An Income tax report provides a comprehensive overview of an individual or business's taxable income, deductions, credits, and tax liabilities. It calculates the amount of tax owed to the government based on applicable tax laws.
To generate an income tax report for a resigned employee, the admin must perform the following actions:
From the greytHR Admin portal, navigate to Payroll > Payroll Inputs > Income Tax. The Income Tax page opens.
Click the select an employee search box, and from the dropdown list select Resigned Employees.
In the enter employee name or number search box, enter the resigned employee’s name or number for whom you want to download the report.
Select the required month and year.
Click Download to generate an income tax report for the resigned employee.
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Related Links:
Video- To watch the video on IT Declaration, click here.
FAQs- To read more about IT Declaration, click here.
Documentation:
- To read more about IT Declaration, click here.
- To read more about viewing employee's IT Statement, click here.
Product Update- To read our product update, click here.
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