📃Income Tax

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

1. How to activate the ‘Work Sheet Annexure’?

Step 1: Log into the cloud portal and click on the 'Setting' menu and click on the ‘Income Tax’ tab.

Step 2: Select ‘Tax Settings and then click on ‘Projection’ and click on the check box for ‘Worksheet Annexure Required’ as shown below.

For any queries, contact [e-mail]

2. How to download IT proof for a financial year?

To download IT proof for a year first, you need to set that year as a default financial year.

Step 1: For this log into the cloud portal, go to the ‘Settings’ menu and under the ‘Income Tax’ tab, click on the ‘Financial Year’ subtab. Click on the ‘Edit Icon’ for the year you want to download IT proof for.

For example, here we will activate year 2023-2024.

Step 2: Fill in the necessary details, you must check the box for ‘Set as a default financial year’ to be able to download the IT proof. Click on the ‘Save’ button and the respective year will be set as default financial year.

Step 3: Next, go to the ‘Analytics’ menu and click on the ‘Reports’ sub-menu.

Step 4: Go to ‘Income Tax’ tab and click on the ‘Pending Proof Detail’ sub-tab. Select the employee from the ‘Employee Code’ drop-down, select the ‘Category’ as required and click on the ‘Download Proof Document’ button.

You can also click on ‘Download PDF’ or ‘Download Excel’ button and the proof details will be downloaded in respective formats.

For any queries, contact [e-mail]

3. In new tax regime, SEC 80CCC NPS is not showing

Step 1: Go in the ‘Setting’ menu, then click on ‘Income Tax’ tab. Then click on ‘Tax Sections’ and select ‘Tax Sub Section’ option. From the ‘Section’ drop-down select ‘Section 80C’ and click on the ‘+’ icon to add new 80 CCC.

Step 2: In the ‘Tax Sub Section’ pop-up, fill in the details in the respective fields as given below.

• Tax act details - 80 CCC NPC

• Limit - 15000

• Order No - 5

• Exemption Method - Yearly Limit

• Web Post - Yes

• Include in New Regime - Yes

Click on the ‘Save’ button and the SEC 80CCC NPS will become Visible.

For any queries, contact [e-mail]

4. How to change or add income tax details such as income tax amount, tax regime or challan entry?

You can refer to the links below for the respective changes related to the income tax.

• Change the income tax regime for multiple employees

• Change the income tax regime for a single employee

• Add the income tax declaration details for an employee

• Add details in the income tax challan entry

For any queries, contact [e-mail]

5. How to enter/update/edit/view/check/change company's TAN number (Tan No.)?

Step 1: Log into the cloud portal, go to the ‘Settings’ menu and under the ‘Income Tax’ tab, click on the ‘Financial Year’ subtab.

Step 2: Click on the ‘Edit Icon’ for the current financial year.

Step 3: Enter the TAN number in the ‘Tan no.’ field and click on the ‘Save’ button. the TAN number will be saved accordingly.

Path: Cloud portal>Setting >Income Tax >Financial Year>click ‘Edit Icon’>Tan no.>Save

Link: https://cloud.pockethrms.com/Settings/Employee/Index?module=incometax&submodule=FinYear#

For any queries, contact [e-mail]

6. How to activate work sheet annexure month wise option for the tax setting projection for tax computation/calculation/ tax worksheet report?

Step 1: Log into the cloud portal, go to the ‘Settings’ menu. Under the ‘Income Tax’ tab click on the ‘Tax Settings’ subtab and select the ‘Projection’ option.

Step 2: Tick the checkbox for the ‘Work Sheet Annexure Required’ option and click on the ‘Save’ button. Now you will get WorkSheet report with the Work Sheet Annexure report

Path: Settings>Income Tax>Tax Settings>Projection>Work Sheet Annexure Required>Save Link: https://cloud.pockethrms.com/Settings/Employee/Index?module=incometax&submodule=ptaxprojection

For any queries, contact [e-mail]

7. How to check current financial year financial year?

Step 1: Log into the cloud portal, go to the ‘Setting’ menu and under the ‘Income Tax’ tab click on the ‘Financial Year’ subtab.

Here, the year with the ‘Label as Default’ is the current financial year, where as you can also view the listed previous years too.

Path: Cloud portal>Settings-> Income tax-> financial year

Link: https://cloud.pockethrms.com/Settings/Employee/Index?module=incometax&submodule=FinYear

For any queries, contact [e-mail]

8. How to Change the Default Financial Year?

Path: Cloud> settings > income tax > financial year > edit icon for which financial year report required > set as default financial year> save

Step 1: Log into cloud portal, go to ‘Settings’ menu, select ‘Income Tax’ tab, go to the ‘Financial Year’ from sub menu and click on the ‘edit icon’ on the right top corner of the financial year which you need.

Step 2: Select the option ‘Set as default financial year’, and click on ‘Save’.

For any queries, contact [e-mail]

9. Where to find Income Tax Settings?

To check the Income Tax settings, follow the path below:

Path: Cloud login > Settings > Income Tax > Here you will see the sub tabs like Tax Calculation, Tax Section, Income matching, Tax settings etc.

Step 1: Log in to the 'Cloud' portal and go to 'Settings' menu.

Step 2: Select the 'Income Tax' tab and here you will see the sub-tabs like 'Tax Calculation', 'Tax Section', 'Income matching', 'Tax settings' etc.

Link: https://cloud.pockethrms.com/Settings/Employee/Index?module=incometax&submodule=ptaxprojection

For any queries, contact [e-mail]