Yes. After an admin approves the POI form of an employee, they receive a confirmation email along with Form 12B attached to the email.
The Proof of Investment (POI) module consists of the complete process of declaration of employees' investments to save tax. To ensure minimum tax deduction, all the employees must declare the number of investments they plan at the beginning of every financial year. Employees' taxable income is then computed based on their investment declarations, and subsequently, tax is then deducted from employees' salaries every month.
❓FAQs- To read more FAQs about the POI, click here.
📃Documentation- To learn more about POI, click here.
▶Video- To watch the video on POI submission, click here.
📢Product Update- To read about the product update, click here.