TDS calculation and management refers to determining the amount of tax to be deducted at source from an employee’s salary or any payment to any professional before the credit.
It involves applying the tax rate as per the income group to the applicable amount and computing the TDS to be deducted at the source. This deducted amount is directly paid to the government for income tax adjustments by the employer.
Our TDS software updates automatically with the latest tax rates and slabs, ensuring calculations reflect current regulatory standards eliminating manual calculations and reducing errors. This guarantees compliance with Indian tax law for both salary and non-salary payments.
Generate returns forms such as “form-16, 24Q, 26Q, 27Q, and 27EQ” easily and submit them in the required format. The HR & payroll software offers automatic validation of PAN and Challan details reducing errors and rejection rates.
Employees can easily declare investments, tax-saving options, and exemptions through a secure “Employee Self-Service” portal, with real-time updates reflected in the TDS calculation. This feature improves transparency and reduces payroll team workload.
The system recalculates TDS in real time based on any declared bonuses, commissions, or investment changes. This helps avoid under or over-deduction, ensuring accuracy and full compliance.
Get automated notifications for upcoming filing deadlines and payment schedules. This helps you meet compliance timelines without any manual effort.
Bharat Payroll allows multi-user access with customizable permissions, enabling payroll and HR teams to manage TDS processes collaboratively while ensuring data security.
Bharat Payroll’s system is equipped with up-to-date tax slabs and rates, ensuring accuracy in all TDS calculations. This is critical for both salary-based and non-salary deductions, including NRI payments.
Employees can declare investments, exemptions, and other tax-saving measures via a secure self-service portal. This data feeds directly into the TDS calculation, providing real-time adjustments.
With a few clicks, Bharat Payroll prepares TDS returns, formatted as required for government submissions. Returns are generated in forms 24Q, 26Q, and more, ensuring compliance and reducing administrative effort.
To ensure error-free TDS filing, Bharat Payroll validates all essential details like PAN, TAN, and Challan information. This reduces rejection rates and expedites the filing process.
Bharat Payroll keeps track of all payments made and creates accurate records for audit purposes. The reporting feature provides a comprehensive overview of TDS deductions and payments.
Stay compliant effortlessly with automatic updates to tax slabs and rates, ensuring accurate, compliant TDS calculations for all types of income.
Automated processes eliminate manual work which results in reduced error rates and more time for additional strategic payroll tasks.
Empowering employees with a self-service portal increases trust and reduces payroll inquiries, as employees can independently track TDS deductions and declarations.
Seamlessly connect TDS calculations with overall payroll processing, allowing a unified solution for payroll, compliance, and tax management.
Generate in-depth TDS reports with a few clicks, allowing for easy audit preparation and ensuring statutory compliance.
Keep historical TDS data securely within the system for quick reference, ensuring compliance and ease of reporting even for multi-year audits.
Bharat payroll provides automated alerts for filing and payment due dates. This helps your team stay compliant with deadlines and reduces the risk of penalties.
As employees update their investment declarations, Bharat Payroll recalculates projected TDS, allowing for real-time adjustments. This helps employees manage their tax liabilities better, particularly when bonuses or one-time payments are included.
Bharat Payroll supports importing bulk data from formats like Excel, allowing for efficient data entry, TDS calculation, and record-keeping. This feature is invaluable during payroll reconciliation or when consolidating data across multiple departments.
The software performs validation checks, including PAN/TAN verification and automated error detection, before submitting any TDS returns, reducing the risk of penalties due to filing errors.
Bharat Payroll enables secure, multi-user access with permission settings, allowing different roles within payroll and HR teams to view or modify TDS-related data as necessary.