How can employee add joint owner details in the POI for Income from let out property?

When submitting Proof of Investment (POI) for income from a rented/let-out property, employees must be sure to include details of all joint owners. This ensures an accurate demonstration of the ownership structure and proper allocation of rental income for tax and regulatory purposes.

The joint owner details consist of the names, contact information, and relevant identification details of the individual who shares ownership of the investment.

To add the joint owner details in the POI for Income from let out property, the admin must perform the following actions:

1. From the greytHR ESS portal, navigate to Salary > Proof Of Investment. The Proof Of Investment page opens.

2. Under POI Components, select Income/loss from house property. The page displays details of Income/loss from house property.

3. In the Income from Let Out Property section, under Property 1, in the Annual Letable Value/Rent Received or Receivable text box, enter the required value.

4. Select the Property jointly Owned checkbox to enter joint owner details.

5. In the Your share in percentage (%) and Co-owner Name text boxes, enter the required information. 

6. You can view the amount for the selected percentage in the Your Contribution and Co-owner Contribution text boxes. 

7. Click Save to add the joint owner details in the POI.

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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 read more about POI submission, click here.

Product Update - To read about the product update, click here.