TDS projection under both regimes, inside the payroll run
Flocci Work Suite projects each employee's annual income tax under both the old and new Indian tax regimes — applying standard deduction, declared Section 80C investments, HRA exemption, the Section 87A rebate, surcharge and cess — and deducts the resulting monthly TDS in the payroll run automatically.
Both regimes, honestly compared
The engine runs the slab math for the old regime (with 80C, HRA and other declared deductions) and the new regime (with its standard deduction) so the projection reflects the regime each employee actually elected, including the Section 87A rebate where income qualifies, plus surcharge and health-and-education cess.
Investment declarations feed the math
Employees submit investment declarations from their self-service portal; Finance reviews them; the TDS projection consumes the declared 80C, 80D, Section 24(b) and HRA figures. The paper chase becomes a workflow.
Monthly deduction, annual view
Projected annual tax is spread into the monthly TDS deduction on each payslip, recomputed as pay or declarations change, so year-end true-ups shrink instead of surprising people in March.
Frequently asked questions
- Does it support both the old and new tax regimes?
- Yes — the projection is computed under both regimes, including standard deduction, Section 80C and HRA under the old regime, and the Section 87A rebate, surcharge and cess where applicable.
- How do employee investment declarations work?
- Employees file declarations in their self-service portal, Finance reviews them, and the TDS engine consumes the declared amounts in its projection.
- Does it generate Form 16?
- Form 16 generation is in rollout — the workflow screens exist today and automated PDF generation is on the near-term roadmap. TDS computation and monthly deduction are fully live.