How can admin generate a report to find marginal tax deduction for selected month?

Tax deductions are typically calculated based on an individual's total income and expenses for the entire tax year, rather than every month. Deductions are claimed when filing annual tax returns, and they are applied to the overall income earned during the tax year.

To view the marginal tax deductions for a particular month, admin can download the IT Worksheet report.

To generate an Income Tax Worksheet report, the admin must perform the following actions:

1. From the greytHR Admin portal, navigate to Reports > Reports > Reports Gallery. The Reports Gallery page opens.
2. In the search box, enter the Income Tax Worksheet. The Income Tax Worksheet form opens.
3. Select All Employees/Selected Employees as per your requirement.
4. Click Options to customize the report.
5. From the Employee Category dropdown list, select the required category.
6. Select Show Resigned Employees, if applicable.
7. From the Report Output Type dropdown list, select the type of output of the report.
8. Click Save to save the customizations.
9. Click Generate to generate the Income Tax Worksheet.

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