 'Income Tax' menu in the Cloud portal
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Step 1: Go to the ‘Income Tax’ and under the ‘Utilities’ click on the ‘Year End Transfer’
Step 2: Select the ‘Company Name’ and then click on the ‘Transfer’ button.
Next, you need to do section updation so that the financial year change will be reflected in the ESS portal properly.
Step 3: Go to ‘Income Tax’ menu, under the ‘Utilities’ click on the ‘Web Post’.
Step 4: Select the ‘Section Updation’ option, and click on the ‘Section Updation’ button and new financial year will be created.
Note: Ensure that the payroll for all the months of previous year are successfully processed
Path: Cloud Portal>Income Tax>Utilities>Year End Transfer
In Pocket HRMS Webpost, is about updating the Income Tax module with respect to section updates, and managing the flow of declarations/proof entries between the ESS (Employee Self-Service) portal and the cloud portal. It can be approached using the following four options:
This involves updating the income tax sections within the HRMS to reflect the latest changes in tax laws and limits. This step ensures that the system is aligned with current tax regulations for accurate tax calculation.
This option imports employees' income tax declarations from the ESS portal into the cloud-based HRMS. This allows HR to centralize and review declaration data submitted by employees directly through the ESS.
Through this option, you can import proof of declarations (such as rent receipts, medical bills, etc.) that employees have submitted on the ESS portal into the cloud HRMS. This provides a streamlined approach for HR to verify and process proof submissions in one place.
This option imports any attached proof documents that employees have uploaded on the ESS portal. It’s especially useful for tracking and maintaining supporting documents for tax declarations. It helps HR to keep records compliant and accessible.
This option allows the export of any updates or verified income tax data from the HRMS back to the ESS portal. Employees can then view their updated declaration status, verification outcomes, and overall tax position in real-time on the ESS portal.
If you need to add or make any changes in the PF tag, ESI tag or wage tag, we suggest you to contact our support agent.
Step 1: Log into the cloud portal, go to the ‘Income Tax’ menu and under the ‘Transaction’ click on the ‘Previous Employers Tax’ option.
Step 2: Click on the ‘View’ button and you will see list of all employees whose tax details are not updated.
Step 3: You can enter employee code in the ‘Select Employee’ field for whom you want to update previous employer detail and click on the search button.
Step 4: Enter the required value in the ‘Tax’ column and click on the ‘Save’ button. The previous employer’s tax details will be updated accordingly.
Path: Cloud Portal >Income Tax>Transaction>Previous Employers Tax>View or Select Employee>Search >add the value in Tax column >Save
Step 1: Log into the cloud portal, go to the ‘Income Tax’ menu and under the ‘Utilities’ click on the ‘Income Tax Process’ option.
Step 2: Click on the ‘All Employees’ button at upper right corner of the screen, select Month and Year. Tick the ‘Proof wise’ option if required and click on the ‘Process’ button. The income tax will be processed in bulk accordingly.
Path: Cloud Portal>Income Tax>Utilities>Income Tax Process>select required details>Process
Income tax is calculated based on the selected tax regime, the salary earned, and the declarations made by the employee. The tax is determined after considering exemptions, deductions, and applicable tax slabs for the individual.
When it comes to changing the financial year,
Note: Close all the income tax declarations proof entries and import the same from self-service portal. Ensure that payroll is processed for all moths with income tax if needed.
Depending on your company policies you can approve investment proof
If you find any mistakes in the TDS details please check the factors listed below to ensure accurate TDS.
Make sure to run the payroll under financial year with income tax.
If employee fill declaration with proof then payroll should be processed with proof.
After ensure above points download the employee worksheet to check TDS calculations again
When it comes to changing the financial year,
Note: Close all the income tax declarations proof entries and import the same from self-service portal. Ensure that payroll is processed for all moths with income tax if needed.
Link:
For any queries, contact
Path: Cloud Portal>Income Tax>Utilities>Web Post Link:
For any queries, contact
For any queries, contact
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For any queries, contact
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For any queries, contact
For any queries, contact
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For any queries, contact
To check the TDS calculation of employees you need to .
, authorised entries in employee’s profile to verify the details.
You can if payroll is already procced without income tax.
For any queries, contact
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For any queries, contact
