Declare your Investment details in the FY starting, and submit Investment proofs in the year-end, and can preview the tax liability; tax deducted so far and balance tax payable for the FY.
From Home Page, click on My Taxes for the Year quick link
There are 5 tax declaration heads are available, as shown in below screen.
Click on individual links given to enter IT Declarations
Enter declaration in the PLANNED column in the FY starting, same will be considered for tax calculation till IT proof collection starts.
Enter actual bill amount in the ACTUAL column at the year-end while submitting proofs.
Immediately after entering actual bill amount upload the scanned copy of bills in the portal.
APPROVED amount will be displayed for review after completion IT proof auditing and the approved amount will be final exemption amount as per the IT rules.
To view IT Computation Sheet, click on My Taxes for the Year tab
Update Rent Declaration
If rent paid exceeds INR 1.0 Lacs, then it is mandatory to update either of the two
PAN of the landlord
Declaration from the Landlord that he/she does not have PAN.
To update the Owner’s information, follow the below steps:
- In the declaration page, click “House Rent Receipt”
- Tick the “Owner’s PAN Proof/Declaration” checkbox
- Click “Add row”
- Update the details and “Save”
PF, Insurance, Mutual Funds,..(ChapterVIA)
LTA and others (Section 10)
Other Income and Losses
Previous Employment Details
Update previous employer taxable income in Previous Employment Details tab.
Profession tax and Income Tax has to be referred from Form -12B, if employee joined in mid of the Financial Year.
Note : There is no declarations Form, instead employees can use their ESS portal to declare their investments