Employees must ensure the accurate declaration of their income, investments, and expenses to maintain tax compliance and prevent any discrepancies in tax deductions. Based on the information provided by employees, the employer calculates the appropriate amount of income tax to be deducted from the employees' salaries or wages.
To release the IT Statement for the employees, the admin must perform the following actions:
From your greytHR Admin login, navigate to Payroll > Main > Overview. The Overview page opens.
Select the month for which you want to release the IT Statement.
Click Release for the IT Statement Employee View option. The IT Statement is released for the selected month.
Note: To release the IT Statement for a month, that month's payroll must be locked.
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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.
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