Port Computed TDS to Salary
In this article, we will be learning on how to view computed TDS (Tax Deducted at Source) details and modify the estimated TDS for each employee.
To Begin with the process :
To proceed, navigate to TDS Details → Port Computed TDS to Salary.
Select the Financial Year, Month/Year, and Salary Structure from the dropdown list. Employees under the select salary structure will be listed with their TDS details.
Note:
- Enable the Show All option to view the complete list of employees under the selected salary structure, removing the applied filters.
- Enable Edited TDS is more than Net Amount option to highlight the cases where TDS exceeds the employee’s net salary.
- Enable Show who does not hold PAN option to view the employees who have not provided a PAN number.
- Enable Show who’s PAN is Inoperative to list employees whose PAN is not linked with Aadhaar.
- Select the required filter options to filter the employees based on specific criteria: Taxable Income, Tax Payable, Tax Deducted, and EMI. If you select taxable income, enter a Min and Max amount and click on
. - Select the Filter option to filter the employee list based on specific criteria.
- To search a particular employee from the list, enter the Ref. No. or Employee Name in Quick Search.
- Select the One Time Tax button to deduct tax in a single instance instead of spreading it across multiple months.
- Select the TDS-SI button to view or manage statutory TDS details of employees.
Modifying TDS Details:
If the automatically computed TDS needs any correction or update, double-click under the Edit TDS column for each employee and enter the correct TDS amount. Next, click on Port.
A confirmation message like successfully ported will appear, indicating that the TDS details have been successfully updated in the salary data for the selected period. Finally, click on Save.
