Tds by intellipayroll
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TDS (Tax Deducted at Source) is deducted from an employee's monthly salary, impacting their financial planning. The Intelli Payroll system allows both admin and employees to generate TDS projection reports, helping in advance tax and investment planning. Admins can email these reports to employees for better financial management.
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Tds by intellipayroll
- 1. TDS (Tax Deducted at Source) TDS (Tax Deducted at Source) is deducted from the monthly salary of an employee before making payment of salary to an employee. Employee comes to know the TDS, which is done every month by an employer and taking into consideration the amount which he actually gets in his hand, he will be able to plan his monetary transaction or financial investment. TDS projection in Intelli Payroll comes handy to know the TDS liability before hand. This helps employee to make his investment plans ready in advance and save tax. Admin can generate this report in Reports -> TDS -> TDS Projection. Select the year and employee and generate the report. Admin has the facility to mail this report to the respective employee. In the employee portal of Intelli Payroll, employee can also generate his TDS projection report.