Proof of Investments
- What is income tax declaration and what is proof of investments?
- Does Zoho Payroll support computing taxes according to the New Tax Regime?
- Is there an option to view tax liability before submitting investment declarations?
- Can I switch between tax regimes in the middle of the fiscal year?
- Can I attach all the proofs at one go?
- Can I collect proofs in multiple phases or can it be done only once?
- Can the declaration be changed after proof of investment is submitted?
- Should I approve the proof of investments even though I submit it directly from the admin portal?
- How do I reject an investment proof?
- Can Income Tax be edited/overridden after POI is submitted?
- Can the POI lock be released after the date is barred?
- Can I selectively release the POI lock for certain employees after the date is barred?
- Should I add EPF and VPF details in the Proof of Investment module and submit proofs separately?
- Do I have to add the upper limit for investments under each section while enabling proof of investments submission?
- What is Declared amount, Approved amount, and Actual amount?