As per company policy, an employee's POI is locked without submission. How does this impact their tax deductions? What action can the admin take to resolve this issue?

Employees use Proof of Investment (POI) to prove their claims to earn tax benefits from investments. 

As an admin, when an employee fails to submit their POI declaration form and the POI is locked, you must reject and lock the POI for that employee to avoid further submissions. 

To reject the POI and lock the POI, perform the following actions:

1. From the greytHR Admin portal, navigate to Payroll > Admin > POI Overview. The POI Overview page opens. 

2. Click the Released tab. A list of employees to whom POI is released appears.

3. Select the required employee. 

4. Under the Employees Selected section, select Reject POI and Lock.

5. Click Submit. The Reject POI and Lock pop-up appears.

6. Select all the checkboxes that inform you about the after-effects of rejecting a POI form. 

7. Click Confirm. The form moves to the Pending for Payroll tab.

After the POI form moves to the Pending for Payroll tab, you must push it to payroll. 

To push the POI form to payroll, perform the following actions:

1. Under the Pending for Payroll tab, from the Filter employees as per regime list, select a regime as per your requirements.

2. Select the Active/Resigned option.

3. From the Has Employee Declared dropdown list, select the appropriate option.

4. Select the Bulk Select option. 

5. 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.

6. Select the Push to Payroll option.

7. Click Submit. Push to Payroll pop-up appears.

8. 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.

9. 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 employee’s tax calculation, if the employee does not submit any declarations in the POI, the IT savings section remains blank. Any previously submitted IT declarations are overridden and replaced with zeros.

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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.