Section 10 Exemption Entry

Employee Tax Data - An overview

Page objective

What you can do in this page

Glossary

Basics of using a Ramco Enterprise Series web page

Using online hlep

The “Section 10 Exemption Entry” page appears.

The system displays the following.

Date format

The date format as applicable to the login user.

Employee Tax Data Unit

Select the employee tax data unit from the drop-down list box, for which the employee tax details must be recorded. By default, the system displays with “Select” Value.

Employment Unit

From the drop-down list box, select the employment unit for which the employee tax details must be recorded. By default, it displays with “Select” value.

Tax Year

By default, the system displays the current tax year. From the drop-down list box select the tax year for which employee tax details must be specified. The drop-down list box lists all the tax years defined in the “Create Tax Year” activity.

 

Current tax year indicates the year in which the system date lie within the start and end date of the tax year. If such tax year is not defined, the system will default “Select” value.

The system displays details for the following items.

Items

The following are the items for which the tax details of an employee can be recorded.

  • Section 10 exemptions

For each of the item the following details are displayed.

Records Declared

The total number of records that are declared by the employees for an item.

A declaration is a statement, given by the employee requesting the employer not to deduct taxes as he/she plans to invest money in different securities for the tax year that would yield tax exemptions. The securities can be bonds, saving certificates, etc. Later, the employee submits proofs indicating that he /she has invested money as declared.

Records Authorized

The total number of records that are authorized for the respective item.

Records Rejected

The total number of records that are rejected for an item.

To view tax information of an employee

The system displays the following details for the selected tax year.

To record data for a tax item

The respective page is launched.

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6      Hyperlinked topics below

Page objective

Use this page to view the status of the tax details for each item. You can also record the tax details for an employee.

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What you can do in this page

To view tax information of an employee

To record data for a tax item

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