Tax saving declarations
Accessible to: Employees
Tax savings declaration is done in the beginning of the financial year or when you join the company. This process is controlled by the Payroll Manager and you can update it only when the declaration window is open.
Email and dashboard alert will come to you when the window for updating Tax saving declarations is opened by the Payroll Manager.
Steps to be followed -
1. Update details in each row and click on "Save" at the end of row
2. Once you have filled up the details then click on "Submit" at the bottom of
page.
Status will change to "Submitted" for each line item and the form. When it is approved by the Payroll Manager the status will be updated as "Approved".
Note
- You can make changes in tax saving declaration till the window is open even
after the Payroll Manager has approved the submission. Every time you submit
a record will be created at the bottom of the form indicating a fresh submission
- Payroll Manager can update the declaration anytime on your behalf
- If the tax declaration window has gone by and no declaration has been made
then the payroll system will assume zero declaration and accordingly calculate
the tax
Related article -
1. House Rent and Tax free heads year end receipt submission
2. Tax saving submissions
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