What is the purpose of the 'Restrict POI Declaration for Non-Applicable Sections in the New Tax Regime' option in POI?

POI or Proof of Investment are the documents employees submit to validate their eligible investments, expenditures, or other income-related declarations. 

The Restrict POI Declaration for Non-Applicable Sections in the New Tax Regime option allows payroll admins to restrict POI submissions for employees who have opted for the new tax regime. 

To know the sections that are allowed for POI submission under the new tax regime click here.

This ensures that only necessary documents are reviewed which saves time and makes payroll processing faster and more efficient.

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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.