Payroll Tax & Reports
Frappe HR's flexibility allows you to map tax configurations to any region. Define income tax brackets, manage tax exemptions, and verify submissions. Stay informed throughout your payroll with payroll tax details and an income tax calculation report.
Income tax bracket formation
Frappe HR allows you to configure multiple income tax brackets with rates and terms. Link an employee's preferred tax regime to their salary structure. You can easily add additional taxes such as health and education tax to your income tax calculations. You can also define the minimum and maximum taxable amount to which this tax applies.
Submitting tax returns and proof of exemption
Help your employees understand the benefits they can take advantage of by documenting their tax exemption categories. At the beginning of the payroll period, employees can fill out their tax exemption returns, which are automatically factored into payroll calculations for accurate deductions.
At the end of the payroll cycle, employees can upload proof of exemption to support their returns. You also have the option to deduct tax on unsubmitted proofs, ensuring full compliance.
View income tax details on payroll
Are you having trouble understanding how to extract the tax amount from your salary certificate?
The salary certificate generated in Frappe HR gives you a complete overview of your tax calculations - taxable income tax, exemptions, returns, non-taxable earnings, annual taxable amount, income tax deducted to date, and future deductions.
Income Tax Account Report
Visualize how your tax is calculated with exemptions, annual taxable income, tax applied, tax withheld to date, and future deductions.
Review Payroll Cycle Using Payroll History Report
Before you finish preparing your employee payroll, make sure your Frappe HR Payroll History Report is accurate. This report provides an accurate overview of all your employee payrolls.
It is packed with key details of each employee’s payroll – paydays, earnings, deductions, statutory component amounts, loan repayments, gross pay, and total deductions that represent the actual net pay.
Identify any errors or discrepancies before submitting, ensuring a smooth and accurate process. You can also refer to this report for historical payroll data.
Compliance and Accounting Reports
Maintain compliance with payroll reporting for statutory components such as provident fund, professional tax and income tax deductions. Track employee transactions through reports such as general ledger, accounts payable and accounts receivable. You can track bank transactions related to salaries between the company and employees with the help of bank transfer report.
