How TDS is calculated in Kredily HRMS?

In Kredily HRMS, TDS (Tax Deducted at Source) calculation is a seamless and automated process. The system ensures accurate calculations based on two key factors:

Factors Affecting TDS Calculation

• Tax Scheme Chosen by the Employee: The tax scheme selected by the employee plays a crucial role in determining the TDS amount.
• Declaration Proof Submitted: The declaration proof submitted by the employee is also taken into account for TDS calculation.

Automated Calculation

The system automatically calculates the TDS amount based on the gross salary of each employee. This ensures that the TDS calculation is accurate, efficient, and hassle-free.

With Kredily HRMS, you can rely on the automated TDS calculation process to save time and minimize errors.