STEP - 4
RUN PAYROLL
Select the type of “Income Tax Computation” from the drop-down.
Compute for this month: By selecting this option the tax will be computed based on the earnings of the employee and IT declaration.
Use previous months' TDS: By selecting this option tax will be deducted as per the Tax deducted in the previous month's payroll. This option should not be used during the year-end payroll i.e., March.
Consider zero TDS: When this option is selected, the tax will not be deducted for the month. Since there is no Income Tax deduction, you will not have an override option. This option should not be used during the year-end payroll i.e., March.
Select either All Employee or Selected Employee from the drop-down against “Run payroll For”.
By selecting “All Employees” you will run the payroll for all employees.
By choosing the “Selected Employees” you will run the payroll for the selected employees by selecting their code or by importing the employee’s list.
Override Income tax
Click the “Override Income Tax” option to change the system-calculated Income Tax.
Please note that this option will not be available for the month of March as it is the last month of the Financial Year and we cannot do any tax adjustments in that month.
Search for the “Employee code/Name”.
Enter the Income tax “Amount”.
Click “SAVE”.
Select the “Import list to override income tax” option from the dropdown to override Income Tax for Multiple Employees.
Click “Download template”.
Update the details under the “Import list to override the income tax” sheet in the generated Excel workbook and “Save” the file.
Click “Choose file” and select the file.
Click “Import”.
You can override Income Tax provided you have selected the Income Tax Calculation Type as “Compute for the month”.
Click “Next” to go to the next step which is "Confirm Payroll". For further details, click here.