IT Declaration, also known as Income Tax Declaration, refers to the process where employees provide details of their income, investments, and expenses to their employer to calculate the appropriate income tax deductions at source.
The Proof of Investment (POI) encompasses the entire process of employees declaring their investments for tax savings.
To release the IT declaration after releasing the POI, the admin must:
Release the IT declaration
Release the POI
To release IT declaration for selected/all employees, 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.
From the Status dropdown list, select Locked as a status.
Select the employees using the check box adjacent to the Employee No column.
Click the Release Selected/Release All button to release IT declaration for selected/all employees. The Release IT Declaration pop-up appears.
Select the options from the pop-up as per your requirements.
Click Release to release the IT declaration for the selected/all employees.
To release POI, the admin must perform the following processes:
From the greytHR Admin portal, navigate to Payroll > Admin > POI Overview. The POI Overview page opens.
Under the Released tab, select the employee(s) whose POI forms you want to recall.
Under Employees Selected, select Delete. The Delete pop-up appears.
Read and select the check boxes displayed in the pop-up to acknowledge your understanding of the points explained in the pop-up.
Click Submit to delete the released POI forms.
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Related Links:
Video- To watch the POI submission video, click here.
FAQs- To read more FAQs about the POI, click here.
Documentation- To learn more about POI, click here.
Product Update- To read about the product update, click here.
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