TDS Tax calculation for each employee

Question

Hi,
I want to calculate monthly TDS rate based on Current Wage(This can be changed when employee got increment) for each and every employee(According to Indian Statutory). After calculating this TDS rate,This would be deducted from respective NET salary of employee every month.
For this I've tried Salary Rule(Specially Python Code)in odoo 8 but it won't work properly as I needed. So Is it another way to calculate TDS for each employee?
Thanks in advance.

Ahmad Inayat · Answer

Hi i have find out a module which defines tax slabs and then automatically added on the payroll this might help
https://apps.odoo.com/apps/modules/15.0/payroll_income_tax_slabs/ [1]

[1] https://apps.odoo.com/apps/modules/15.0/payroll_income_tax_slabs/

Serpent Consulting Services Pvt. Ltd. · Answer

Pujabaa,
The TDS calculation will be based on the annual salary of the employee and the tax slabs.
Usually, this should be calculated outside Odoo and the amount should be deducted as a deduction (fixed amount), usually total tds divide by 12 months.
Thanks.

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