Declare income tax (IT)
Updated in March-2024 | Subscribe to watch greytHR how-to video
The Income Tax (IT) declaration helps you to share the details of all the IT expenses and investments planned for the current financial year. The deduction is called Tax Deduction at Source (TDS). Once the TDS is deducted, your admin pays the same to the Income Tax department or Central Government.
greytHR enables you to declare your Income Tax from the Mobile application. The IT Declaration screen on the greytHR Mobile application allows you to upload your documents, fill in the required details, and submit your tax return.
To view the IT Declaration screen from the greytHR Mobile application, navigate to Explore > Salary > IT Declaration.
You can perform the following actions on the IT Declaration screen:
Declare Income Tax.
Download Form 12BB.
Revise IT declaration.
Withdraw IT declaration.
View previously submitted IT declaration.
Declare income tax
To declare your Income Tax, perform the following actions:
On the IT Declaration screen, tap the Declare option. A list of IT declaration component cards appears.
Tap the → arrow on the required component card-for example - Sec 80C. The form appears with 80C and 80CCC sections.
Enter the required details.
Click Save to update the changes in the Sec 80C form. A success message appears. You can also erase the updated changes by tapping the Clear button.
Note: Perform similar steps for other components also.Tap Submit IT Declaration. The Preview screen opens. You can view the preview of all the submitted components.
Note: Tap the Edit icon on any component card to update your changes before submitting your IT declaration.Tap Next. The Select Regime screen opens.
Note:As per the Income-tax department notification, a regime can be selected only once in the financial year.
If you have business income, then regime selection will be restricted for the next financial year, and your selected regime will be carried over to the next financial year. However, regime selection will be available by default if you are declaring your IT declaration for the first time.
Select the New Regime/Old Regime option as per your requirements.
Note: Tap the View Detailed Comparison option to compare the old and new regimes.Enable/Disable the Income From Business option as per your requirements.
Note: You can view this option only if it is configured in the system as per your company policies.Select I acknowledge that I can select my regime only once for the current and next financial year checkbox.
Tap Submit IT Declaration to declare your Income Tax. A success message appears.
Download Form 12BB
Form 12BB is a statement showing the details of your declaration, as mentioned in the investment plan made by you. As per the Income Tax rules, you must submit a hard copy of Form 12BB to the employer along with your signature.
To download Form 12BB, perform the following actions:
On the IT Declaration screen, tap the Download Form 12BB button. A success message appears.
Revise IT declaration
To revise your IT declaration, perform the following actions:
On the IT Declaration screen, tap the Withdraw and Revise button. A confirmation pop-up appears.
Tap Confirm to withdraw your IT declaration. A list of IT declaration component cards appears.
Perform the same steps that you followed to declare IT earlier.
Tap Submit IT Declaration to declare your revised Income Tax. A success message appears.
Withdraw IT declaration
To withdraw your IT declaration, perform the following actions:
On the IT Declaration screen, tap the Withdraw and Revise button. A confirmation pop-up appears.
Tap Confirm to withdraw your IT declaration.
Press the back button. You can now start your declaration again.
View previously submitted IT declaration
To view your previous IT declaration, perform the following actions:
On the IT Declaration screen, tap the ⇾ arrow on the Tap to view your last IT Declaration card. The My Declarations screen opens.
From the Select Time Period dropdown list, select the required month of declaration.
From the year dropdown list, select the required financial year. The declaration appears for the selected period.
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