Proof of Investments

• What is income tax declaration and what is proof of investments?
• Does Zoho Payroll support computing taxes according to the New Tax Regime?
• Is there an option to view tax liability before submitting investment declarations?
• Can I switch between tax regimes in the middle of the fiscal year?
• Can I attach all the proofs at one go?
• Can I collect proofs in multiple phases or can it be done only once?
• Can the declaration be changed after proof of investment is submitted?
• Should I approve the proof of investments even though I submit it directly from the admin portal?
• How do I reject an investment proof?
• Can Income Tax be edited/overridden after POI is submitted?
• Can the POI lock be released after the date is barred?
• Can I selectively release the POI lock for certain employees after the date is barred?
• Should I add EPF and VPF details in the Proof of Investment module and submit proofs separately?
• Do I have to add the upper limit for investments under each section while enabling proof of investments submission?
• What is Declared amount, Approved amount, and Actual amount?