About Income Tax Declaration
Declare your investments and upload proofs using the XPayroll Dashboard as an employee.
You can file your income tax declarations via XPayroll. XPayroll supports the following tax declaration and filing features:
- Select from a Dual Tax Regime.
- Declare investments and avail tax exemptions.
- We ask for investment proofs in January to verify the documents on your company's behalf, only if the setting is enabled.
- After verifying the proofs, XPayroll automatically recalculates the TDS liability.
- Receive Form 16 once the financial year is complete. XPayroll also files the TDS returns.
To make income tax declarations:
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Log in to the
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Navigate to
from the left menu.
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Check your tax liability based on each tax regime and preview your upcoming payslip in the right pane, as shown. Click SWITCH REGIME to change your selection. The payslip changes as per the regime you select.
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If you choose the old regime, click EDIT in the respective sections as shown and submit your investment proofs.
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XPayroll automatically recalculates the TDS based on your declarations. You can compare the liabilities and confirm your regime. Click CONFIRM SELECTION.
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For your consideration, XPayroll also suggests which regime you can choose based on your income and declarations.
In the example below, the old regime is more beneficial since the employee is choosing to make investments.
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Some organisations may have an approval mechanism. In such cases, the following message is displayed until your declarations are approved. Post-approval, the TDS is recalculated.
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XPayroll displays the following screen after you confirm your regime.
Watch Out!
Once you select and confirm a regime, you cannot change it. The admin/HR in your organisation can access it for you if required.
Sometimes, you may receive an email from XPayroll indicating changes or even removal of your tax declarations. This happens because:
- You have not uploaded any investment proofs for your tax declaration before the due date.
- The amount in the proofs uploaded do not match with your declarations.
To resolve this:
- Navigate to on your Dashboard.
- Upload the correct proofs.
Your organisation's XPayroll administrators must approve the corrected proofs. XPayroll then updates your tax declarations.
You must pay tax on your annual income if it exceeds a certain limit. When you earn more, you pay more tax. Following are some ways by which you can reduce your tax liability:
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House Rent:
Provide your rent information on the Tax Deductions page in XPayroll. If you pay more than ₹8,333 per month as rent, provide the landlord's name, address and PAN number. -
Make Investments:
Make investments that have tax benefits and deductions. You can put an amount in the specific section on XPayroll even if you are yet to make any investments. However, ensure you have made those investments by the end of the financial year. -
Interest on Home Loan:
You can get a deduction of up to 2 lakhs on the interest paid on a home loan.
Update the above information on your XPayroll Dashboard to avail tax deductions and benefits.
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