E-return – Option Setting
In this section, we will understand how to configure the basic settings that control the calculation, management, and export of TDS (Tax Deducted at Source) data in Saral PayPack.
To proceed, navigate to TDS Details → e-Return.
Select the Financial Year and Quater from the drop-down list. Under the General tab, select the Settings button.
Now, let us configure the different options available for TDS settings.
General:
Under the General section, enable the required options based on the company’s requirements and filing process.
- Create e-Return in Separate Folder if you want each e-return to be saved in its own separate folder to avoid overwriting and keep files organised.
- Allow Re-numbering of Deduction and Challan to edit or reorder challan and deduction numbers to correct mapping or sequencing errors.
- Deductor Details for Each Quarter if the deductor details may change each quarter or when different branches file separate quarterly returns.
Deduction Details:
Under the Deduction Details section, enable the following options based on the company’s TDS calculation requirements.
- Allow Tax Info to be Freely Edited to manually correct the tax.
- Allow Part Payment to avoid challan mismatches during summary or FVU validation.
Next, select the salary base used for TDS calculation as Gross-PF-PT, Gross Salary, Gross-PT or Open Component. Enable As per SIT to calculate the TDS using SIT (System/Standard Income Tax) rules configured in the software and Include Perquisites to add the value of employee perquisites to their taxable income.
Enter the applicable Surcharge and Cess rates for the financial year so they reflect correctly in Form 24Q/26Q and employee calculations
Round-Off Setting:
Select the required Round-Off Tax to (In Deduction) option to round off the tax value.
- Nearest Rupee to round the values to the nearest rupee.
- Higher Rupee to round the value to the higher rupee.
- None (2 Decimals) to round the values to two decimals.
Default Load:
Under the default FUV load section, select the required file validation utility used for TDS return validation as Java FVU or Relyon FVU. Finally, click on Save to save the settings .
