Income Tax - New Financial Year

Income tax transfer for new financial year

This page provides the steps to change the financial year for income tax calculations.

Pre-requisites:

โœ”๏ธ Admin credentials

โœ”๏ธUser rights

Note - Kindly contact your Admin/ HR for rights if you are not able to perform the steps below.

How to change the financial year for income tax calculations?

Step 1: Go to 'Income Tax' > 'Utilities' > 'Year End Transfer'.

Step 2: Select the checkboxes for the companies and click on the 'Transfer' button to complete the process.

Note: If you are unable to transfer the income tax calculations to the next financial year, kindly contact us at support@pockethrms.com

How to do the Challan Entry?

Log into the cloud portal, click on the โ€˜Income Taxโ€™ menu and then select the โ€˜Transactionโ€™ sub-menu followed by the โ€˜Challan Entryโ€™ option.

Click on the โ€˜+โ€™ button to add the month-wise challans. A pop-up window will open.

Fill in the details in the form and click the โ€˜Saveโ€™ button.

Last updated