Proof of Investment (POI) is the documentation employees provide to support their investment-related claims for tax benefits under income tax laws.
If the admin re-releases the POI and the employee does not submit it, the system automatically returns the POI to its pre-release state upon auto-locking. For instance, a POI re-released from the Considered for payroll state will revert to the same state.
Similarly, when the POI is re-released from Pending for Review or Pending for Payroll status, and not submitted by the employee, the POI will go back to its original status. This happens when the admin chooses Reject and Lock or auto-locks after the due date.
Note: If an employee resubmits the POI by making any changes to the POI then it always goes to the Pending for Review state.
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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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