RazorpayX - Tax Payments
Every business has to pay several types of taxes (direct and indirect) to the government every month. The most common tax payments are tax deducted at source (TDS) and goods and service tax (GST).
The RazorpayX Tax Payment app allows you to automate direct tax payments via a user-friendly interface.
Watch the below video to learn more about tax payments.
There are 2 ways you can make TDS payments:
When you upload an invoice to the RazorpayX Vendor Payment app, the TDS component is auto-calculated according to the TDS rate selected for the vendor. This TDS amount is automatically deducted from your account balance and deposited with the government every month. You can download the challan and file the TDS.
Read more: How automatic TDS payments work.
Here, you manually enter the TDS details on the RazorpayX Tax app and make the payment when you choose. Once the payment is made, the money is deposited with the government. You can download the challan and file the TDS.
Read more: How manual TDS payments work.
Like RazorpayX, Tax Payments gives you the flexibility to assign users roles to limit their access to the Dashboard as per your business requirements.
Read More: Tax Payments - Standard User Roles.
You can find a list of frequently asked questions (FAQs) about Tax Payments on our Knowledgebase.