Tax declarations, regime & income-tax override

Kredily computes income tax (TDS) automatically from each employee's salary and investment declarations. Admins control the declaration window; employees pick their tax regime; payroll applies it.

Declaration settings (admin)

Under Declaration settings, choose whether employees must declare investments, and the cadence: - Monthly — set a submission window each month. - Yearly — the window runs the financial year (1 April → your chosen end date).

Employees then submit proofs/declarations in that window, and tax is recomputed accordingly.

Tax regime (old vs new)

Each employee selects their tax regime. The regime changes how deductions/exemptions apply, so income tax differs between them.

"I accidentally selected the old (or new) regime — how do I change it?" The regime can be switched in the employee's tax/declaration section (subject to the financial-year rules for switching). If the option is locked for the current period, an admin can assist. Changing it triggers a tax recompute on the next run.

Income-tax / PT override (admin)

The system computes income tax and professional tax automatically — you normally don't touch this. But for a specific month you can use Tax Override in the run to manually set the income-tax (or PT) figure: click Edit and enter the amount. Use sparingly; it overrides the automatic value for that month only.

Common issues

• Tax looks too high/low — usually missing investment declarations, or the wrong regime selected. Have the employee complete declarations / confirm the regime.
• Form 16 — generated after year-end from TRACES Part A/B; see Generate letters and Form 16.

When to contact support

Declarations are submitted and the regime is correct but tax still looks wrong on a run — raise a ticket with the employee ID and month.