TDS for Indian Payroll - For Professionals

TDS for Indian payroll
Free tutorial
Rating: 4.6 out of 5 (11 ratings)
641 students
1hr 29min of on-demand video
English
English [Auto]

Describe the applicability of the provisions of Income tax Act to salaried taxpayers
Explain the computation methodology to be applied in some more complex cases as compared to the first course
Compute the tax due from employees considering the concepts learnt so far
File returns using Challan 281 and Form 24Q with the details computed

Requirements

  • Basic knowledge of payroll processes in India and various components of salary
  • Completion of the course TDS for Indian Payroll - An Introduction

Description

This is the second part of the Master-course on TDS for Indian payroll. In the earlier part, we have studied the basic concepts used in Income tax, the basic methodology of computing the tax on income of an employee, and taken an overview of the process of filing returns with the income tax department as a statutory compliance requirement for a payroll department

In this course, let's discuss the practical implications of the various provisions of the income tax act required for processing payroll for Indian employees. This course is focused on giving a detailed overview of the various provisions of the income tax act pertaining to the computation of gross income, deductions, exemptions, net taxable income, and also the tax to be deducted from the salary of an employee.

The course is divided into four sections. The first section deals with taking a recap of the concepts learned during the previous part of the course. The second section deals with computing the gross annual income of the employee considering various components of the salary, from the point of view of the income tax act. The third section deals with various deductions and methodologies to compute the net taxable income and income tax to be deducted from the salary. The fourth section deals with the detailed procedure of filing returns using challan 281 on monthly basis and using Form 24Q on a quarterly basis.

By the end of this course, the learners are expected to:

a) Describe the applicability of the provisions of Income-tax Act to salaried taxpayers

b) Explain the computation methodology to be applied in some more complex cases as compared to the first course

c) Compute the tax due from employees considering the concepts learned so far and,

d) File returns using Challan 281 and Form 24Q with the details computed

Who this course is for:

  • Payroll Executives

Instructor

Academic Initiative by Greytip software Pvt.Ltd.
greytHR Academy
  • 4.6 Instructor Rating
  • 1,176 Reviews
  • 8,065 Students
  • 12 Courses

greytHR Academy is an initiative from Greytip Software Pvt. Ltd.
Greytip is India's leading provider of HR & Payroll solutions. Over the years as we have interacted and worked with thousands of organizations, we have accumulated a wealth of knowledge and learnings on the HR & Payroll domain and processes. This initiative is an effort to share our knowledge and help in building a strong and knowledgeable community of HR & Payroll professionals.

Top companies trust Udemy

Get your team access to Udemy's top 15,000+ courses