Can admin merge IT declaration and FBP declaration?

Created by Product Content Team, Modified on Mon, 19 Feb at 6:17 PM by Product Content Team


No, the admin cannot add the FBP declaration component in the IT statement. Both features are different.
Flexible Benefits Plan (FBP) means customizing the salary breakup of the employees to achieve maximum tax benefits. Under a flexible arrangement, an organization allocates a specified amount to each employee to avail of benefits. 

IT declaration is collecting investment declarations from employees at the beginning of the financial year. It helps to ensure compliance with applicable tax laws and regulations and avoid legal penalties or fines for non-compliance.


Click here to subscribe to our help videos  


Related Links:

Video- To watch the video on IT Declaration, click here.

FAQs- To read more about IT Declaration, click here.

Documentation:

  • To read more about IT Declaration, click here.
  • To read more about viewing employee's IT Statement, click here.

Product Update- To read our product update, click here.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article