Unable to use formula in excel report in Webpay
To execute the formula in the excel sheet you need to change the format of the columns in the excel sheet to "GENERAL".
Select the whole sheet --> Right Click --> Format Cells --> Number --> Select General and Click OK. Now you would be able to execute the formulas. The excel sheet that is published is in Text Format because if the employee code is 0001, it would change to 1 in excel.
Remember if the employee code is like 0001 then do not change the employee code column format.
Blog by BBSPL
Friday, March 18, 2011
Thursday, March 17, 2011
WEBPAY BUILD RELEASE [Jan 2011]..
Date:5-Jan-2011
1.User Right Master:
Single datagrid given in the user right master in admin portal.
Date:1-Jan-2011
1.360º Appraisal Module:
360º Appraisal Module (NEW MODULE) added in HR menu
2.Company Menu Re-arranged:
We have Remove some fields from Parameter Settings and added into Taxation Menu in Tax Setting form mentioned below:
1. Chapter VI-A Approval
2. Max. No. of request for investment declarations
3. Default document status for Chapter VI-A declarations
4. Senior Citizen Age
5. Deduct whole TDS on Arrear amount (Pay month)
Blog BY BBSPL
1.User Right Master:
Single datagrid given in the user right master in admin portal.
Date:1-Jan-2011
1.360º Appraisal Module:
360º Appraisal Module (NEW MODULE) added in HR menu
2.Company Menu Re-arranged:
CONFIGURATION : ‘MASTER’ has been replaced with ‘CONFIGURATION’. All Company setting forms, Master forms, Slab forms, FBP format form, Reimb. Cover letter forms are here with arrangements of new Sub-Menu.
EMPLOYEE: All employees’ related forms are here as likely before.
LEAVE – ATTENDANCE: Leave & attendance related forms are here for Settings, Request and Reports.
IMPORT – EXPORT: Import-export forms have been re-arranged.
TAXATION: Taxation forms as it is except Tax Setting, Deductor & Slab that are now ‘Statutory Settings’ of ‘CONFIGURATION’.
APPROVALS: This is new main menu that have approval related forms except Leave.
ASSIGN & PROCESS: ‘ASSIGNMENT’ has been replaced with ‘ASSIGN & PROCESS’. All previous forms have been rearranged. Assignment related forms as Salary Structure, Arrears, Reimbursement claims; Loan-Advance, Shift, and Overtime are now under Submenu ‘ASSIGN’.
HR: ‘HR Details’ has been replaced with ‘HR’. Now two Submenu ‘Recruitment’& ‘360* Appraisal System’ have been added from previous.
REPORTS: Reports have been arranged by new Submenu as ‘Monthly Reports’, ‘Master Reports’ etc.
TOOLS: FAQ, Query Builder, Dynamic Caption, Disclaimer, License agreement, User Administration submenu now are in this new Menu.
We have Remove some fields from Parameter Settings and added into Taxation Menu in Tax Setting form mentioned below:
1. Chapter VI-A Approval
2. Max. No. of request for investment declarations
3. Default document status for Chapter VI-A declarations
4. Senior Citizen Age
5. Deduct whole TDS on Arrear amount (Pay month)
Blog BY BBSPL
Thursday, March 10, 2011
How to request a rejected leave in Webpay
How to request a rejected leave in Webpay
You can edit the rejected leave in the ESS and resend it for approval.
Blog by BBSPL
You can edit the rejected leave in the ESS and resend it for approval.
Blog by BBSPL
Wednesday, March 2, 2011
Changes in Direct Income Tax Calculation
Changes in Direct Income Tax Calculation
Budget Highlights - Direct Tax
The key Direct Tax proposals are as follows:
• Basic exemption limit marginally increased to benefit individual tax payers.
Basic annual exemption limits have been altered, as follows:
Current Slabs (INR) Proposed Slabs (INR) * Rate of Tax
Up to 160,000 Up to 180,000 Nil
160,001 to 500,000
180,001 to 500,000 10%
500,001 to 800,000 20%
Above 800,000 30%
Notes:
– Basic exemption limit for resident women below 60 years of age remains unchanged at INR 190,000 per annum.
– Qualifying age for resident senior citizens reduced to 60 years from 65 years and the basic exemption limit increased to INR 250,000 from INR 240,000 per annum.
A special category of ‘Very Senior Citizens’ has been introduced for resident individuals of 80 years or more. The basic exemption limit for such individuals has been increased to INR 500,000 per annum.
• Employer contribution towards pension scheme shall be excluded from the limit of 1 lakh provided under Section 80CCE.
• Specific deduction allowable to the employer on contributions towards the New Pension Scheme upto 10 percent of the salary of the employee.
• Additional deduction of INR 20,000 u/s 80CCF for investment in long term infrastructure bonds is extended for one more year.
Blog by BBSPL
Budget Highlights - Direct Tax
The key Direct Tax proposals are as follows:
• Basic exemption limit marginally increased to benefit individual tax payers.
Basic annual exemption limits have been altered, as follows:
Current Slabs (INR) Proposed Slabs (INR) * Rate of Tax
Up to 160,000 Up to 180,000 Nil
160,001 to 500,000
180,001 to 500,000 10%
500,001 to 800,000 20%
Above 800,000 30%
Notes:
– Basic exemption limit for resident women below 60 years of age remains unchanged at INR 190,000 per annum.
– Qualifying age for resident senior citizens reduced to 60 years from 65 years and the basic exemption limit increased to INR 250,000 from INR 240,000 per annum.
A special category of ‘Very Senior Citizens’ has been introduced for resident individuals of 80 years or more. The basic exemption limit for such individuals has been increased to INR 500,000 per annum.
• Employer contribution towards pension scheme shall be excluded from the limit of 1 lakh provided under Section 80CCE.
• Specific deduction allowable to the employer on contributions towards the New Pension Scheme upto 10 percent of the salary of the employee.
• Additional deduction of INR 20,000 u/s 80CCF for investment in long term infrastructure bonds is extended for one more year.
Blog by BBSPL
Thursday, February 24, 2011
Confirm investment for tax calculation
1.Export proposed investment and view this sheet, then select radio button of confirmed amount then import this sheet.
2. Import HRA (you can import annual and monthly HRA details)
3. Import other income (interest on house properties, loss of house properties etc)
4. Process salary and go to tax process then select document submitted then process tax.
Blog by: BBSPL
2. Import HRA (you can import annual and monthly HRA details)
3. Import other income (interest on house properties, loss of house properties etc)
4. Process salary and go to tax process then select document submitted then process tax.
Blog by: BBSPL
Saturday, February 19, 2011
Managing Previous Employer Taxable Salary in Webpay
Managing Previous Employer Taxable Salary in Webpay
You can enter the previous employer net taxable salary, PT deducted with previous employer, Chap. VIA investments declared with previous employer under 80C (including previous employer PF) and interest paid on hosuing loan declared with previous employer in Webpay.
In Tax calculation in Webpay the Net Taxable salary of previous employer is added and Chap. VIA, PT deducted by previous employer and interest paid on housing loan is also considered. When you generate TDS estimation slip then previous employer details will be shown but these details will not be shown under Form 16.
Blog by BBSPL
You can enter the previous employer net taxable salary, PT deducted with previous employer, Chap. VIA investments declared with previous employer under 80C (including previous employer PF) and interest paid on hosuing loan declared with previous employer in Webpay.
In Tax calculation in Webpay the Net Taxable salary of previous employer is added and Chap. VIA, PT deducted by previous employer and interest paid on housing loan is also considered. When you generate TDS estimation slip then previous employer details will be shown but these details will not be shown under Form 16.
Blog by BBSPL
Friday, February 18, 2011
What is Superannuation?
Superannuation Fund is a retirement benefit plan for the employees. This is mostly managed by companies like Life Insurance Corporation of India (LIC).
The company contributes 15% of basic earned wage and deposits it to LIC. This is / can be invested by LIC Fund Managers thereafter. Tax is deducted by the companies on superannuation amount on month on month basis. Tax is deducted on annual amount more than 1,00,000.
When the employee retires, he / she can withdraw 1/3rd from the fund. The rest is converted into capital for payment of annuities. The annuity amount varies depending on the age of the employee, his/her fund size, what option the employee is asking for viz. monthly, quarterly, half-yearly or annual payments of annuity.
If the employee resigns, the employee can transfer the amount to the new employer. If the new employer does not have superannuation scheme option then the employee can withdraw the amount and the employee needs to pay taxes. The employee can however may not withdraw and retain till the superannuation age.
If you find any problem in explanation please revert back to support@bbspl.com
Blog by BBSPL
The company contributes 15% of basic earned wage and deposits it to LIC. This is / can be invested by LIC Fund Managers thereafter. Tax is deducted by the companies on superannuation amount on month on month basis. Tax is deducted on annual amount more than 1,00,000.
When the employee retires, he / she can withdraw 1/3rd from the fund. The rest is converted into capital for payment of annuities. The annuity amount varies depending on the age of the employee, his/her fund size, what option the employee is asking for viz. monthly, quarterly, half-yearly or annual payments of annuity.
If the employee resigns, the employee can transfer the amount to the new employer. If the new employer does not have superannuation scheme option then the employee can withdraw the amount and the employee needs to pay taxes. The employee can however may not withdraw and retain till the superannuation age.
If you find any problem in explanation please revert back to support@bbspl.com
Blog by BBSPL
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