Income Tax
Key Features of Income Tax software
Income Tax Return Software
247HRM, the Income Tax software module in our HR Management System, is seamlessly integrated with our Payroll software and our Employee Self Service software. The HRMS integration ensures that data such as savings projections, salaries, non-regular allowances and deductions are entered once and used throughout our HR Management Software.
Our Income Tax software is fully integrated with our Payroll software and allows employees to plan their taxes accurately at any time during the financial year.
Seamless integration
Our Income Tax module is seamlessly integrated with the rest of the modules in our Human Resources Management System. Salary information from Payroll & savings information from Employee Self Service are used in Tax Calculation.
Savings Projections
Employee savings projections can be captured in the Income Tax module or from the ESS at any time during the year. TDS is calculated for the remainder of the year and used while generating Payroll.
IT Planning
Employees can obtain an IT Planning excel file. The formulae in the excel sheet will allow the employee to plug in various projections based on exemptions (investments, insurances, bonds etc) that are approved by the government and view the impact on tax liability.
Quarterly 24Q reports
The tedium of generating 24Q manually is eliminated by our IT module. A text file is generated which can be verified by the FVU utility available on the IT departments website and its output can directly be uploaded to the TIN website. You no longer have to re-enter all employee, salary & tax data into a different application developed by the IT department or others to generate the 24Q file.
Form16
These are easily generated using payroll, tax and exemption data available within the suite.
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Why Choose 247HRM
Comprehensive Time Tracking
Manage time at every level—clients, projects, tasks—while giving employees an easy-to-use interface that supports calendar-based input and flexible time entry options.
Powerful Manager Controls
Project managers can assign members, control time limits, and approve timesheets through customizable workflows, ensuring smooth project delivery.
Efficient Payroll and Billing
With built-in support for billing values, integrated payroll, and custom reports, 247HRM makes it simple to connect timesheets to other business processes, like invoicing and payroll, for seamless operations.
