Proof of Investment (POI) is the documentation employees provide to support their investment-related claims for tax benefits under income tax laws.
As an admin, you must reject and lock the POI to ensure compliance and clarity on the employee’s POI submissions and minimize payroll disruption.
To reject the POI and lock it, perform the following actions:
From the greytHR Admin portal, navigate to Payroll > Admin > POI Overview. The POI Overview page opens.
Click the Released tab. A list of employees to whom POI is released appears.
Select the required employee.
Under the Employees Selected section, select Reject POI and Lock.
Click Submit. The Reject POI and Lock pop-up appears.
Select all the checkboxes that inform you about the after-effects of rejecting a POI form.
Click Confirm. The form moves to the Pending for Payroll tab.
After the POI form moves to the Pending for Payroll tab, push it to payroll.
To push the POI form to payroll, perform the following actions:
Under the Pending for Payroll tab, from the Filter employees as per regime list, select a regime as per your requirements.
Select the Active/Resigned option.
From the Has Employee Declared dropdown list, select the appropriate option.
Select the Bulk Select option.
From the Enter Emp. Name or ID search box, search for the employee whose POI form you want to push. You can also select the employees using the checkboxes adjacent to their names.
Select the Push to Payroll option.
Click Submit. Push to Payroll pop-up appears.
Select all the checkboxes that inform you about the after-effects of pushing a POI form and the month for which the payroll is considered.
Note: This is a mandatory step.Click Push to Payroll. The POI items move to the Considered for Payroll tab.
Note:
After the POI form moves to the Considered for Payroll tab, you must process the payroll to ensure accuracy in payroll processing.
Regarding the impact on the previously submitted POI, since the employee is not providing any new declarations, their original POI remains unchanged.
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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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