Q2 2024 Software Release Updates
We have made following updates in our software this quarter.
Selection & Visibility of Regime in Tax planner:
Employees can now select the regimes in ESS. And the same would be visible in IT declaration, TDS breakup report & In IT Projection.
Generate 24Q related data even for non-TDS employees:
Helps in giving accurate F16 to required employees.
80EEA Exemption included:
Deduction for Interest Paid on Home Loan for Affordable Housing. Section 80EEA allows a deduction for interest on a loan taken for specific house property, with a maximum limit of INR 150000 for a particular financial year.
ESS Application: In Payroll > Employee IT Declaration > Save
Payslip option with IT Summary:
Based on your feedback, now we have a payslip where YTD IT summary will also be visible.
ESS Application: You can submit these details in your self-service portal also
Adding custom field & generating those details in report:
Here are the important Q2 updates majorly focusing on TDS and reporting. These updates reinforce our dedication to delivering efficient, secure, and user-friendly solutions for our clients.
Generating CTC report in bulk with theoretical numbers:
Enable the option “Include Theoretical Data”.
Referring previous salary or old salary for Leave encashment:
Example - You had given increment to XYZ in May. April salary was Rs 25000 & May is Rs 30000. Current month (June) = 30000. If you want to calculate leave encashment as per the April month gross, you can refer April month salary for leave encashment.
We have made following updates in our software this quarter.
Selection & Visibility of Regime in Tax planner:
Employees can now select the regimes in ESS. And the same would be visible in IT declaration, TDS breakup report & In IT Projection.
Generate 24Q related data even for non-TDS employees:
Helps in giving accurate F16 to required employees.
80EEA Exemption included:
Deduction for Interest Paid on Home Loan for Affordable Housing. Section 80EEA allows a deduction for interest on a loan taken for specific house property, with a maximum limit of INR 150000 for a particular financial year.
ESS Application: In Payroll > Employee IT Declaration > Save
Payslip option with IT Summary:
Based on your feedback, now we have a payslip where YTD IT summary will also be visible.
ESS Application: You can submit these details in your self-service portal also
Adding custom field & generating those details in report:
Here are the important Q2 updates majorly focusing on TDS and reporting. These updates reinforce our dedication to delivering efficient, secure, and user-friendly solutions for our clients.
Generating CTC report in bulk with theoretical numbers:
Enable the option “Include Theoretical Data”.
Referring previous salary or old salary for Leave encashment:
Example - You had given increment to XYZ in May. April salary was Rs 25000 & May is Rs 30000. Current month (June) = 30000. If you want to calculate leave encashment as per the April month gross, you can refer April month salary for leave encashment.