Add Other Income
Capture the other income details of an employee, which is considered for income tax computations.
Add Other Income
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As a payroll user, from the home page navigate to Payroll Calculation > Manage Person > Manage Calculation Card > Income Tax Deductions > Complete Investment Declaration > Add Other Income .
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The details of the attributes captured in this section include:
S No. Field Necessity Description 1 Profits and Gains from Business
Optional
Enter the amount from profits and gains in business.
2 Short term Capital Gains not covered u/s 111A
Optional
Enter the amount from the short term capital gains.
3 Interest on deposits in Savings bank account
Optional
Enter the interest amount received from deposits in savings bank account.
4 Interest income from Fixed Deposits
Optional
Enter the interest amount from fixed deposits.
5 Interest income from recurring deposits
Optional
Enter the interest amount received from the recurring deposits.
6 Interest Income on NSC
Optional
Enter the interest received from NSC.
7 Income from any other sources
Optional
Enter the income from any other sources.
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Click Submit.