Recording Tax Declaration

Select the “Record Tax Declaration” link from the left pane.

The “Record Tax Declaration” page appears.

The system displays the following:

Employee Code	The unique code of the logged in employee.
Employee Name	The name of the logged in employee.
Date	The system displays the current date.
Company	The name of the company.
Date Format	The date format that is applicable to the login user. Tell me more.

The system displays the instructions for recording tax declaration in the “Instructions” group box.

Enter the following:

Tax Year

From the drop-down list box, select the tax year for which you require to record/view the tax declarations.

Status

From the drop-down list box, select any one of the following statuses:

“New” indicates the employee will be recording the tax declaration for the first time
“Draft “ indicates the employee can retrieve the tax declarations saved as a draft
“Submitted” indicates the employee can retrieve the tax declarations that are submitted

Permanent Account Number (PAN)

The Permanent Account Number (PAN) of the employee. If you do not have a PAN Number, you must enter “PANNOTAVBL”.

The system displays the four tabs namely, “Rent and Children Education Details”, “Income/(Loss) from House Property and Other Income”, “Deductions Under Chapter Vi A”, “View and Confirm” in the “Section Wise Details” group box:

Rent and Children Education Details

Select the “Rent and Children Education Details” tab in the “Record Tax Declaration” screen.

The system displays the following in the “Rent Details” multiline.

Enter the following in Rent Details group box:

City	From the drop-down list box, select the city where the employee is residing.
Amount	The standard amount of rent that will be paid by the employee for a month.

Select the “Default” pushbutton.

The system defaults the amount for all the months in the “Amount” field of the “Monthly Rent Details” multiline.

The system displays the following in the “Monthly Rent Details” multiline:

Month

The month in the financial calendar (April to March).

Enter the following:

City	From the drop-down list box, select the city in which the employee is residing.
Amount	The amount of rent the employee is likely to pay for the month.

Enter the following in the “Children Educational Details” group box:

No. of Children for Education Allowance	The number of children to avail educational allowance.
No. of Children for Hostel Allowance	The number of children to avail hostel allowance.

Select the “Save As Draft” pushbutton.

The system updates the status to “Draft”.

The system updates the following below the “Monthly Rent Details” multiline:

Total

The system displays the total rent amount declared by the employee for the tax year.

Income/(Loss) from House Property and Other Income

Select the “Income/ (Loss) from House Property and Other Income” tab in the “Record Tax Declaration” screen.
Enter the following in the “Income/(Loss) from House Property and Other Income” multiline:

Source of Income	The source of income/loss.
Amount	The amount of income/loss against the source of income/loss.

Deductions Under Chapter VI A

The system displays the following in the “Deductions Under Chapter Vi A” multiline:

Employee PF Contribution	The amount of provident fund to be contributed by the employee is retrieved from the Payroll business process.
Employee VPF Contribution	The amount of VPF to be contributed by the employee is retrieved from the Payroll business process.

The system displays the following in the Investment Details” multiline:

Sec 80 Items

The system displays the Section 80 items, such as Mediclaim, Public Provident Fund, Contribution to Certain Pension Funds, LIC Policy and Term Deposit for 5 years or more with a Scheduled bank.

Enter the following in the “Investment Details” multiline:

Amount

The amount of the investment against the corresponding section 80 item.

Select the “Save As Draft” pushbutton.

The system updates the status to “Draft”.

The system updates the following below the “Investment Details” multiline:

Total Section 80C	The total investment on Section 80 C will appear below the “Investment Details” multiline.
Total Section 80 D	The total investment on Section 80 D will appear below the “Investment Details” multiline.

View and Confirm

Select the “View and Confirm” tab in the “Record Tax Declaration” screen.

The system displays the following in the “Summary” multiline:

Tax Item	The system displays the tax item for which the employee has entered the declarations.
Total Amount Declared	The total amount declared by the employee against the tax item.

The system updates the following below the “Summary” multiline:

Total Section 80C	The total investment on Section 80 C will appear below the “Investment Details” multiline.
Total Section 80 D	The total investment on Section 80 D will appear below the “Investment Details” multiline.

Select the checkbox to acknowledge/ certify the investment declaration of the logged in employee for the financial year.
Select the “Submit” pushbutton.

The system updates the status to “Submitted”

Note: The logged in employee can update the tax declarations, if required.

6 Hyperlinked topics below

Page Objective

Use this page to record/edit/view the tax declaration for a tax year.