Maintaining company set up details
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Select the "Company tax Setup” link from the left pane.
The "Company Tax Setup" page appears.
The system displays the following fields.
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Date Format |
The date that is applicable to the login user. |
From the “Company Tax Setup” drop-down list box select the organization unit in which the tax setup must be deployed.
As you specify the organization unit, the system displays the following. It also displays the details if entered earlier. You can modify any or all of them.
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Company |
The name of the company in which the tax set up unit has been deployed. |
Enter the following details.
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TAN Location |
From the drop-down list box, select the TAN Location to which the employee belongs. You can generate reports based on TAN location. It also simplifies the identification of the TAN number. |
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TAN No. |
The Tax Deduction Account Number issued by the Income Tax department entitling the person to deduct tax at source if the payments exceed maximum taxable amount. This unique number is quoted in all relevant challans, tax deduction certificates, TDS returns and other notified documents. |
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TDS Circle |
By default, the system displays with “Select” value. It displays all the values defined in the “Create Quick Codes” activity of “HRMS General Masters” component. From the drop-down list box, select the TDS (Tax Deducted at Source) circle to which the company is attached. This indicates the specified TDS circle is the unit of the Income Tax Department that is entitled to collect and levy taxes from the company. |
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PAN No. |
The permanent account number issued by the Income Tax department identifying an individual. It is a unique ten-digit alphanumeric number and is quoted for every correspondence with the income tax department. For example, AFRPP1595D. |
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Employer Type |
From the drop-down list box select the employer type By default the system displays “Select” value. The following values are listed namely, “Central Government”, “State Government”, “Local Authority”, ”Central Government company/ Corporation established by a Central Act”, “State Government company / corporation established by a State or Provincial Act”, “Company not failing under Code 04 or 05”, “Firm”; “Individual” and “Any Other”. |
In the “Company Address”, group box, enter address details of the company.
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Address |
The address in which the company is located. |
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State |
From the drop-down list box select the state in which the company is located. |
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District |
As you select the state in the “State” drop-down list box, all the districts mapped to the selected “State” will get listed in the drop-down list box. |
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City |
The name of the city in which the company is located |
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Postal Code |
The postal code of the place. |
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Phone 1 |
The phone number of the company. |
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Fax 1 |
The number at which the fax can be sent. |
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Phone 2 |
The second phone number of the company |
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Fax 2 |
The second number if any at which the fax can be sent |
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Phone 3 |
The third phone number if any |
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The mailing address of the company. |
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Website |
The address of the company’s website. |
To specify authorized signatory details
From the “Authorized Signatory Basis” drop-down list box select the basis i.e., “Work Location”, “Department”, “Organizational Unit” or “Employment Unit” for which you can specify persons to authorize statutory forms on behalf of the employer. Statutory forms are Form 16, 24, etc.
In the “Authorized Signatory” multiline, specify the persons who are authorized to sign the statutory forms.
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Is Employee |
Select “Yes” to indicate that the specified person is an employee of the company. |
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Otherwise, select “NO”. | |
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Employee Code |
Specify the employee code if you selected “Yes” in the “Is Employee” field. |
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Name |
The name of the person who is entitled to sign the statutory forms. |
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Designation |
The job description of the person. |
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Basis |
Specify the name of the option selected in the “Authorized Signatory Basis” drop-down list box. For example, if you selected “Department” option, then you must specify the department name in this field. |
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Help available |
Select the “Save” pushbutton to save the details entered.
6 Hyperlinked topics below
Use this page to define or modify company tax setup details.
To specify authorized signatory details