Salaries and income tax
Salary structures, TDS on salary, declarations and Form 16. Part of Margin Payroll.
- Where do I set someone's salary?On their record: Edit profile, then the salary structure (basic, HRA, special and other allowances), the date it applies from, and the state for professional tax.
- How is TDS on salary worked out?Under the new regime by default: Margin works out each person's yearly tax from their salary, takes off the standard deduction, adds cess, and spreads what's left over the remaining months.
- How do people fill in their tax declaration?In Tax → My declaration: their salary for the year, the choice between the new regime with TDS worked out each month, or a request for a manual monthly TDS, and their estimated tax and TDS paid so far.
- How do I review declarations?Tax → Review lists everyone with their regime, estimated yearly tax, monthly TDS, TDS paid so far and their declaration.
- How do I issue Form 16?In Tax → Form 16, first fill in the deductor's details: name, TAN, PAN, address, the authorised signatory, their designation and the place.