IT declaration is collecting investment declarations from employees at the beginning of the financial year. Considering an employee's IT declaration is necessary for your organization to accurately calculate and deduct the appropriate amount of income tax from the employee's salary.
To release the IT declaration, the admin must ensure the following steps are completed:
- The payroll must be unlocked.
- Payslips must not be released.
- POI must not be released.
- The employee must not be excluded from the payroll list.
- Employee status must not be under contract employee status.
- The latest payroll month must be selected.
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