Income Tax Refund Process (SOP)

To refund deducted Income Tax for the Employee, Kindly follow these steps.

1. Income Tax Override to the Employee with excess deducted amount in Negative for the respective Time Sheet Month.
2. Mark Zero Time Sheet Adjust for the Time Sheet and Approve the adjust to process Adjustment Payroll
3. Process the Payroll by selecting Time Sheet Adjustment
4. Payroll Transaction will be generated with Negative Income Tax Amount and respective amount will be considered as Employee Payable amount.

Income Tax Override:

For Income Tax Refund, use Income Tax Override Excel Import.

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 Dashboard >> Go to Extension Dropdown button >> Select "Income Tax override" button

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.

Time Sheet Adjustment:

Navigate to Time sheet Dashboard >> Go to Processed Timesheets >> Select processed Transaction and load Processed Time Sheets >> Update Time Sheet adjustment details. 

Zero Change in Time Sheet - no changes in Pay/Bill Periods or Loss of Pay/Bill >> Save the Details

Approve the Time Sheet Adjustment

Post approving the Time Sheet Adjustment, Navigate to Payroll Pending Adjustments 

Select the Employee and Process the Payroll.

Process the Payroll with "Consultant Timesheet Adjustment"

Post Payroll, validate Employee's TDS Computation Sheet for Income Tax Reversal update and lock the Payroll Transaction.

Reversed Income Tax Amount will be listed for Employee Payment post Payroll Transaction lock.

Refer the attached sample TDS report before refund & after refund.