
At the end of this lecture, you will be able to understand the objectives of the course
At the end of this lecture, you will be able to list the the sources of payroll inputs and objectives to be achieved while collecting payroll data
At the end of this lecture, you will be able to comprehend the basics of payroll computation
At the end of this lecture, you will be able to comprehend the method of computing Gross Pay, Total Deductions and Net Pay.
At the end of this lecture, you would be able to explain the process of disbursing salary
At the end of this course, you will be able to describe the function of printing and distributing pay slips and reimbursement slips
At the end of this lecture, you would be able to know some details about Maternity Benefits and DEWS related compliance requirements
At the end of this lecture, you would be able to list some of the frequently asked queries by employees
At the end of this lecture, you would be able to understand the best practices and objectives of Answering Employee queries
At the end of this lecture, you would be able to know the various types of Government queries and ways to resolve them efficiently
At the end of this lecture, you would be able to comprehend the types of MIS prepared by the payroll department not based on deductions from salary
Payroll in India is a complex and engaging function, broadly divided into payroll processing and payroll compliance. Income tax is a critical compliance requirement for the payroll department.
Similar to other compliances like Provident Fund (PF) and Employees' State Insurance (ESI), income tax compliance involves computing and deducting income tax from employee salaries and remitting the deducted tax to the Income Tax Department with required information in the prescribed format, known as "filing returns."
This master course on TDS for Indian payroll aims to educate learners on both aspects of income tax.
This part of the master course emphasizes explaining essential terminology at the beginning, facilitating understanding in subsequent sections.
By the end of this course, you will be able to:
Define Income Tax Act concepts relevant to salaried taxpayers.
Describe Income Tax Act provisions related to income tax computation, deduction, remittance, and return filing.
Compute income tax due from employees based on their earnings.
For detailed information on each section in this course, refer to the next part of this master course, "TDS for Indian Payroll – For Professionals."
We hope this part of the master course provides a foundational understanding of income tax applicable to Indian payroll within 90 minutes and clarifies the basic structure of payroll department activities concerning income tax.