Enhancement to Statement of Earnings, Review Summary and Tax Regime Comparison Report

As a Payroll Administrator, you can review additional tax-related information across key payroll views. These enhancements provide greater visibility into previous employment income and Chapter VI-A deductions, helping you understand the values considered in an employee’s income tax calculation.

Review Previous Employment Details in the Statement of Earnings
Use the Statement of Earnings (SOE) to review previous employment information considered in the employee’s income tax calculation.
If  previous employment information is available for the financial year, the SOE displays a separate previous employment region with the following information:

• Gross Salary
• Income Tax deducted
• Professional Tax deducted  
• Exemptions under Section 10

The information is sourced from the Previous Employment information entered through employee self-service.
For employees who join during the financial year, these details help you understand how income, tax deducted at source, and applicable exemptions from the previous employment contribute to the current income tax calculation.

Review Chapter VI A Deductions in Review Summary
Use Review Summary to review the employee’s Chapter VI A deduction details for the financial year.
You can review the section wise deductions, submitted, and approved amounts. This information helps you validate the deductions considered in the employee’s income tax calculation and compare the submitted amount with the approved amount.

Compare Deductions in the Tax Regime Comparison Report
Use the Tax Regime Comparison Report to review the treatment of Chapter VI A deductions across tax regimes.
The report:

• Displays applicable Chapter VI A deductions under the Old Regime
• Identifies deductions that aren’t applicable under the New Regime Dashboard
• Provides a side-by-side comparison of the income tax calculation under the old and new tax regimes
• Displays deduction values in consistence with the SOE and Review Summary

This comparison provides additional context when reviewing differences in the employee’s tax calculation under the old and new tax regimes.

Review Consistent Tax Information Across Payroll Views
Income, deduction, and tax information is calculated consistently across:

• Statement of Earnings
• Review Summary
• Tax Regime Comparison Report

Consistent information across these views helps you review payroll results and investigate differences in income tax values using the same underlying tax information.
 

Improve visibility into the income and deduction information used in employee tax calculations. Consistent tax information across the payroll views helps payroll teams validate the calculations, investigate the differences, and perform income tax reviews more efficiently.

Steps to enable and configure

You don't need to do anything to enable this feature.