Compliance
Built in India, for the forms Indian schools actually file.
The statutory work an Indian school actually files, produced from your own records.
- Professional tax, PF wage ceilings and ESI eligibility caps
- The old tax regime and the new one
- HRA on the statutory minimum of three
- Companies Act Schedule III, and Schedule II depreciation
- GSTR-1, Form 16 and Form 24Q
None of that is a configuration option in a product designed elsewhere. EduBold is built for it. It is either built in, or it is your accountant’s problem.
01 / 04
Income tax and TDS on salary
| What | What it does |
|---|---|
| Old and new regime | Selected from each employee’s own declaration, not assumed. |
| Standard deduction | Correct for the regime the employee chose. |
| Projected annual income | Monthly TDS from an annual projection, including bonus. |
| HRA exemption | On the statutory minimum of three. |
| Tax slabs | Held per financial year, as data. New budget, new slabs, no software release. |
| Surcharge bands | Regime-aware. Old regime 10, 15, 25 and 37 per cent. New regime caps at 25, with no 37 band. |
| Staff tax declarations | Employees declare their own investments online, with exemption types. These feed the monthly projection. |
02 / 04
Statutory deductions
| What | What it does |
|---|---|
| PF | Calculated on the configured base. The employer contribution is capped at its statutory maximum. |
| Voluntary PF | An employee can contribute on full Basic plus DA. Their side then goes uncapped and absorbs the employer’s share of the excess. The employer side stays capped. |
| ESI | Stops applying automatically when gross crosses the eligibility threshold. |
| Professional tax | Configured per state rules. |
| Ceilings and rates | Configuration, not constants. When the government moves a ceiling, someone changes a field. |
03 / 04
Statutory returns and certificates
| What | What it does |
|---|---|
| Form 16 | Generated per employee from payroll data. Bulk generation for all staff. Download the whole financial year as one ZIP. Revise, cancel, mark issued. |
| Form 24Q | Generated, with the FVU file you upload directly to TRACES. |
| TDS challan linking | Link a challan to the quarter’s unlinked salary TDS rows. |
| TDS certificates | Generate, issue, mark filed. |
| GSTR-1 | Generated from your own transaction log. |
| GSTR-3B | Generated from your own transaction log. |
| Filing status | Transactions are marked as filed, so what has gone to the portal is tracked. |
04 / 04
Accounting and audit
| What | What it does |
|---|---|
| Companies Act Schedule III | Map accounts once. The statutory statements then format themselves. |
| Schedule II depreciation | Asset classes with depreciation schedules, disposal, inter-branch transfer, and units-of-production for vehicles. |
| Audit report schedules | Custom, and custom-numbered, because there is no statutory format for a trust audit. Twelve ship on day one. You change them to match your CA. |
| Financial year locking | Close the year and nothing gets back-dated into it. |
| Five statements | Trial Balance, Balance Sheet, Profit and Loss, Cash Flow, Fund Flow. All with year-on-year comparison. |
| Ageing | Receivables and payables, on demand, including as at a past date. |
| Tally | Ledger and voucher-type mapping, XML export, sync log. |
Next
Bring your CA.
This page is written to be read by someone who has actually filed a 24Q. Twenty minutes of their questioning will establish more than any amount of reading.