Proof of Investment
Proof of Investment
Collect, validate, and approve employee proof of investment documents against their declared savings — with configurable approval flows.
Once the employees submit the proofs for the Income Under Section 24 for Self-Occupied and Rented, as payroll admin you need to either approve or reject them. To do this,
Navigate to Tax and Statutory Compliances → Tax Declaration → Proof of Investment.
For both Self-Occupied and Rented, you can view separate cards displaying the status along with the number of employees in each category: Declared, Applied, Returned, Approved, Reopened, and Rejected.
Declared – The employee has declared the investment category but has not submitted the proof.The Payroll Admin can send a notification by clicking the Notify button.A pop-up window will appear with a default subject and body for the email.If required, the content can be edited before clicking Send.All concerned employees will receive the notification in their work email.
Applied – The employee has declared and submitted proof, and it is awaiting approval.
Returned – The Payroll Admin has reviewed the submission and provided comments. The employee needs to take action and resubmit.
Reopened – The Payroll Admin has reopened the investment category to allow the employee to update the details.
Approved – The submitted proof has been verified and accepted by the Payroll Admin.
Rejected – The submitted proof has been reviewed but not accepted, and the claim stands rejected.
Approving Investment Proofs
Click on the Applied card. A pop-up window will appear showing the list of employees who have submitted their proof.
Select the required employee and click the Proceed button.
Review the proof submitted and update the Approve amount.
Based on the verification, choose one of the following actions: Approve, Reject, or Return.
Fig: Approve or Reject or Return
Fig: Mail Notification
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