Deepak, who is a Chartered Accountant with 20+ years of practice, had been handling payroll for a few of his clients. When he came across Mool he wanted to try out the tax optimization and salary personalization features, in order to see if he could help some of his clients to enhance their payroll experience.
Deepak wanted to test Mool’s capabilities and started comparing current salary structures of various employees from different clients with salary structures generated by Mool. To his surprise, the Mool salary structures increased up to 10% of employees’ in-hand salary. Being a tax-expert himself, he thoroughly checked all the results to see if Mool adhered to all the income tax and labour laws. He found that all the salary structures generated were 100% compliant with the laws and Mool could even handle unique corner cases really well.
Each time I compared the salary structure generated in Mool with an employee’s current salary, it consistently produced a lower TDS requirement in the tax workings by reorganizing the payroll structure as compared to standard workings. It’s a clear value add to employees.
- Deepak Babel