How to Compute Income Tax of Employee

Income Tax computation for Employees. Employees salary calculation as well as its Income Tax computation is now possible. As we describe Tally Income Tax computation has following features.

Forms 16, Form 16AA*, Form 12BA
Form 24Q* (Quarterly) and Form 24* (Yearly) as hard copy and 'e' formats
ITR1 to file Return
ITNS 281 Challan
Following reports in Income Tax has been provided
Employee wise - Computation Report
Employee wise - Salary Projection Report
Challan Reconciliation report
Income Tax related Exception Reports

This presentation gives us detailed view of how Income Tax can be computed and How to see above mentioned reports.

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