📄Income Tax

This page provides a step by step guide for FAQs related to 'Income Tax' menu in the Cloud portal

1. How to create a new financial year?

How to do financial year end transfer? or How to change financial year?

Step 1: Go to the ‘Income Tax’ and under the ‘Utilities’ click on the ‘Year End Transfer’

Step 2: Select the ‘Company Name’ and then click on the ‘Transfer’ button.

Next, you need to do section updation so that the financial year change will be reflected in the ESS portal properly.

Step 3: Go to ‘Income Tax’ menu, under the ‘Utilities’ click on the ‘Web Post’.

Step 4: Select the ‘Section Updation’ option, and click on the ‘Section Updation’ button and new financial year will be created.

Note: Ensure that the payroll for all the months of previous year are successfully processed

Path: Cloud Portal>Income Tax>Utilities>Year End Transfer

Link: https://cloud.pockethrms.com/ITax/Utilities/YearEndTransfer

For any queries, contact [e-mail]

2. What is the web post in the Pocket HRMS?

In Pocket HRMS Webpost, is about updating the Income Tax module with respect to section updates, and managing the flow of declarations/proof entries between the ESS (Employee Self-Service) portal and the cloud portal. It can be approached using the following four options:

Section Updation:

This involves updating the income tax sections within the HRMS to reflect the latest changes in tax laws and limits. This step ensures that the system is aligned with current tax regulations for accurate tax calculation.

Import from Self Service Portal:

This option imports employees' income tax declarations from the ESS portal into the cloud-based HRMS. This allows HR to centralize and review declaration data submitted by employees directly through the ESS.

Import Proof from Self Service Portal:

Through this option, you can import proof of declarations (such as rent receipts, medical bills, etc.) that employees have submitted on the ESS portal into the cloud HRMS. This provides a streamlined approach for HR to verify and process proof submissions in one place.

Import Proof Documents from Self Service Portal:

This option imports any attached proof documents that employees have uploaded on the ESS portal. It’s especially useful for tracking and maintaining supporting documents for tax declarations. It helps HR to keep records compliant and accessible.

Export to Self Service Portal:

This option allows the export of any updates or verified income tax data from the HRMS back to the ESS portal. Employees can then view their updated declaration status, verification outcomes, and overall tax position in real-time on the ESS portal.

Path: Cloud Portal>Income Tax>Utilities>Web Post Link: https://cloud.pockethrms.com/itax/utilities/webpost

For any queries, contact [e-mail]

3. How to add/edit/change/update any PF tag, ESI tag or wage tag?

If you need to add or make any changes in the PF tag, ESI tag or wage tag, we suggest you to contact our support agent.

For any queries, contact [e-mail]