The income tax regime refers to the set of rules and regulations governing the calculation and payment of income tax by individuals or entities.
To allow employees to change the Income Tax regime, the admin must perform the following actions:
- From the greytHR Admin portal, navigate to Payroll > Admin > Employee IT Declaration. The Employee IT Declaration page opens.
- Click the Release Options button. The Release Options pop-up appears.
- From the Allow employees to select a regime till dropdown list, select a month until when employees can choose a regime.
- Click Save to allow employees to change the Income Tax regime. A success message appears.
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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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