Yes, the admin can compute the income tax of resigned employees.
To settle a resigned employee's income tax (IT) during the final settlement, the admin must complete the following three processes:
- Clear IT declarations and reprocess the income tax from the beginning of the financial year.
To know how to clear IT declarations, click here. - Process Full and Final settlement without clearing the IT declaration. Ensure to collect proof of investment from the employees.
To know how to process the Full and Final settlement, click here. - Choose to clear or process the IT declaration for each employee individually.
To know how to clear or process the IT declaration, click here.
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Related Links:
❓FAQs - To read more FAQs about the IT declaration, click here.
📃Documentation - To learn more about the IT declaration page, click here.
▶Video - To watch the video on IT declaration, click here.
📢Product Update - To read about the product update, click here.