# 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'.

![](/files/-MYB3fQ2Gs5XFpQ2jc0a)

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

![](/files/-MYB3jXmwyanXUgHNt76)

***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.

<figure><img src="/files/B1tBXVFnNl8vHaTYidQy" alt="" width="240"><figcaption></figcaption></figure>

Click on the ‘+’ button to add the month-wise challans. A pop-up window will open.

![](/files/cW5ah38Ej0tY97lM5oby)

Fill in the details in the form and click the ‘Save’ button.

<figure><img src="/files/W2tGO6AuIrzdDb7BrZNB" alt=""><figcaption></figcaption></figure>

For any queries, contact <support@pockethrms.com>


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