Updated Dayforce with taxation of car benefits, in compliance with government tax updates. This update affects 7 earnings in Payroll Setup > Earnings and Deductions in the Tax Compliance Rules tab:
- Updated the taxable amount for the following system tax compliance rules for earnings:
- Car benefit lt 1600cc → Taxable amount from Rs. 9,500 to Rs. 12,000
- Car benefit 1600-2000cc → Taxable amount from Rs. 10,750 to Rs. 13,500
- Car benefit gt 2000cc → Taxable amount from Rs. 12,000 to Rs. 15,000
- Added the following new system tax compliance rules for earnings:
- Car benefit Electric Car → Taxable amount Rs. 13,500
- Car benefit more than Rs 3 million up to Rs 5 million → Taxable amount Rs. 25,000
- Car benefit greater than 5 and up to 8 million rupees → Taxable amount Rs. 35,000
- Car benefit more than Rs 8 million → Taxable amount Rs. 50,000
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