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Customize POI settings

Updated in March-2024 | Subscribe to watch greytHR how-to video

POI, or Proof of Investment, pertains to the documentation or evidence submitted by an employee to validate their investment-related declarations and qualify for tax benefits according to the income tax regulations.Β 

As an admin, you must first customize the POI settings as per your company policy requirements. The greytHR Admin portal POI Overview page allows you to customize the POI Settings.

To view the POI Overview page, click Payroll > Admin > POI Overview.

To customize the POI Settings, perform the following actions:

  1. On the POI Overview page, click the Settings icon on the right side of the screen. The POI Settings window opens.

  2. Make the changes in the following settings as per your requirements. The POI Settings include the following:

  3. General settings

  4. Family Details Mandatory for dependent Claims?
    Once you enable the option, the family details become mandatory for any claim.

  5. General Instructions
    Enter the instructions related to POI declaration for your employees. These instructions are displayed on the POI declaration page.

  6. Select the Allow employees to submit Income from Previous Employer details(in IT declarations and POI pages) checkbox to allow your employees to submit their income details from previous employment.

  7. Re-Release Settings
    The employees can request the re-release of their POI items directly from their ESS portal, simplifying the process for both parties.

    1. Under Allow Re-Release requests during, select the Pending for Review, Pending for Payroll, and Considered for Payroll checkboxes as per your requirements.
      Note: Enabling this option allows your employees to raise a re-release request for any of their POI items.

    2. Under Auto-Approve Re-Release requests during, select the Pending for Review, Pending for Payroll, and Considered for Payroll checkboxes as per your requirements.
      Note: Enabling this option auto-approves the re-release requests raised by your employees and reduces the manual effort to approve each of their POI re-release requests.

    3. From the Allow Re-Release request till dropdown calendar, select the required date until when you can allow your employees to raise a re-release request for their POI items.

      Note: You can view the re-release requests made by your employees under the Re-Release Request tab available on the POI Overview page.Β 

  8. Attachments

  9. Enable Attachments
    Select this option for allowing employees to attach their POI for declaration.

  10. Mandatory
    Select this option to make the POI attachment mandatory for the employees either section-wise or for all the components. Employees cannot submit the declaration until they attach the proof of their investment to the form.

  11. Attachment ForΒ 

    1. Section Wise: Select this option to enable individual attachments for each section in the employees' POI form.

    2. Common: Select this option to enable proof attachment in bulk upload for employees.Β 

  12. Employee ESS settings

    1. Allow employees to change regime while submitting POI: This option allows the employees to change their regime at the time of submitting their POI form.

    2. Allow new Joinee without IT declaration to select regime during POI declaration: This option allows a new hire to select regime at the time of declaring POI without declaring IT.

    3. Allow employees to acknowledge their declaration: This option allows you to provide a declaration note to your employees, which they must acknowledge before submitting their POI.

    4. Make Landlord Name and PAN mandatory: This option makes your employees mandatorily submit their Landlord name and PAN.

    5. Make Lender's Name and PAN mandatory: This option makes your employees mandatorily submit their Lender's name and PAN.

    6. Make Date of Availing House loan mandatory in Section 24: This option makes your employees mandatorily mention the date of availing a house loan.

    7. Make Date of Acquisition mandatory in Section 24: This option makes your employees mandatorily mention the date of acquisition.

  13. Declaration Note: In the Declaration Note description box, you can enter the note that employees must acknowledge before submitting the POI.

  14. Click Save Settings to save your changes in the POI Settings.

In the POI management process, once you have set up your POI settings the next step is to release and manage the POI declaration form.

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