I have recently joined a start up firm in Bangalore as HR. Currently, we have total 10 employees and I have the responsibility of hiring, training, employee relations , preparing offer letters , payslips etc. Since I used to work in a big company previously, I never prepared payslips as it used to come automatically from the Payroll team. Now , my biggest challenge is to prepare payslips as I do not know how to calculate income tax, TDS, professional tax etc. I can show the earnings on the left side of the payslip but how to calculate tax etc which come on the right side of the payslip.
It is a bit urgent. Any help would be highly appreciated. thanks in advance
Kavita 15th April 2015 From India, Bangalore