Other Income declarations
Accessible to : Regular Employees included in Payroll
You can declare income from other sources like income / loss from house property, interest income or additional heads which are available as per your company's policy. These declarations are considered in calculating the taxable income and tax liability. Supporting document for each declaration can also be uploaded. This option is available only if you are mapped to old regime.
- Whether you can submit Other Income only once or multiple number of times is
based on your company's policy
- These declarations are linked to a Financial year and should be done every
year
- You an upload the supporting document using the Upload button
- To declare house property income / loss use the "Add House Details" button
given at the bottom of the page. Refer to the article on "House Property Declaration" for more details
- Do not declare the short term gains which are due to sale of equity or mutual
fund as those are covered under section 111A and you have to deduct 15% tax on
them on your own, your company will not be deducting tax on them
- You cannot declare Long Term Capital Gains (LTCG) in the software
- You can download the declaration in PDF format using "Download PDF" button
- If house property has been declared and the declaration has been approved then
the value of "Income / Loss From House Property" will be visible in this table,
you can also view the summary of the property using "Details" button. If multiple
properties have been declared then "Details" button will show the aggregate figures
for all properties as shown above
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