Entering your salary and business income tax details in Iris 2.0 is crucial for accurate tax reporting and compliance. Follow this step-by-step guide to ensure your income details are correctly inputted into the system:
### **Step 1: Log In to Your Iris 2.0 Account**
Start by logging into your Iris 2.0 account using your credentials. Make sure you have completed the initial registration and verification steps before proceeding.
### **Step 2: Navigate to the Tax Filing Section**
Once logged in, locate the section for tax filing. This is usually found in the main dashboard or under a dedicated “Tax Filing” or “Income Tax” tab.
### **Step 3: Select the Relevant Tax Year**
Choose the tax year for which you are entering the income details. This ensures that the data you input corresponds to the correct fiscal year.
### **Step 4: Enter Salary Income Details**
1. **Go to the Salary Section**: Look for the “Salary Income” section within the tax filing interface.
2. **Input Salary Information**: Enter your salary details as provided in your salary slip or employment records. Include gross salary, allowances, and deductions as applicable.
3. **Upload Supporting Documents**: You may need to upload documents like your salary slip or Form 16. Follow the prompts to upload these files if required.
### **Step 5: Enter Business Income Details**
1. **Go to the Business Income Section**: Find the “Business Income” or “Self-Employment Income” section.
2. **Input Business Revenue**: Enter the total revenue generated from your business activities.
3. **Deduct Business Expenses**: Input any business-related expenses that are deductible. This will help calculate your taxable income.
4. **Provide Supporting Documents**: Upload any necessary documents, such as profit and loss statements or invoices, to support your business income details.
### **Step 6: Review and Validate Your Entries**
Double-check all entered information for accuracy. Ensure that all figures are correctly inputted and that you have attached all required documents.
### **Step 7: Save and Submit**
Once you are satisfied with your entries, save the information. Follow the prompts to submit your tax details. Some platforms may offer a review option before final submission, so take advantage of this to ensure everything is correct.
### **Step 8: Confirm Submission**
After submission, you should receive a confirmation message or reference number. Keep this for your records in case you need to refer back to it or if any issues arise.
### **Tips:**
- **Keep Records**: Maintain copies of all documents and details you enter for your records.
- **Consult a Professional**: If you have complex tax situations or need assistance, consider consulting a tax professional.
By following these steps, you can accurately enter your salary and business income tax details into Iris 2.0, ensuring a smooth tax filing process.