A Guide for Proof of Investment

Submission For employee

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Proof of Investment (POI)- Employee

1.Login to Darwinbox Application

2.Once logged in, Go to Compensation module as highlighted in the below image

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3.After clicking on Compensation, you will find a set of tabs under this module. Click on IT
Declaration Tab.

4. You will be asked to submit the relevant proofs for the declared values by your HR/Payroll
team before the end of the financial year. The admin will enable the “Proof of Investment
“window similar to the IT declaration window discussed above.
When the “POI “window is open, there will be an additional “Save as Draft” button beside the
submit button as well as a “Attach File” option under every section.
You can upload multiple files either by adding them in bulk (zip file) at a go or by adding one
by one (Note-if you intend to upload files one by one, make sure that you click on save as draft
after adding each file so that it does not disappear).
You can upload files of maximum 10 MB size. files allowed to upload are PDF, JPG and JPEG
only.
NOTE: - Under the Sec-24, A Percentage Contribution text box allows us to enter a percentage
value. The system calculates the percentage of exemptions based on the value entered.

Unlike IT Declaration window, the “POI” window will be closed as soon as you select the
“Submit” button and the data is sent to the payroll team for validation. So, if you would like to
save the submissions to edit later, then you must use the “Save as Draft” option to retain the
current inputs when you open the POI next time.

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NOTE: - You need to ensure that you “submit “the proofs before the window closes, otherwise
the saved drafts will be discarded.
When we click on the submit button a pop-up will appear. We need to click on download the form
12BB and sign it and upload the signed document in the “upload form 12BB” and click on submit.

When you click on “Submit,” there will be a confirmation message for the submission of form
12BB. Once ‘OK’ submission is completed, and the values cannot be edited. If there are some
more changes to be done, please select “Cancel” option to return to the POI page and make
any relevant changes.

NOTE: - You will not be able to submit the POI until the signed copy of Form 12BB is uploaded.

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The following sections are covered under the POI Declaration -
HRA & Others (U/S 10), House Property (U/S 24), Investment Declaration (U/S 80C) & Others,
Mediclaim (U/S 80D), Donations (U/S 80G) and Others.

• HRA
Enter your residential address, duration (months), monthly rental, and Owner’s. Name and PAN
Please note that the money entered is always for a month.
Flexibility is provided to submit different monthly rental values for any duration [in months].
You can click on the highlighted “i” icon to see the rules applicable for HRA claims.

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• Rent distribution among two owners: If the rent is being distributed between 2 owners,
then this facility will allow you to enter the PAN details of both owners. These 2 owners can
be a husband-and-wife pair or brothers or anyone else.

Example: Here the Employee wants to submit a rent of 10000 to two owners then they
must divide it equally and submit as displayed below. Here, the Employee need not update
the Date of Change field.

• A change of houses in the middle of the month: If an employee changes their house in the
middle of the month, then this facility will allow the employee to enter the PAN details of
the old owner as well as the new owner.

Example: Here the Employee has shifted his house from one location to another in the
middle of the month. Then the Employee can distribute the amount paid to the old owner
and the amount paid to the new owner as displayed below. Here, the Employee need not
update the Date of Change field.

• If an employee gets transferred to a new state in the middle of the month: If an employee
gets transferred in the middle of the month, then this facility will allow the employee to
enter the PAN details of both the old owner and the new owner along with the declaration
of Metro and Non-Metro State.

Example: The employee is moving from one state to another state, that could be from a
Non-Metro to a Metro state. The employee needs to submit PAN card details of both the

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 owners accordingly and must mention the date of change to the new location based on
which the calculation will happen. The declaration will be as shown below.

• You are allowed a maximum of up to four PAN card entries in a month and the same is
available in the IT declaration import sheet. The same fields will be displayed on the IT
declaration page and in form 12BB.

Note

Date of Change is mandatory when there is a location change from Metro to Non-Metro States and
vice versa.

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• Others:
This includes Section 10, Telephone Bills, LTA, Fuel Allowance Bills, Uniform or Attire
Allowance Bills and Transport Allowance.
The “i” icon beside each section shows the Qualified amount or Limit for each bill or allowance.
There are various components available under Section 10 within the dropdown as shown in the
image below. You can select the components as per your salary breakup and input the values.
You can delete the component by clicking on “delete button” as highlighted in the below
image.
NOTE: While the dropdown may show applicable components as per IT act, only the
components included in your salary structure by your company will be eligible for tax
exemption

• House property
You can declare the interest paid on a housing loan for a self-occupied property and the
interest paid on a housing loan for a let-out property.
NOTE: Please enter positive numbers in the respective sections. The total amount will be auto
calculated at the top with a negative sign, which is expected behavior. Please DO NOT enter a
negative value yourself.

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• EXEMPT U/S 80C, 80CCC & 80 CCD
You can add multiple exemptions under U/S 80C, 80CCC & 80CCD, using the dropdown like
Section 10. If provident fund is applicable, it will be considered automatically.

• 80DD - MEDICAL EXPENDITURE FOR A HANDICAPPED RELATIVE

You will find two modes U/S 80DD - Medical Treatment / Insurance of handicapped Dependent
and Medical Treatment / Insurance of handicapped Dependent (severe). You will be able to select
only one mode amongst the two. The value will be auto-filled as per the IT Act guidelines and
cannot be edited.

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• 80DDB - MEDICAL EXPENDITURE ON SELF OR DEPENDENT RELATIVE FOR TREATING SEVERE
DISEASES
Similar to 80DD above, you will have two options and you may select only one. The amount here
can be edited up to the statutory limit mentioned in the heading.

• 80U - MEDICAL EXPENDITURE ON SELF IN CASE OF PHYSICAL DISABILITY

You will find two options in the dropdown for this section as well, and you will be able to select
only one option amongst the two. The values are auto populated and cannot be changed.

• 80 E- INTEREST PAID ON LOAN FOR HIGHER EDUCATION

This section is for declaring Interest paid on Education Loan, and you can enter the amount as per
the interest paid for a financial year as per the interest document.

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• 80 EE - ADDITIONAL HOME LOAN INTEREST DEDUCTION
You will find “Additional Home Loan Interest Deduction” under type of mode, and you can enter
the amount up to the limit mentioned in the heading.

• An additional constraint is introduced for tax deductions under sections 80EE and 80EEA. Thes
sections will be blocked if two home loans are opted for.
• Validation is performed to ensure that Home Loan Interest deductions do not exceed the CAP
limit of Rs. 200,000 under Section 24. If an employee declares more than this limit, the excess
amount is categorized as an additional Home Loan Interest Deduction (80EE or 80EEA) with
specific applicability criteria.

• ADDITIONAL EXEMPTION UNDER NATIONAL PENSION SCHEME (NPS) U/S 80CCD (1B)
You will find “Additional investment under national pension scheme” under type of mode, and you
can enter the amount up to the limit mentioned in the heading

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• 80 EEA - ADDITIONAL HOME LOAN INTEREST DEDUCTION
You will find “Additional home loan interest deduction” under type of mode, and you can enter the
amount up to the limit mentioned in the heading.

NOTE:- Section 80EEA applicable time limit Benefits of Section 80EEA are offered to home loans
sanctioned between 1 April 2019 and 31 March 2022. Borrowers whose loans were approved
during this period will enjoy the tax deduction under this section throughout the loan repayment
tenure. Housing loans sanctioned starting 1 April 2022 are not eligible to claim Section 80EEA
deduction as the benefits offered under this section ended on 31 March 2022.

• 80 EEB - DEDUCTION IN RESPECT OF PURCHASE OF ELECTRIC VEHICLE

You will find “Deduction is respect of purchase of electric vehicle” under type of mode, and you
can enter the amount up to the limit mentioned in the heading.

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• 80TT
You will find two options in the dropdown. You can only select one mode amongst the two
depending on your age and enter the amount. The “i” icon will show the eligibility information and
limits.

Linkage of 80TTA and 80TTB with Interest on Saving Account

A validation rule now links Sections 80TTA and 80TTB with the Interest on Saving Account. To
claim these sections, the system checks whether the Interest on Saving Account has been selected
and verifies the employee's age to determine the eligible section (80TTA for the general cadre and
80TTB for the senior cadre)
• Mediclaim (U/S 80D)
You will see 4 options for medical insurance exemptions, where you will be eligible for two options
depending on whether you are a senior citizen. Please fill in the amounts in the appropriate
sections.

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• Donations (U/S 80G)
Under this section you will have options for different types of donations under different sub-
sections as shown in the image below. You may select the applicable type of donation and enter
the Donee PAN, Name, Address and Amount

80GGC Section now includes fields for Name of the Landlord, PAN of the Landlord, Resident
Address, Address of the Landlord, and Amount.

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• Others
You can declare income from other sources like interest on savings accounts, NSC received, any
other income and PF interest above 2.5L

• Form12B
Kindly note a new jonnie must mandatorily submit his/her form12b attachment under FORM12B
tab.
Note : If you’re a Fresher or didn’t exit in the current FY, then you can select "Is fresher/ Not exit in
current FY" to not to submit Form 12b.

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