> For the complete documentation index, see [llms.txt](https://docs.pockethrms.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pockethrms.com/hr-and-admin-portal/cloud-configuration/income-tax/income-tax-new-financial-year.md).
# Income Tax - New Financial Year
### **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***](mailto:support@pockethrms.com)
### How to do the Challan Entry?
Log into the cloud portal, click on the ‘Income Tax’ menu and then select the ‘Transaction’ sub-menu followed by the ‘[Challan Entry](https://cloud.pockethrms.com/Itax/transaction/challanentry)’ option.
Click on the ‘+’ button to add the month-wise challans. A pop-up window will open.
Fill in the details in the form and click the ‘Save’ button.
For any queries, contact
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