In today's fast-paced corporate world, optimizing employee benefits and ensuring tax compliance can be a daunting task for employers. Splitting the special allowances of employees manually after they utilize their benefits plan creates operational overhead for HR departments. Enter Tartan, with its innovative tax management API, providing a comprehensive solution to address these challenges. The solution empowers organisations to restructure their employees’ special allowances in alignment with prevailing tax regulations.

What is HRMS Sync?

Tartan’s HRMS sync establishes safe & secure connections with your client’s HRMS for quick access to organisational data, including employee details, bank details, and salary information in real-time. India’s Top Neo banks, InsurTech and corporate benefits companies currently utilize Tartan’s HRMS Sync, ensuring seamless integration and data management for superior operational efficiency.

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Challenge - Simplifying Benefit Management and Tax Compliance

For employers, navigating the complexities of employee benefits and tax deductions can be a time-consuming and intricate endeavour. Ensuring that each employee receives the full scope of their entitled benefits while adhering to tax laws demands a meticulous approach that often involves significant administrative overhead.

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Solution - Empowering Employees and Enhancing Compliance

Tartan’s tax management API integrates with HRMS Sync at the forefront of benefits management organizations and offers a transformative approach to fetch the salary structure of the client’s employees. The automation updates the salary structure of the employees every month by splitting the special allowances on their payroll, based on their utilisation of the benefits plan.

Tartan's comprehensive tax management API solution alongside its HRMS sync feature facilitates seamless real-time data synchronization for employee benefits. Through seamless integration with HRMS and Payroll systems, HRMS Sync + tax management API automates this process and streamlines the benefits management while ensuring there is no operational overhead for the HR department at the employer’s end for recon purposes and tax savings for employees.

Conclusion - Revolutionising Benefit Management

In a world where efficiency and compliance are paramount, tax management API solution emerges as a game-changer in the employee benefits landscape. The integration of HRMS Sync with tax management API offers an automated process, with real-time updates. It empowers employee benefit platforms to enhance employee experience, streamline benefit management, and ensure tax compliance with unparalleled ease.

In conclusion, Tartan's tax management API offers a streamlined solution to the challenges faced by companies in managing tax savings for employees.

Talk to our experts to explore Tartan's tax management API today and embark on a journey toward efficient tax savings management.