How to fix error message “IT Declaration not reflecting as per Current FY”?

To fix the application error: IT Declaration not reflecting as per Current FY, perform the following actions:

1. In the greytHR application, click the Settings icon in the header.
2. Navigate to System Settings > Payroll > Payroll Preferences. Payroll Settings page opens.
3. On Payroll Settings page, under the heading Employee Declarations, select the following two options:
   1. Show current unreleased salary to plan IT Savings if there are no released payroll for that year.
   2. Show current unreleased salary for newly joined employees to plan their IT Savings.
4. Click Save to update the settings.