How can admin settle income tax for resigned employees?

Income tax is a tax imposed by the government on an individual's or entity's income, profits, or earnings.

To settle a resigned employee's income tax  during the final settlement complete the following three processes:

1. Clear the IT declarations and reprocess the income tax from the beginning of the financial year.
2. Process Full and Final settlement without clearing the IT declaration. Ensure to collect proof of investment from the employees.
3. Choose to clear or process the IT declaration for each employee individually.

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Related Links:

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

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Documentation:

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

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