Investment Declarations

Your investment declaration tells your employer about your tax-saving investments and exemptions for the financial year, so your monthly TDS (Tax Deducted at Source) can be computed under Section 192. Declaring early means less tax is held each month instead of waiting for a refund at year-end.

This guide covers how to use the declaration page in the portal. For the deductions themselves - which sections exist, what qualifies, and the statutory limits - see Investment Declarations in the Tax & Compliance section.

Opening the Declaration

The Investment Declaration page is not in the sidebar. To reach it:

1. Click Documents in the sidebar.
2. On the My Documents page, open Onboarding Documents.
3. Under Acknowledgements, click Investment Declaration.

You can also open it by its direct link (at /my-investment-declaration). The page header reads Investment Declaration with the financial year beneath it (for example FY 2025-26). Inside the form, a banner reads "Declaration for FY 2025-26 (AY 2026-27)" and explains that the form declares investments and exemptions to your employer for TDS computation under Section 192. The assessment year (AY) is the financial year's start year plus one to plus two -- so FY 2025-26 maps to AY 2026-27.

note

The declaration also appears as the Investment Declaration step of the guided onboarding wizard (deep link ?step=investment-declaration). New hires submit it there while setting up their account. See Setting Up Your Account (Onboarding).

Choosing Your Tax Regime

At the top of the form, choose Old Regime or New Regime. New Regime is selected by default.

Regime	What it means
Old Regime	Allows deductions under 80C, 80D, HRA, and others. Better when your eligible deductions are large.
New Regime	Lower base rates with fewer deductions. Often simpler if you have few investments.

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When New Regime is selected, the deduction inputs are disabled (greyed out). The form shows a note: most deductions do not apply, and only the standard deduction, the 80CCD(2) employer contribution, and a few specific reliefs are allowed. Your declared figures are not deleted - they simply will not reduce your TDS while New Regime is active. Switch back to Old Regime to edit and use them.

Filling in the Form

The form is organized into collapsible sections (HRA, Section 80C, home loan interest, NPS, Section 80D health insurance, education loan, donations, and more). Enter the annual amount you expect for each item.

Some fields become required once you declare an amount. Missing any of these blocks Submit declaration:

• HRA - if you enter rent, you must also provide the landlord name and address. The Landlord PAN is required when your annual rent exceeds Rs 1,00,000.
• Home loan interest (Section 24) - if you enter interest above zero, the lender name, lender address, and lender PAN are all required. Lender PAN matters most for non-institutional lenders, such as a loan from an individual.
• Education loan (Section 80E) - if you enter an interest amount, the lender name is required.
• Donations (Section 80G) - each donation you add needs a donee name and an amount greater than zero.
• Each section shows its statutory cap. If you enter more than a cap allows, the form flags it and the amount is clamped (adjusted down) when you submit.

Section 80GG (rent paid when you receive no HRA) only appears in the form when you have not declared any HRA / monthly rent. As soon as you enter monthly rent under HRA, the 80GG field is hidden.

For the full list of sections and what each one covers, see Investment Declarations.

Saving a Draft vs Submitting

The form has two actions at the bottom:

• Save as draft - saves your progress without sending it for TDS computation. You can come back and keep editing. A "Draft saved successfully" message confirms the save.
• Submit declaration - sends the declaration to your employer for TDS computation. A confirmation dialog ("Submit investment declaration?") appears showing your total Chapter VI-A deductions. Click Confirm submit to finish, or Cancel to go back. A "Declaration submitted successfully" message confirms it.

You can still update your declaration after submitting, up until the verification deadline.

Statutory Cap Adjustments

If any amount you entered is above its statutory cap, after you save or submit the form shows an amber notice: "We adjusted N fields to comply with statutory caps," listing each field with the declared amount, the applied amount, and the reason. This is expected - the capped amount is what is used for your TDS.

Uploading Proof Documents

Each section that supports proof (for example rent agreement / rent receipts for HRA, 80C proofs, home-loan certificate, health-insurance receipts, NPS proofs) has its own Add file control.

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You must Save as draft at least once before you can attach proofs. Until the declaration is saved, each proof slot shows: "Save the declaration as a draft to attach proofs."

To upload a proof:

1. Save the declaration as a draft (if you have not already).
2. In the relevant section, click Add file and choose your document.
3. The file appears in that section with a status badge.

Proof rules:

• Accepted file types: PDF, JPEG, PNG, WebP.
• Maximum size: 10 MB per file. Larger files are rejected with a message.
• Status: each proof shows pending, approved, or rejected after your employer reviews it.
• You can delete a proof you uploaded - except once it is approved, which is locked ("Approved proofs cannot be deleted").
• Donation receipts need one extra step: a donation must be saved before its Donation receipt (80G) slot appears. Until you save, the donation shows "Save the declaration first to attach a receipt for this donation."

The summary card shows how many proofs you have uploaded against the number of fields where you declared an amount.

Status

The status badge at the top of the form reflects where your declaration stands:

Status	Meaning
Draft	You are still editing. Save as draft keeps your progress.
Submitted	You have submitted it for your employer's TDS computation.
Verified	Your employer has verified the declaration.

warning

Only declare investments you are confident you will actually make during the financial year. If your actual investments fall short, you may face higher TDS in the final months (January to March) to compensate, or a tax liability when you file your return.

When to Update Your Declaration

• Start of the financial year (April) - submit an initial declaration based on planned investments.
• Mid-year - update it if your plans change (for example you take a home loan or change health insurance).
• Year-end (January to February) - finalize it with actual amounts and upload your proofs before your employer's deadline.

For questions about investment declarations or TDS, contact contact@omnivoo.com.