ADP presents webinar on fundamentals about payroll processing, compensation structure and payroll related compliance along with employee and employer responsibility. An individual Tax computation is based on earned income. As per the Income Tax Act, an employee can avail tax deduction on submission of proofs of investments. The deduction limit and associated rules may vary from year on year.
Read More at: http://www.adp.in/resources/How-important-is-Tax-Computation-for-your-Payroll.aspx