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Payroll Tax & Reports
Frappe HR’s flexibility enables you to map tax configurations for any region. Define income tax slabs, manage tax exemptions, and proof submissions. Stay informed throughout your payroll period with tax breakups on salary slips and the income tax computation report.
1.
Configure income tax slabs
2.
Submit tax declarations & exemption proofs
3.
View income tax breakup on salary slips
4.
Income tax computation report
5.
Manage flexible benefits
5.
Review your payroll cycle with the salary register report
6.
Compliance & accounting reports
Configure income tax slabs
Frappe HR lets you configure multiple income tax slabs with rates and conditions. Link the employee’s preferred tax regime in their salary structure assignment. Easily factor in additional taxes like Health and Educational Cess on top of the income tax calculations. You can also define the minimum and maximum taxable amount for which this tax would be applicable.
Submit tax declarations & exemption proofs
Help your employees understand the benefits they can avail of by documenting tax exemption categories. At the start of the payroll period, employees can fill up their tax exemption declarations, which are automatically factored into payroll calculations for accurate deductions.
Towards the end of your payroll cycle, employees can upload exemption proofs to support their declarations. You also have the option to deduct tax for unsubmitted proofs, ensuring complete compliance.
View income tax breakup on salary slips
Have you ever struggled with understanding how the tax amount was derived on your Salary Slip? A salary slip generated in Frappe HR gives you a complete overview of your tax calculations - CTC, exemptions, declarations, non-taxable earnings, annual taxable amount, income tax deducted to date, and future deductions.
Income tax computation report
Visualize how your tax computation is taking effect with exemptions, annual taxable income, applicable tax, tax deducted to date, and future deductions.
Review payroll cycle with the salary register report
Before finalizing your payroll, ensure accuracy with Frappe HR's salary register report. This report provides a meticulous overview of all the salary slips. It's packed with key details for every employee payslip - payment days, earnings, deduction, and statutory component amounts, loan repayments, gross pay, and total deductions accounting for the actual net pay. Identify any errors or discrepancies before submission, ensuring a smooth and accurate process.
You can also refer back to this report for historical salary data.
Compliance & accounting reports
Keep your compliance in check with payroll reports for statutory components like provident fund, professional tax, and income tax deductions.
Track employee transactions with reports like the general ledger, accounts payable, and receivables. You can track payroll-related bank transactions between the company and the employees with the help of the bank remittance report.
Manage flexible benefits
Manage pro rata or lump-sum payments against benefit claims for employees who are entitled to flexible benefits based on their salary structures.
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