Proof of Investment Submission Guide for Employees

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 Proof of Investment (POI)- Employee

1. Login to Darwinbox Applica on

2. Once Logged in, Go to Compensa on module as highlighted in the below image

3. A er selec ng Compensa on, you'll see a set of tabs within this module. Click on the IT
Declara on tab.

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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 declara on window.

Once the "Proof of Investment" window is open, you will no ce an addi onal "Save as Dra "
bu on next to the "Submit" bu on, along with an "A ach File" op on for each sec on.

You have the flexibility to upload mul ple files either by bulk (e.g., a zip file) or individually. If
uploading files one by one, please ensure you click "Save as Dra " a er each file upload to
prevent any data from being lost.

The system allows file uploads of up to 10 MB in size. Accepted file formats are PDF, JPG, and
JPEG.

Note: In the "Sec-24 A Percentage Contribu on" text box, you can enter a percentage value. The
system will automa cally calculate the exemp ons based on the entered percentage.

Unlike the IT Declara on window, the "POI" window will close immediately once you click the
"Submit" bu on, and the data will be sent to the payroll team for valida on. If you wish to save
your entries for future edi ng, be sure to use the "Save as Dra " op on to retain your current
inputs when you reopen the POI window.

Note: You must ensure that you "Submit" the proof documents before the window closes,
otherwise, any saved dra s will be discarded.

When you click the "Submit" bu on, a pop-up will appear. You will need to download Form 12BB
and verify and then upload the document in the "Upload Form 12BB" sec on before clicking
"Submit."

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When you click on "Submit," a confirma on message will appear for the submission of Form 12BB.
Once you click "OK," the submission will be finalized, and the values can no longer be edited. If you
need to make any further changes, select the "Cancel" op on to return to the POI page and update
the necessary informa on.

Note: You will not be able to submit the POI un l Form 12BB has been uploaded.

The following sec ons are included under the POI Declara on:

1.HRA & Others (Sec on 10)

2.House Property (U/S 24)

3.Investment Declara on (Sec on 80C) & Others

4.Mediclaim (Sec on 80D)

5.Dona ons (Sec on 80G)

6.Others

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 HRA & Others (Sec on 10) ô
Please enter your residen al address, the dura on (in months), monthly rental amount, and the
owner's name and PAN. Note that the rental amount entered is always for a monthly period.
You have the flexibility to submit different monthly rental values for each dura on (in months).

To view the applicable rules for HRA claims, click on the highlighted "i" icon.
However, please be aware that under the “NEW TAX REGIME”, HRA exemp on is not applicable.

 Rent Distribu on Among Two Owners:

If the rent is being shared between two owners, this op on allows you to enter the PAN details for
both owners. The two owners can be a husband-and-wife pair, siblings, or any other individuals.
Example:
If the employee wishes to submit a rent amount of ₹10,000 to two owners, the rent must be
divided equally between them, as shown below. In this case, there is no need to update the "Date
of Change" field.

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 Change of Residence in Mid-Month:
If an employee changes their residence during the month, this facility allows the employee to enter
the PAN details for both the old and new property owners.
Example:
If the employee has moved from one house to another within the same month, they can allocate
the rent paid to the old owner and the rent paid to the new owner as shown below. In this case, the
employee does not need to update the "Date of Change" field.

 If an employee gets Transfer to a New State in Mid-Month:

If an employee is transferred to a new state in the middle of the month, this facility allows the
employee to enter the PAN details of both the old and new property owners, along with a
declara on of whether the state is a Metro or Non-Metro.
 Example:
If the employee is reloca ng from one state to another, such as moving from a non-metro state to a
Metro state, they will need to submit the PAN details for both property owners accordingly.

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 Addi onally, the employee must specify the "Date of Change" to the new loca on, based on which
the calcula on will be made. The declara on will appear as shown below.

You are allowed a maximum of four PAN card entries per month, and this limit is also reflected in
the IT declara on import sheet. These same fields will be displayed on the IT declara on page and
in Form 12BB.
Note:
The "Date of Change" is mandatory when there is a change in loca on from a Metro to a Non-
Metro state, or vice versa.

 Others:
This includes Sec on 10 components such as Mobile & Internet, Helper Allowance, Professional
Development, Office A re, etc.
The “i” icon next to each sec on displays the qualified amount or limit for each bill or allowance.

Various components are available under Sec on 10 in the dropdown, as shown in the image below.
You can select the relevant components based on your salary breakup and input the corresponding
values. To remove a component, simply click the "Delete" bu on, as highlighted in the image below.
 Note:
While the dropdown may show the applicable components according to the Income Tax Act, only
the components included in your salary structure by your company are eligible for tax exemp on.

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 House Property
You can declare the interest paid on a housing loan for both self-occupied and let-out proper es.

Note: Please ensure you enter posi ve numbers in the respec ve sec ons. The total amount will be
automa cally calculated at the top with a nega ve sign, which is the expected behaviour. Please
make sure that not to enter a nega ve value manually.

 Exemp ons U/S 80C, 80CCC & 80CCD

You can add mul ple exemp ons under Sec ons 80C, 80CCC, and 80CCD using the dropdown, like
Sec on 10. If a provident fund is applicable, will automa cally be included in the calcula ons.

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 80DD - Medical Expenditure for a Handicapped Rela ve
Under Sec on 80DD, you will find two op ons:
1.Medical Treatment/Insurance of Handicapped Dependent
2. Medical Treatment/Insurance of Handicapped Dependent (Severe)
You can select only one of the two op ons. The value will be auto-filled according to the guidelines
of the Income Tax Act and cannot be edited.

 80DDB - Medical Expenditure on Self or Dependent Rela ve for Trea ng Severe Diseases
Similar to Sec on 80DD, you will have two op ons to choose from, and you may select only one.
The amount entered can be edited, but it must not exceed the statutory limit specified in the
heading.

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 80U - Medical Expenditure on Self in Case of Physical Disability
In this sec on, you will find two op ons in the dropdown, and you may select only one. The values
will be auto populated and cannot be modified.

 80E - Interest Paid on Loan for Higher Educa on

This sec on is for declaring the interest paid on an educa on loan. You can enter the amount based
on the interest paid during the financial year, as per the interest document provided.

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 80EE - Addi onal Home Loan Interest Deduc on
You will find the "Addi onal Home Loan Interest Deduc on" op on under the type of mode. You
can enter the amount up to the limit specified in the heading.

An addi onal constraint has been introduced for tax deduc ons under Sec ons 80EE and 80EEA.
These sec ons will be blocked if two home loans are opted for.
Valida on will be performed to ensure that the Home Loan Interest deduc ons do not exceed the
cap limit of ₹200,000 under Sec on 24. If an employee declares an amount exceeding this limit, the
excess will be categorized as an addi onal Home Loan Interest Deduc on under Sec ons 80EE or
80EEA, subject to specific applicability criteria.
 Addi onal Exemp on under Na onal Pension Scheme (NPS) U/S 80CCD(1B)

You will find the op on "Addi onal Investment under Na onal Pension Scheme" under the type of
mode. You can enter the amount up to the limit specified in the heading.

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 80EEA - Addi onal Home Loan Interest Deduc on
You will find the op on "Addi onal Home Loan Interest Deduc on" under the type of mode. You
can enter the amount up to the limit specified in the heading.

 Note:
The benefits of Sec on 80EEA apply to home loans sanc oned between 1 April 2019 and 31 March
2022. Borrowers whose loans were approved during this period can claim the tax deduc on under
this sec on for the en re loan repayment tenure. Housing loans sanc oned from 1 April 2022
onward are not eligible for the Sec on 80EEA deduc on, as the benefits under this sec on ended
on 31 March 2022.

 80EEB - Deduc on in Respect of Purchase of Electric Vehicle

You will find the op on "Deduc on in Respect of Purchase of Electric Vehicle" under the type of
mode. You can enter the amount up to the limit specified in the heading.

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 80TT - Deduc on on Interest Income
You will find two op ons in the dropdown. You can select only one op on based on your age and
enter the applicable amount. The "i" icon will display eligibility informa on and the applicable
limits.

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

The interest values declared for savings accounts will automa cally flow to Sec on 80TTA or Sec on
80TTB, provided the tenant-level se ng is enabled by Darwinbox Support.
For non-senior ci zens, the amount will be directed to Sec on 80TTA if it meets the minimum
threshold of ₹10,000 or the declared value, whichever is higher.
For senior ci zens, the amount will be directed to Sec on 80TTB if it meets the minimum threshold
of ₹50,000 or the declared value, whichever is higher.

 Mediclaim (U/S 80D)

You will see four op ons for medical insurance exemp ons, with eligibility for two op ons based on
whether you are a senior ci zen. Please enter the amounts in the appropriate sec ons according to
your eligibility.

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 Dona ons (U/S 80G)
Under this sec on, you will have op ons for various types of dona ons, each corresponding to
different sub-sec ons, as shown in the image below. You can select the applicable type of dona on
and enter the donor's PAN, name, address, and the dona on amount.
The following new sec ons are added under the 80G declara on.

o Dona ons towards Private en es 100% exemp on Un-Restricted

o Dona on towards Private en es 50% exemp on Un-Restricted

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 80GGC - Dona ons to Poli cal Par es
The 80GGC sec on includes Dona ons towards poli cal par es with 100% exemp on.

 Others

In this sec on, you can declare income from other sources such as interest on savings accounts,
interest received from NSC, any other income, and PF interest exceeding ₹2.5 lakh.

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Form 12B

Please note that a new joiner is required to mandatorily submit their Form 12B a achment under
the Form 12B tab.

Note for New Joiners:

If you are a fresher or joined Darwinbox before 1st April 2024, you can select the op on "Is
Fresher/Not Exited in Current FY" to avoid submi ng Form 12B.

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