Will the option Restrict POI Declaration for Non-Applicable Sections in the New Tax Regime affect employees who are under the old tax regime?

No. The employees in the old tax regime can submit POI for all sections without restrictions. 

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.

For employees choosing the new tax regime, payroll admins can now allow POI declarations to only relevant tax sections, such as Previous Employment, Section 24 (Income/Loss from House Property), and Other Income.

Note: Employees choosing the old tax regime can submit their POI for all the tax sections without any restrictions. 

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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.