Porting computed TDS to Saral PayPack [From income tax module]

In this post, we will see the steps for porting computed TDS to Saral PayPack working and process the monthly TDS Deduction from Salary.

To start with, before going to port the computed TDS back to Saral PayPack working, you can view the Income Tax Summary at IT Summary under TDS Details.

In this window, we can view the various incomes, savings, deductions and exemptions consider for IT computation. Also viewable is the total income and total tax computed.

Note: The details can be exported to an excel sheet by clicking on To Excel button.
After confirming on the details, port the computation back to Saral PayPack for monthly TDS deduction. To port back, click on Port Computed TDS to Salary under TDS Details.

Here, select the Financial Year, Month and Salary Structure and all the employees for who TDS is computed under the selected criteria will be displayed.

The TDS for the selected month will be displayed in the EMI for Month column against the particular employee. If the same amount has to be deducted as TDS for the month, click on Port and the value will be transferred to Edit TDS column. Now click Save.

The same value will be deducted for the particular month salary which can be viewed in Salary Editor.

If you want a different amount than that shown by the software, enter the amount to be deducted in Edit TDS column against the particular employee and click Save.

The entered amount will be taken as TDS to be deducted for the month and the same can be viewed in Salary Editor.

If a standard amount has to be deducted for a few months for a particular employee or a group of employee, then we can schedule the amount for the particular number of months similar to standing instruction definition.
To set the standing instruction, click on TDS-SI.

Here, click on Add Emp to add the required employees.

Now, the filter screen will be displayed. Select the required filters and on employee display, add them.

Select the required employee and the required months for which standing instruction has to be set. Also, enter the required amount for each of the months that are required to be deducted as TDS.

Back in the TDS port window, click on Port and the value entered as standing instruction for the particular employee in the month will be made available in the Edit TDS column. On confirming the amount, click on Save.

The same value will be deducted for the particular month salary which can be viewed in Salary Editor.

Note: If the value in the TDS Deducted column is displayed in purple colour, it indicates that the TDS deducted is more than the TDS computed. Similarly, if the value in the Edit TDS column is displayed in orange colour, it indicates that the TDS deducted is more than the Total Taxable Amount.

Below is the window, are few user-friendly options to ease the process.

• Edited TDS is more than Net Amount – on enabling this option only records for which the TDS deducted is more than the Total Taxable Amount will be displayed
• Show who does not hold PAN – on enabling this option only records for which Valid PAN is not available will be displayed.
• Filter options are available to display only the records based on the filter given.

Note:
Records not having Valid PAN will have tax computed at default 20% from Rupee 1 of salary.
Finally, This completes the process of TDS porting in Saral PayPack.