How-to Year-End Process of Investment Declaration

Hi Client Name,

Please find the write up along with the process below:

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Hi Employee Name : 

As we are going to start the process of document verification for the financial year 2023-2024. You have to start uploading your documents and update your investments as per the actual investment you have done in this financial year. 

To facilitate a smooth and efficient process, we kindly request you to undertake the following steps:

Document Upload: Please begin by uploading the necessary documents that validate your investments made during the financial year. Ensure that all relevant proofs are clear and legible for accurate verification.

Investment Updates: Take a moment to review and update your investments to reflect the actual transactions carried out in the current fiscal year. Accuracy in this information is crucial for compliance and record-keeping purposes.

Deadline for Submission: The deadline for document submission and investment updates is 15th Dec, 2023. We encourage you to complete this process within the stipulated time frame to avoid any inconvenience.


Submission Portal: Utilize the https://nhit.in.hrstop.com/Compensation/InvestmentDeclaration to securely upload your documents and update your investment details. The portal is designed to safeguard your information and streamline the verification process.

Refer to the following steps to declare or update your investment  in the portal:  
                

  1. Navigate to Main Panel -> Compensation -> Investment declaration
  2. The newly opened page shows different fields to add investments
  3. Fill in the details and click on Save option. Once the Save option is selected the details filled in gets saved and changes can be made as and when required. This allows you to save the investment as a draft so that you can come back and resume the work
  4. Now click on Submit option, this will submit the form. It sends your investment declaration to the finance team. Once submitted, the values cannot be changed

    All the changes will be made instantly. You can also download the investment declaration for the selected financial year.

    Refer to the following steps to upload proofs:
    1. Down scroll the page to come to the section of Upload Documents, enter the Title, Description, Amount
    2. Choose the option under which the investment is declared, choose the file to be uploaded as proof of the declared investments, click on Upload button
      The entry will be listed in a tabular form holding the status of Submitted, you can download and delete the entry by the help of icons given under Actions columnNote:
      1. 200000 is the standard deduction in housing loan repayment interest but the maximum limit is 250000 in some special cases.
      2. Once an employee declares an investment, he/ she cannot edit/ update it

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