The Proof of Investment (POI) process involves employees declaring their investments to qualify for tax savings. If employees submit their IT declarations but are unable to provide POI, the income tax is recalculated, and the tax amount is adjusted in the subsequent months. If an employee does not provide proof it also results in higher tax liability.
Looking for More Support?
Find answers and insights across our resources. Refer to our detailed Knowledge Base for in-depth articles, explore our practical video guides, and stay informed with our latest product updates.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article