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FIN Globalization Services

HCM India Tax Simplifier Statement Configuration Guide

One of the offering for India Localization for SAP HCM: ESS is "Tax Simplifier Statement" that facilitates an employee to get overview of all the salary components and the income tax calculations for the current financial year. This solution enables an employee to view projected income tax figures for current financial year, based on the changes made in the components such as additional payments, income from other sources, Section 80 and 80c deductions, and so on. This helps employee to check and assess how the Income tax for the current financial year will be affected due to such changes. This document contains details of how to configure this solution as per customer requirements.

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