Investment Type

From this page, we can create the Investment Types like 80C, 80D, 80CCC, etc. used for tax exemption declarations and we can define the upper limit for them.

To open this, navigate to Payroll->Payroll Configuration->Investment Type.

Investment Type:

Enter the name of the investment type — for example, U/S 80C.

Upper Limit:

Enter the maximum investment amount allowed under this investment type for tax exemption purposes — for example, ₹1,50,000.

Description:

Enter a brief description of this investment type to help employees understand what it covers.

The Bulk Action button allows you to delete multiple investment types at once, streamlining the management process.