Investment Type & Investment
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.
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.
Investment:
From this page, we can create the Investment for Investment Types.
Investment Name:
Enter the name of the investment —— for example, LIC, ELSS, or PF.
Investment Type:
Select the investment type under which this investment falls —— for example, U/S 80C. The investment types available here are configured on the Investment Type page.
Description:
Enter a brief description of this investment to help employees identify and select it during their tax declaration.
The Bulk Action button allows you to delete multiple investments at once, streamlining the management process.