Following changes which affects Payroll Needs to be implemented Effective from 01JUL2023.
- National Housing Development Levy (NHDL)
- Tax Slabs Change
Important Note :
- Make Sure Previous Years & Months are closed before making these Changes
- After making these changes No Auto Calculation of previous Months should be done i.e. June 2023 & Prior Months.
National Housing Development Levy
- Login to Pay Master
- Goto Menu System à Settings à System Settings (Step 1 in Screenshot)
- When Prompted Write the Password
- Click More Settings (Step 2 in Screenshot)
- Goto Settings 5 (Step 3 in Screenshot)
- Enable “Apply National Housing Development Fund Levy” by ticking it (Step 4 in Screenshot)
- Click Ok to Save Changes (Step 5 in Screenshot)
- Click Ok On Subsequent screen
Setup Rounding
It is advisable to set Upward Rounding for National Housing Development Levy as mentioned in following screenshot
- Login to Pay Master
- Goto Menu System à Settings à System Settings (Step 1 in Screenshot)
- When Prompted Write the Password
- Set Rounding Options under “Regular’s Settings”
- Set Rounding Options under “Casual’s Settings”
Employee Settings
In Paymaster we have given an Option to Set NHDL at Employee Level, To Enable NHDL for all Employees follow these steps
- Login to Pay Master
- Goto Menu System à Settings à Employee Settings (Step 1 in Screenshot)
- Select “General Information” (Step 2 in Screenshot)
- Select Employees (Step 3 in Screenshot)
- Enable “Apply NHDF” by ticking it (Step 4 in Screenshot)
- Click Save it (Step 5 in Screenshot)
Tax Slabs Change
Montly Tax Table
- Log in to Paymaster
- Go to Menu “Statutory” & Expand it
- Select “Monthly IT Table” Menu which will Open a Form to Specify Tax Slabs (Step 1 in Screenshot)
- Click Add Button (Step 2 in Screenshot)
- Select effective date 01/07/2023
- Specify Remarks
- Double Click on each cell and edit the figures by filling in the new figures as illustrated in Following Screenshot
- Change “Monthly Personal Relief Single” to 2,400 Instead of 1,408
- Change “Low Income Limit (Basic + HRA)” as Per New Slab of 24,000
- Click on the ‘save’ button (Step 7 in Screenshot)
Note : You can even Import the Tax Table Directly via File distributed by Endeavour Africa Ltd. In this case Follow Step 1, 2 in Above screenshot. Then Proceed to Import From XML (Optional Step 3) & Click Save (Step 7)
Yearly Tax Table
- Log in to Paymaster
- Go to Menu “Statutory” & Expand it
- Select “Yearly IT Table” Menu which will Open a Form to Specify Tax Slabs (Step 1 in Screenshot)
- Click Add Button (Step 2 in Screenshot)
- Select effective date 01/07/2023
- Specify Remarks
- Double Click on each cell and edit the figures by filling in the new figures as illustrated in Following Screenshot
- Click on the ‘save’ button (Step 6 in Screenshot)
Note : You can even Import the Tax Table Directly via File distributed by Endeavour Africa Ltd. In this case Follow Step 1, 2 in Above screenshot. Then Proceed to Import From XML (Optional Step 3) & Click Save (Step 7)