Can admin merge IT declaration and FBP declaration?

No, the admin cannot add the FBP declaration component in the IT statement. Both features are different.
A 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.

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