The Investment Declaration provides an automated workflow for employees to submit Investment Proofs and for the Administrator to audit and approve/reject them.
It is an easy-to-use online system to finalize TDS calculations. No paperwork, no email hassles. One single platform to manage investment proofs for year-ending tax calculations.
FOR EMPLOYEES
- Go to the Investment Declaration page from
Employee Section > My Documents > Investment Declaration. - There will be a list of all the available investment items. One or more will be relevant for you. Against the investment(s) you have made, enter the amount and upload a supporting document (pdf or image format).
- An Employee can update their investment details until the time that the Administrator has locked the submission. Also, an Employee can view a note (if any) shared by the Administrator if either a partial amount was approved or rejected.
- The employee will receive a notification once the audit has been completed or any update has been made by the Administrator for that employee’s investment records.
FOR ADMINISTRATORS / AUDITORS
- Go to the Investments page from
Admin Section > Utilities > Investments, to verify and audit all Employee Investments from a single page. - This page will show all the unaudited investment cases pending for the employees. The Administrator will have to click on the relevant Audit Button to see the details of investments made by an Employee.
- The Administrator can view the declaration and the proof that was uploaded with it. After due checking, the Administrator will enter the approved amount for each applicable investment. They can also enter a note for an employee e.g. when the amount declared is only partially approved or rejected. This note will be visible to the employee. Once this process is completed the administrator will mark the Investment as Audited and click Save.
- On Clicking Save, a notification is sent to the employee with an Audit update message. If the employee makes any further changes to their declarations, the case is reopened and will appear in the pending list of the Administrator's Investment dashboard.
- The process will be repeated for all the pending investments for Auditing. At any point of time, the Administrator can download an Excel Report of the amount declared by the employee and the amount approved by the Auditor in a crosstab format.
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