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ITDF Process 2023-2024

The document informs associates that the income tax declaration tab is now active in the TeamLease Connect portal and associates must update their income tax declarations for 2023-2024 by May 13th, 2023. It notes that the default tax regime for the 2023-2024 financial year has changed to the new tax regime, but associates can opt for the old tax regime through the portal. Step-by-step instructions are provided on accessing the income tax declaration tab and updating income tax information.

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Sujeet Kumar
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124 views5 pages

ITDF Process 2023-2024

The document informs associates that the income tax declaration tab is now active in the TeamLease Connect portal and associates must update their income tax declarations for 2023-2024 by May 13th, 2023. It notes that the default tax regime for the 2023-2024 financial year has changed to the new tax regime, but associates can opt for the old tax regime through the portal. Step-by-step instructions are provided on accessing the income tax declaration tab and updating income tax information.

Uploaded by

Sujeet Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Dear Associate,

Greetings from TeamLease!

Pl note that Income Tax declaration tab is now active in TeamLease Connect portal and please update
your IT Declarations for 2023-2024 by or before 13th May 2023.

Post 13th May 2023 (after initial declaration), if you wish to change your declaration amount pl do the
changes by or before 8th of the month, so that the same can be considered in subsequent payroll
month.

Portal is self-explanatory. However, attaching the procedure for your quick reference.

Most Important Note:


As per the budgetary changes for FY 2023-24, in Income Tax Act,
the default Tax Regime has been changed to NEW Tax Regime. In
case, you wish to opt for OLD Tax Regime, kindly change it through
portal. Also declare/Submit Investments prior to closure of the
Income Tax Declaration Tab for the month.

In case you not selected any tax regime NEW TAX REGIME is
default tax regime for this financial year 2023-2024.

Steps to follow as below:

 Login to TL Connect Portal


 Click on Payroll and then on investment declaration
 Start updating your declarations for FY 2023-2024

NOTE:

 Null symbol will appear when the component is not applicable.


 In case your PAN number is NOT updated, ITDF will not be considered, please upload the
same through the portal /app.
 Any queries pl write to digital@teamlease.com .
 If you have claimed LTA twice in last 2-3 years then you will not be entitled for the same.

Please do not share any hard or soft copy of Income tax declaration (ITDF) as the same will not be
considered.
Login to TLConnect portal below is the link.

https://tlconnect.teamlease.com/SecureLogin

Login ID : will be registered email ID

Password: will be generated to your email id once you click on forgot password

Home page

Home page of the portal will be displayed.


Click on payroll icon and then on income tax declaration tab

Now the page is open to declare your investments for the financial year

PAN is mandatory and without PAN you cannot update any declarations on the portal. So please
update your PAN before starting to update declarations.

Now you can see two tax regimes (Income Tax Slab)

Old and new systems: Once you select any one of two regimes (old or new), you can view total
taxable income and total annual tax amount in both scheme.
Once you select OLD Scheme you can able to access update declaration part in portal and you can
start update declaration and Save As Draft after that you can check again in total taxable income &
total annual tax amount in Old scheme.

Null Sign will be shown for all the components which is not applicable (NA) therefore would request
you to update which is available and the maximum limit.

After that you can select NEW Scheme, once you select NEW scheme you can’t able to get access
update declaration part in portal because NEW scheme declaration not eligible for tax deduction.
There after you can select Save As Draft and check total taxable income and total annual tax amount
under New scheme.

Now you can compare which scheme (Old or New) tax amount is low and select that one for current
year tax calculation and please select Submit/Declare butane, once you select scheme old or new
after that you can’t change this financial year tax scheme at any cost.

Note : Taxable income appearing in portal based on your gross annual salary income
without your incentive/other income (like bonus etc.,) so tax amount will be changed
after paid your incentive/other income on particular month based on your
incentive/other income.

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