Voluntary Deduction Element Creation
You can now use the voluntary deduction classification to create the voluntary deduction elements, for Cloud India Payroll. With this enhancement, select the required voluntary deduction option and answer the questionnaire to create voluntary deduction elements.
Process the voluntary deductions for the employees and be legally compliant by providing the tax exemption as per the income tax rules.
Steps to Enable
To create the voluntary deduction element:
- From the home page, navigate to My Clients Group > Show More.
- In the Payroll task, click Elements.
- Use the Create Elements task, in the Elements page.
- Choose the primary classification as Voluntary Deductions.
- Enter all the required information for the voluntary deduction element.
- Select the applicable deduction type and choose the appropriate answers for the questionnaire
- Save the changes.
- Create the element eligibility rule for the Voluntary Deduction element created.