Best HRMS Software in India  GB HERMES

 Key Features of GB HERMES Income Tax Module

Auto Tax Calculation: Automatically calculates taxes as per the latest government regulations.

• Proof Submission & Upload: Employees can upload supporting documents for tax declarations (e.g., 80C, HRA).

• Bulk Import: Admins can import tax declarations for multiple employees at once via Excel/CSV.

• Old vs New Tax Regime Comparison: Employees can compare tax liability under both regimes and choose the most beneficial option.

• Investment Declaration Management: Easy submission, approval, and tracking of investment declarations.

• Real-Time Tax Projection: Employees can view projected annual tax deductions based on current salary and declarations.

• Automated TDS Calculation: Accurate monthly TDS deductions integrated with payroll processing.

• Tax-Saving Recommendations: Helps employees identify eligible exemptions and deductions to optimize tax savings.

• Approval Workflow: Multi-level approval process for tax declarations and supporting documents.

• Compliance Ready: Supports the latest Income Tax Act updates and statutory requirements.

• Employee Self-Service Portal: Employees can view tax computations, declarations, proofs, and deduction history anytime.

• Audit Trail & Reporting: Complete history of declarations, approvals, and modifications for audit purposes.

• Form 16 Support: Simplifies Form 16 generation and year-end tax documentation.

• Secure Document Storage: Tax-related documents are securely stored and easily accessible when required.

• Comprehensive Tax Reports: Generate employee-wise and company-wide tax reports for management and compliance purposes.