Income Tax Refund Process

Follow the below mentioned steps and process to manage the income tax refund to employee if any excess deducted from employee and same refund details will manage in the employee TDS computation sheet & Report for filing.

Steps 1: Navigate to income tax override option which is available under Time sheet module & Payroll module . Refer the attached screenshot. Navigate to Time sheet module >> Choose the extension option >> Select the Income Tax override option.

Steps 2: Choose the bulk import option to update the income tax refund amount and download the sample sheet. Fill the all inputs details with refund tax amount in negative.

Steps 3: Once prepare with excel import sheet upload the same with validate & save. Refer the attached sample import sheet for your reference. Process the employee with tax refund amount. In the pay register report tax refund will available under payable amount. Refer the attached sample pay register report for your reference.

Steps  4: Tax refund amount will manage in the excess deduction of the employee Tax amount in TDS computation sheet & Report for filling.  Refer the attached sample TDS report before refund & after refund.