Submit Proof of Investment
Submitting Proof of Investment is a process where employees provide evidence of their actual investments and eligible deductions for a financial year. This ensures accurate Tax Deducted at Source (TDS) calculation and helps validate the investments declared earlier. Employees can submit proofs for expenses such as house rent, insurance premiums, and tax-saving instruments under sections like 80C, 80D, and others of the Income Tax Act.
Steps to Submit Proof of Investment
- Navigate to the Employees Module: From the left sidebar, go to Employees list page.
- Go to Employee Preview: Click the Preview button in the employee row to open the Employee Preview page.
- Navigate to Investments Tab: Under the Employee Preview, go to the Investments tab.
- Move to the Proof of Investments section: Inside the Investments tab, locate the Proof of Investments section.
- Click Submit Proofs: Press the Submit Proofs button to start the submission process.
- Enter Actual Investment Amounts: Fill in the amount actually invested in each investment category that was declared earlier.
- Add New Investments (Optional): If needed, you can add new investments that were not declared initially.
- Click Save: Press Save to finalize and verify the investment proofs.