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greytHR is now ready with the budget changes. We have improvised greytHR to accommodate the budget changes for the current financial year 2020-21. These changes will be reflected in the system from the April payroll 2020. These changes will be enabled by default.

Changing the Default Regime Settings

  1. Navigate to either Payroll > Payroll Inputs > Salary. You will see the following information box with the Revert button:

    Please note that you can also change the default regime settings from Payroll > Process > Payroll Process.

  2. Old tax regime is the selected by default for employees without declaration. To change the default regime settings, click  on the information box. Following popup appears:
  3. Select a default income tax regime from the Select drop-down menu. Default regime will be assigned for the employees who have not declared IT yet.

  4. Click Update to change the default tax regime settings.

Disabling the Budget 2020-2021 changes

At any point of time, greytHR allows you to revert back to the older budget. Perform the following actions to revert back to the older budget:

  1. Navigate to either Payroll > Payroll Inputs > Salary. You will see the following information box with the Revert button:

    Please note that you can also revert back to the older budget from Payroll > Process > Payroll Process.

  2. To revert back the greytHR application to the older budget for the purpose of payroll processing, click Revert button. The following confirmation popup appears:
  3. Click Confirm to revert back to the old budget changes.

Enabling the Budget 2020-2021 changes

As an admin, if you require re-enable the current financial year budget changes, perform the following actions:

  1. Navigate to Payroll > Payroll Inputs > Salary. You can view the following information box with the Enable button:

    Please note that you can also enable these changes from Payroll > Process > Payroll Process.

  2. To switch the greytHR application to the budget 2020 changes, click Enable. The following popup appears:
  3. Select a default income tax regime from the Select drop-down menu. It is a mandatory field.
  4. Click Update. A success toast message appears.





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