Surcharge is a tax on tax. It is levied on the tax payable, and not on the income generated. Surcharge is levied on the amount of income tax at the following rates if the total income of an assessee exceeds specified limits. From FY 2023-24, the calculation of surcharge is [...]
This help document describes how you can calculate Tax Liability from Income Tax using an online income tax calculator. Step 1: Open the income tax calculator Step 2: Fill in Basic Details Step 3: Key in your Salary Details Step 4: Declare your investments [...]
Introducing a web portal for salaried employees to calculate income tax with data from their pay slips. Save tons of tax using the Income Tax Calculator. Let's find out how easy it is to use the calculator to calculate Income Tax. Step 1: Open the income tax calculator Step [...]
Is it really possible to fully automate your overtime calculation? Even when you have thousands of employees, working in different shifts, drawing different salaries, having different designations? Yes, it's possible. You need an overtime calculation software and time attendance devices to fully automate your payroll and overtime calculations. Now, we are going to consider [...]
In the previous video, we calculated overtime automatically for all employees who work beyond planned work hours. But, if an employee works on a Holiday or a Weekly Off day, he deserves to be paid more than his usual pay. This help document describes how you can configure Lenvica HRMS to get this done. [...]
In the previous video, we calculated overtime automatically for all employees who work beyond planned work hours. But I want to calculate overtime differently for different groups of employees and overtime is not applicable for some groups. This video describes how you can configure Lenvica HRMS to get this done. In my company, overtime [...]
In the previous videos, we were automating the calculation of overtime. The automation is working well, but sometimes, my employees come late to work and they work overtime after the regular work hours. In this case, I want to deduct the Late-In when calculating the net overtime hours. This video describes how you can [...]
To calculate Taxable Income and to learn how it is calculated, follow the steps below. We are using an Income Tax Calculator to calculate Taxable Income with data from your payslip and the tax saving investments you have made. Step 1: Open the Income Tax Calculator Step [...]
Introducing a web portal for salaried employees to calculate income tax from their payslips. Let's find out how to use the Income Tax Calculator to calculate your tax in easy steps. Step 1: Open the income tax calculator Step 2: Fill in basic details Step 3: Key in your [...]
Let's find out how you can calculate Income Tax from Taxable Income using an online income tax calculator. Step 1: Open the income tax calculator Step 2: Fill in the basic details Step 3: Key in your salary details Step 4: Declare your investments Step [...]
