TDS for Indian Payroll – An Introduction

Payroll in India is a highly intricate and interesting function. It can roughly be divided into two parts as Processing the payroll and fulfilling payroll compliance requirements. Income tax is one of the major compliance requirements that the payroll department has to fulfil.

Like most other compliance requirements such as Provident fund and ESI, fulfilling compliance requirements for income tax consists of Computing and deducting the income tax, from the salary of employees and remitting the deducted tax to the income tax department along with the required information in the provided format, which is also referred to as ‘Filing returns.

This master course on TDS for Indian payroll, is targeted at providing information to learners about both of these aspects of income tax.

This part of the master course has placed a special emphasis on explaining the required terminology towards beginning so that it is easy for the learners to co-relate the same in the later part of the course.

By the end of this course, you would be able to:

Define the concepts related to the Income tax Act pertaining to salaried taxpayers.

Describe the provisions of the Income tax Act related to computation, deduction and remittance of income tax of an organization and filing the returns

Compute the Income tax due from employees based on their earnings

For further details into each of the sections mentioned in this part of the course, you may refer to the next part of this master course. ‘TDS for Indian payroll – For Professionals’.

We hope that this part of the master course, introduces you to the basics of income tax applicable to Indian payroll within maximum 90 minutes and helps to understand basic structure of the activities of a payroll department with regards to Income tax.