Tax planning and investment declarations are to be done by the employees for tax exemption and for accurate tax calculations for the new financial year. Taxable Income will be computed based on this and subsequently, the tax will be deducted every month.
Towards the end of the year, employees will need to provide proof towards the various declarations done by them. This is typically called as the POI (Proof of Investment) process.
With greytHR’s Proof Of Investment or POI module completing this activity becomes easy and hassle-free. This video will help you to understand how employees can submit their POI with greytHR.