Investment Declaration

You can configure the accessibility to the investment declaration page in self-service portal, for employees to declare their investment information for the financial year.

Investment declaration timeline 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 information needs to be maintained both for the regular employees and new hires. The investment declaration values are used to calculate the income tax to be deducted for the employee.

Here's how you can set the timeline for investment declaration:

Navigation: Setup and Maintenance > Tasks > Search > Manage Legal Reporting Unit HCM Information

1. Set the scope for this task by selecting the parent Legal Entity and then the Legal Reporting Unit.
2. On the Manage Legal Reporting Unit HCM Information page, select the income tax TRU and click Apply and Go to Task.
3. Edit the tax reporting unit of type Income Tax by selecting the Correct mode.
4. In the Investment Declaration Period, enter the period within the financial year and the timeline every month for capturing the employee's investment declaration information:

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 can't 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.

Note:

1. To change the investment declaration timeline, edit the tax reporting unit in Correction mode. Using the update mode only creates the TRU update history.
2. Verify that there's no overlap of dates for investment declaration and submission of documents for investment proof.

5. Submit the investment declaration details.