An Income Tax declaration helps your employer to estimate your Income Tax (IT) for the current financial year. This deduction is called Tax Deduction at Source (TDS). To take maximum exemptions from TDS, it is important to declare your future investment plans and select a proper regime.
You can compare any two plans after you have created a minimum of two plans.
To compare plans, the employee must perform the following actions:
- From the greytHR ESS portal, navigate to Salary > IT Declaration. The IT Declaration page opens.
- Click My Tax Planner. The Compare Plans page opens.
- In the Select plans to compare column, choose any two plans. You can compare only two plans at a time. The comparison between plans and regimes displays on the same page in tabular form.
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