Define Window Period for Investment Declaration

You can define the period within which the employees can declare their investment information for the financial year.

As a Payroll Implementor or Administrator, you need to define the period in which employees can declare their investment information. Investment declaration window is available at the beginning of each financial year except during the freeze period. This is from April to November in each financial year and from the 1st to 14th of every month. The investment declaration values are used to calculate the income tax to be deducted for the employee.

The investment information needs to be maintained both for the regular employees and new hires. the period within the financial year and the timeline every month for capturing the employee's investment declaration information.

Set the scope for this task by selecting the parent Legal Entity and then the Legal Reporting Unit, as described in previous tasks.
Select Manage Legal Reporting Unit HCM Information in the implementation project task list.
On the Manage Legal Reporting Unit HCM Information page, select the Tax Reporting Unit and click Next.
Select the Tax Reporting Unit Type and click Next to fill the respective information.

In the Investment Declaration Window Information section:

Enter the period within the financial year and the timeline every month for capturing the employee's investment declaration information.

Note: Verify that there is no overlap of dates for investment declaration and submission of investment proof documents.

Field	Description
Effective Period Start Date	Enter the start date from when the investment proof documents can be uploaded.
Effective Period End Date	Enter the end date after which proof documents cannot be submitted.
Start Day of Every month	Enter the start date in every month when the investment declaration info can be updated.
End Day of Every month	Enter the end date in every month after which the investment declaration info can't be updated.

Click Submit.