G UIDELINES FOR INCOME TAX PROOFS SUBMISSION FOR

F INANCIAL YEAR 2023-24

General Guidelines
Important Notes:
* Please upload all the relevant Tax proofs in one of the following formats in the respective sections: pdf, doc,
docs, zip. Jpg, Maximum file size is 10 MB per attachment.

* All documents should be attached/uploaded with unprotected password documents, if password protected
documents, please share password in employee comment, if no passwords than proofs will get rejected and no
option for reopen and resubmit

*. Kindly ensure that all supporting documents are uploaded are clearly visible. Documents should not be neither
tampered digitally nor should not be manipulated in any way those suspect documents will be get rejected.

*. the relevant forms to be submitted and those forms/ formats are available in the below guidelines (Like Rent
Receipts, Form 10IA, Declaration for not holding any other house property etc.)

*. Save your drafts regularly until the final submission. After the form is submitted, you cannot revise the data.
Please verify the data thoroughly before clicking the Final Submission button.

* After all the supporting documents are uploaded, click “Generate Form 12BB” in the portal. Print the generated
form, Sign and upload Signed copy before submitting the page (e-sign through PDF also accepted).
- As per Notification No. 30/2016 dated 29th April 2016, it is required to submit evidence / particulars of
tax savings (Investment proofs) to your employer using Form 12BB (your signature is mandatory in Form
12BB).

 NSC Accrued interest will show as income and as deduction under Section 80 C.

 Proposal Deposit receipts will not be accepted in case of insurance/pension/Mediclaim policies.

 80GG will be considered only when HRA is not part of Salary Structure and not claimed HRA by anyway.

*. Please ensure that you must submit the Tax proofs before cut-off date to avoid the excess tax deduction.

Employees need to submit the future due date payments details in future declaration sheet for getting
exemptions for Tax, employees need to submit the last year paid challans for those exemptions (Like - HRA, LIC,
where due dates are follows in Q4 or post cut off dates.)

No proofs need to submit for deduction through salary like (PF, VPF, Medical Insurance, NPS)

*. Please verify your proofs status of approval/rejection details post confirmation for completion of the
verifications/validations in proof submission section, which is considered for Tax calculations, all rejected proofs
you may require to resubmit the properly details with in the resubmission timelines.

Income tax Rates – OLD and New Tax regime FY2023-24

Old Tax Regime New Tax Regime u/s 115BAC
Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate
Up to ₹ 2,50,000 Nil Up to ₹ 3,00,000 Nil
₹ 2,50,001 - ₹ 5,00,000 5% above ₹ 2,50,000 ₹ 3,00,001 - ₹ 6,00,000 5% above ₹ 3,00,000
₹ 5,00,001 - ₹ 10,00,000 ₹ 12,500 + 20% above ₹ 5,00,000 ₹ 6,00,001 - ₹ 9,00,000 ₹ 15,000 + 10% above ₹ 6,00,000
Above ₹ 10,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 ₹ 9,00,001 - ₹ 12,00,000 ₹ 45,000 + 15% above ₹ 9,00,000
₹ 12,00,001 - ₹ 15,00,000 ₹ 90,000 + 20% above ₹ 12,00,000
Above ₹ 15,00,000 ₹ 1,50,000 + 30% above ₹15,00,000

Old Tax regime: Net taxable income less than or equal to Rs 5 lakh will be eligible for tax rebate u/s 87A i.e. tax liability will be NIL in both
New Tax regime: rebate under new regime has been increased and therefore, income upto Rs 7 lakh will be tax-free from FY 2023-24
 Surcharge is an additional charge levied for persons earning Income above the specified limits, it is charged on the amount of income
tax calculated as per applicable rates
10% - Taxable Income above ₹ 50 lakh – up to ₹ 1 crore
15% - Taxable Income above ₹ 1 crore - up to ₹ 2 crore
25% - Taxable Income above ₹ 2 crore - up to ₹ 5 crore
37% - Taxable Income above ₹ 5 crore (For New Tax Regime 37% slab not applicable, above 2 crores flat 25% slab)

Marginal Relief
Marginal relief is a Relief from Surcharge, provided in cases where the Surcharge payable exceeds the additional income that
makes the person liable for Surcharge. The amount payable as Surcharge shall not exceed the amount of income earned
exceeding ₹ 50 lakh, ₹ 1 crore, ₹ 2 crore or ₹ 5 crore respectively

Health and Education cess

Health & Education cess @ 4% shall also be paid on the amount of income tax plus Surcharge (if any)

Checklist made available provides list of payments that can be made in the name of Self, family members/dependents to
claim tax benefits

CHECKLIST
The below Checklist provides list of Payments that can be made in the name of Family Members/dependents to claim
tax benefits
Depende Depende
Sl. No. Particulars Self Spouse Children Parents nt Brothers nt Sisters

1 Rent Receipt Yes X x x x x

2 Interest on housing loan Yes X x x x x
3 Previous Employer Income Yes X x x x x
4 Medical Insurance Premium - (Section 80D) Yes Yes Yes Yes x x
5 Medical Treatment/Contribution to fund for x Yes Yes Yes Yes Yes
maintenance of handicapped
dependent (Section 80DD)
6 Medical treatment in case of specified ailments or Yes Yes Yes Yes Yes Yes
disease (Section 80DDB)
7 Deduction in respect of Payment of Interest taken for higher Yes Yes Yes x x x
education
(Section 80E)
8 Additional Exemption towards Interest on Housing Yes X x x x x
Loan
9 Deduction in respect of totally blind or physically Yes X x x x x
handicapped employee -
(Section 80U)
10 Contribution to Pension Schemes Yes X x x x x
11 Insurance Premium Yes Yes Yes x x x
12 PPF Yes Yes Yes x x x
13 NSC Yes X x x x x
14 Accrued Interest on NSC Yes X x x x x
15 ULIP Yes Yes Yes x x x
16 Senior Citizens Savings Scheme Yes X x x x x
17 Investment in Mutual Funds (ESS, SIP, MEP) Yes X x x x x
18 Investment in Infrastructure /tax saving bonds Yes X x x x x
19 Principal Loan Repayment for Housing Loan Yes X x x x x
20 Tax Saver Fixed Deposits Yes X x x x x
21 Children Education Expenses X X Yes x x x
22 Sukanya Samriddhi Scheme x X Yes x x x
23 NPS (National Pension Scheme) Yes X x x x x
24 Sukanya Samriddhi Scheme x X Yes x x x
25 Section (80CCD) (1A )Employees Contribution Yes X x x x x
towards NPS (80CCD)
26 Section (80CCD) (1B ) Additional Employees Yes X x x x x
contribution towards NPS
(80CCD)
27 Section 80CCD(2) (employer’s contribution towards Yes X x x x x
NPS
28 Interest on deposits in Saving bank accounts (80TTA) Yes X x x x x
29 Deduction in respect of Interest income (80TTB) for Yes X x x x x
Senior Citizen
Note: If opted for New Tax Regime only below are applicable and rest of the details mentioned above are not applicable. Copy of certificates
must be in Employee's Name.
Previous Employer Income

2. Section 80CCD(2) (employer’s contribution towards NPS

Section 10 Exemptions:
Guidelines as per income tax act and Exemption Criteria as per income
Exemptions Proofs to be submitted
rules tax act and rules
 Sec 10(13A) 1. Original rent receipts for all 1. Rental Agreement to be submitted if Exemption Criteria
House Rent the months. the annual Rent exceeds 1,00,000/- 1. Actual HRA earned for the
Allowance: 2. Monthly and Quarterly rent 2. Rent receipt should contain the year.
receipts will only be details like Tenant and landlord name, 2. Actual Rent paid minus 10% of
considered. date of payment, month, address of earned Basic
3. PAN of Landlord if rent rented house, signature of landlord. 3. 40% of Basic or 50% of Basic in
amount exceeds Rs 100000/- 3. Monthly and Quarterly rent receipts case of Metro cities, (Current
in a current financial year. will only be considered. Metro Cities
4. No need to produce Rent Receipts -Delhi/Mumbai/Kolkata/Chen
having rental expenditure up to Rs nai)
3,000/- per month. However, in the
regular assessment, the Assessing Least of the above is Exempt
Officer will be free to make such for Tax
enquiry as he fits for the purpose of
satisfying himself that the employee
has incurred actual expenditure on
payment of rent.
5. Landlord PAN is mandatory if annual
rental amount exceeds Rs 100000/-.
6. HRA Benefit and Interest on Self
Occupied House Property cannot be
claim if both are in same city,
provided if possession of the property
is in current financial year, then he
can claim HRA up to the date of
possession. In this case you must
submit the declaration for claiming
Both HRA & Housing Loan Interest.

Chapter VIA Deductions:

Deductions Criteria as per income
Deductions Proofs to be submitted Guidelines as per income tax act and rules
tax act and rules
80D 1. Photocopy of premium paid 1. Receipts should be of current financial Deduction Criteria
Medical receipt issued by the year only. 1. Self/Spouse/Children: Rs
Insurance Insurance Company. 2. Policy should be in the name of 25000/- (if payment made by
2. (Only Policy Premium paid individual, spouse, children. employee)
by employee is allowed.) 3. The payment of previously mentioned 2. Parents (Non-Senior Citizen):
3. Section 80D should be premium required to be paid by any - Rs 25000/-
mentioned on the policy mode other than cash. 3. Parents (Senior Citizen): Rs
document. 4. Rs 25000/- is allow as deduction in 50000/-.
4. If the policy is due after the case of self/spouse and children. 4. Self (senior citizen) & family +
proof submission cut-off 5. Includes any payment made on Parents (senior citizens)
date, then previous year’s account of preventive health check-up 50,000 + 50,000 = 1,00,000
receipts along with of the assessed or his family or parents 5. Actual Premium Receipt or
declaration to be submitted. up to Rs.5000/- in cash or any mode Above Limits whichever is
(applicable for only Mediclaim policy less is the deduction
holder) For more details attached
6. Additional benefit of Rs 25000/- in 80D IT document for your
case parents is covered. And Rs ref.
50000/- in case parents covered is
senior citizen.

(Maximum limit is Rs: 75000/-

1) A copy of the certificate 1. Where condition of disability requires Deduction Criteria
80DD issued by the medical reassessment then fresh certificate to 1. Handicapped Dependent with
authority in the prescribed be obtained after its expiry to continue disability (less than 40 %.) –
Handicapp form as per Rule 11A (2) of claiming the deduction then Nil exemption
ed the Rules. 2. Handicapped Dependent with
Dependent 2. Dependent means Spouse, Children, disability (more than 40% but
s: a. Expenditure incurred Parents, brothers, and sisters of the less than 80%) – then 75000/-
towards medical treatment, individual. exemption.
training, and rehabilitation For more details attached 80DD IT 3. Handicapped Dependent with
of a handicapped document for your ref. Severe disability (more than
dependent., or 80%) – then 125000/-
 b. Amount paid or deposited exemption.
under any scheme framed in
this behalf by the LIC or UTI
or any other insurer and
approved by the Board for
the maintenance of the
handicapped dependent
c. Form 10-IA.

1) A prescription/certificate 1. Medical treatment of self/dependent Deduction Criteria

80DDB from a specialist as specified specified disease. 1. Amount of deduction is Rs.
Medical in the Rules containing the 2. Copy of necessary 40000/- or (amount actually
Treatment name and age the patient, prescription/certificate issued by the paid less amount received
of name of the disease/ailment Specialists and the bills/receipt stating from insurance company)
Specified along with the name, the actual expenditure made for the whichever is lower is eligible
Diseases: address, registration treatment of the specified disease or for deduction.
number & qualification of the certificate should include the 2. In case of Senior Citizen &
the specialist issuing the same. Dependent Sr. Citizen – then
certificate. 3. Eligible for Self, Spouse, Children & Rs. 100000/- or (amount
2) Bills/Receipt stating the Parents. actually paid less amount
actual expenditure made for 4. Amount of deduction is Rs. 40000/- or received from insurance
the treatment of the amount actually paid whichever is company) whichever is lower
specified disease or the lower. is eligible for deduction.
certificate should include 5. In case of Senior Citizen (Above 60yrs For more details attached
the same of age) & Dependent Sr. Citizen – then 80DDB IT document for your
3) In case of Very Senior Rs. 100000/- or actual Expenditure ref.
Citizen, Valid Age proof is incurred whichever is lower. Is eligible
required for exemption.
6. In case of Very Senior Citizen (Above
80yrs of age) & Dependent Very Sr.
Citizen – then Rs. 100000/- or actual
Expenditure incurred whichever is
lower. Is eligible for exemption.
7. Bills should be of the current financial
year only.
A copy of the certificate 1. Where condition of disability requires Deduction Criteria
80U issued by the medical reassessment then fresh certificate to 1. Physically Handicapped with
Physically authority in the prescribed be obtained after its expiry to continue disability (less than 40 %.) –
Handicap form as per Rule 11A (2) of claiming the deduction. Then Nil exemption.
Self: the Rules. For more details attached 80U IT 2. Physically Handicapped with
Any Individual suffering document for your ref. disability (more than 40% but
from a permanent physical less than 80%) – then 75000/-
disability (including exemption.
blindness) or is subject to 3. Physically Handicapped with
mental retardation, on the Severe disability (more than
production of medical 80%) – then 125000/-
certificate from Government exempt.
Hospital in the prescribed
form and manner, along
with a Return of Income,
will be eligible a deduction
of Rs.75000/-. If the
assessee is a person with
severe disability, a
deduction of Rs.125,000/-
can be claimed for
exemption.

80E 1. Letter / certificate from the 1. Interest paid on Loan taken for Higher Deduction Criteria
Education Bank / Financial Institution Education such as Engineering, 1. No capping of maximum limit
Loan Interest specifying the following: Medical etc. are allowed. – Actual interest paid by the
Benefit 2. “Higher Education” means full-time employee in current Financial
studies for any graduate or post- Year is allowed as deduction.
  Said loan is an Educational graduate course in engineering, For more details attached
Loan. medicine, management or for post- 80E IT document for your ref.
graduate course in applied sciences or
 Amount of interest paid on
pure sciences including mathematics
the loan in the current year.
and statistics.
 Loan should be on the name
3. This is applicable for education loan,
of employee.
for education of self, spouse, and
children.
4. Loans availed only from Financial
Institution / Bank is eligible (within
India).
5. Only the interest component paid
during the year will be eligible for
deduction, hence the certificate
submitted must clearly state the
interest component for the year.
6. The interest Certificate should be for
the current financial year.
7. The deduction shall be allowed in
computing the total income for the
Financial Year in which the employee
starts repaying the interest on the loan
was taken and immediately succeeding
seven financial years or until the
financial year the interest is paid in full
by the taxpayer, whichever is earlier.
Sec 80TTA 1. Photocopy of the Interest 1. Section 80TTA has been introduced Deduction Criteria
Deduction in
Certificate from the Bank. from the financial year 2012-13.
respect of 1. Actual interest received on
Interest on 2. Interest on saving account is allow as saving account or Rs 10000/-
deposits in deduction maximum up to Rs 10000/-. whichever is less.
saving 3. Interest on saving account is fully For more details attached
accounts: taxable and considered as additional 80TTA IT document for your
income. ref.
4. Interest received during current
financial year is only allowed.

Sec 80TTB 1. Photocopy of the Interest 1. Section 80TTB has been introduced Deduction Criteria
Deduction in
Certificate from the Bank from the financial year 2018-19.
respect of 2. Actual interest received on
(Above age of 60 years)
Interest on saving account or Rs 50000/-
deposits in 2. Interest on saving account is allow whichever is less.
saving as deduction maximum up to Rs
accounts 50000/-.
3. Interest on saving account is fully
taxable and considered as additional
income.
Interest received during current
financial year is only allowed

1. Photocopy of paid receipt 1. Policy from any company approved by Deduction Criteria
Sec 80CCD(1B) issued by the Insurance IRDA. 1. Maximum Deduction
– National Company. 2. Late payment fees and other charges capped is Rs.50, 000 for Sec
Pension 2.Section 80CCD(1B) should will not be considered as premium 80CCD (1B).
Scheme be mentioned on the paid. 3. If invested amount more than
pension policy document 3. Photocopy of paid receipt should be of Rs. 50,000 then additional
the current financial year only. amount will be get exempted
under sec 80C up to 1.5 L.
4. Photocopy should contain the Name,
 Date and Premium amount and For more details attached
Receipt number. 80CCD IT document for your
ref.
5. Policy should be in the name of
individual, spouse, & children.
New Proposal Deposit
/Acknowledgement slips will not be
considered.

Sec 80EEB 1. Photocopy of the Interest 1. Interest on loan for purchase of Electric Deduction Criteria
(Purchase of
Certificate from the Bank. Vehicle (80EEB).
Electrical The deduction under sub-
Vehicle) 2. Self-Declaration regarding 2. The loan has been sanctioned by the section (1) shall not exceed
the Vehicle Loan with RC financial institution during the period one lakh and fifty thousand
Book attachment to be 1st day of April 2020 and ending on rupees from 1st April 2020
submitted. the 31st day of March 2023. and subsequent Years
3. Loan should be on 3. the assessee does not own any other
Employee Name electric vehicle on the date of sanction
of loan.
4. Loan Sanction Letter
4. Benefit will be provided only to Pure
Electric Vehicle. Hybrid vehicles will
not be considered.
5. Electric vehicle” means a vehicle which
is powered exclusively by an electric
motor whose traction energy is
supplied exclusively by traction battery
installed in the vehicle and has such
electric regenerative braking system,
which during braking provides for the
conversion of vehicle kinetic energy
into electrical energy
6. Financial institution means a banking
company to which the Banking
Regulation Act 1949

Loss from House Property

Deductions Criteria as per income
Exemptions Proofs to be submitted Guidelines as per income tax act and rules
tax act and rules

Loss on House 1. Photocopy of Provisional 1. An Assessee can avail a deduction on Deduction Criteria
Property certificate from the Housing repayment of Interest on borrowed 1. Self-Occupied: Maximum
Finance Company / Bank. capital for construction, acquisition of deduction limit is Rs
2. Photocopy of possession a house property. 200,000/- for total interest of
certificate from the builder if 2. Interest paid in the current financial Self Occupied & Let out
possession certificate not year is eligible for deduction. Property.
available please sumbit 3. Document should contain the breakup
Electricity bill / Municipal tax of interest and principal component 2. 1.1 New Section 80EE –
paid receipt (any one separately, Name of the borrower, Available for first loan buyer
document) is mandatorily date, Loan account number and where home loan is
required if property is property address. sanctioned in last financial
acquired during the current 4. The benefit of deduction is applicable year 2016-17 & Home Loan
financial year only after occupancy of the house and does not exceed 35 Lakh &
3. Self-declaration by the Pre-EMI interest (EMI paid before Property value does not
employee in case he/she is occupation of the house) is deductible exceed 50 Lakh, then
availing both HRA / Housing in 5 equal installments starting from additional Rs. 50,000/-
Interest benefit without the year when the construction is interest deduction benefit
property is being let out. completed, or property is acquired. can be claimed.
(Ref Point7&8 of guidelines) 5. Employee must submit possession
letter or municipal tax receipt or 5. New Section 80EEA –
electricity bill to avail the interest Available for first loan buyer
4. In case of jointly availed benefit if the property is acquired where home loan is
property loan, the employee during current financial year. sanctioned in financial year
to declare only the amount 6. In case the Loan taken is on Joint 1st April 2022-31st March 23
 paid by him/her in the Name, a declaration relating to & the stamp duty value of
declaration with co- percentage-wise benefit to be claimed house property does not
borrower / co-owner’s for Income Tax purpose should be exceed forty-five lakh rupees,
signature. submitted, if no Joint declarations then additional Rs. 1,50,000/-
submitted then employees will get interest deduction benefit
default exemptions for equally can be claimed.
distributed amount
If you have joined the 7. In case of self-occupied property, 3. Let out Property:
company in the current employee cannot claim both HRA Maximum deduction limit is
financial year, then you exemption as well as Interest on house Rs 200,000/- for total interest
must submit Photocopy of property where the property is in the of Self Occupied & Let out
possession certificate from same city. Property, Interest. Gross
the builder / Electricity bill / 8. In case you are going to claim both the amount is mandatory for
Municipal tax paid benefits of HRA and Housing Loan and claiming Let out Property.
receipt/Previous year if both the properties are situated in
Form16 (any one document) the same place, then the benefit of Condition:
is mandatorily required to HRA would be passed on only till the
avail the Interest benefit date of possession of house property. Only one among the 2 (80EE
9. In case of more than one house & 80EEA) will be considered
Format for Self-certificate property, Interest benefit can be for Exemption only when Self
for procession declarations availed only for one property. Other Occupied or Let out Property
properties to be deemed as Let out has been declared. Else No
and the documents and details to be Exemption for 80EE & 80EEA.
entered under “Income from House
Property” section only.

Following documents are required for

claiming benefit under
80EEA:
1. Home loan sanction letter required
2. Stamp duty receipt required
3. Declaration required confirming this is
the First Home
4. Possession letter/Property tax receipt
5. Interest certificate from Bank
6. Joint Owner Home loan declaration

Income on 1. Original rent receipt 1. In case of Let out property, it is Deduction Criteria
House required mandatory to fill up the computation Maximum deduction limit is
Property/Let 2. Xerox copies of municipal of Loss / Income. Format attached for Rs 200,000/- for total interest
out property tax paid required. computing the net loss. Also submit of Self Occupied & Let out
3. Photocopy of Provisional the Municipal tax receipt & Rent Property, Interest. Gross
certificate from the Housing agreement along with Rent Receipt. rental amount is mandatory
Finance Company / Bank 2. Gross rental Value (Annual Rent for claiming Let out Property.
received) is mandatory

Section 80C deductions (Maximum Deduction capped up to Rs.1.5 Lacs)

Deductions Proofs to be submitted Guidelines as per income tax act and rules Deductions Criteria as per income
 tax act and rules

1. Photocopy of receipt issued 1. Policy from any company Deduction Criteria

by the Insurance Company. approved by IRDA. 1. Maximum Deduction capped
2. Late payment fees and other charges is Rs.1.5 Lacs for Sec 80C.
will not be considered as premium For more details attached
paid. 80CCC IT document for your
3. Photocopy of Receipt should be of the ref.
Sec 80CCC current financial year only.
Pension Plan: 4. Photocopy should contain the Name,
Date and Premium amount and
Receipt number.
5. Policy should be in the name of
individual, spouse, & children.
6. Proposal Deposit /Acknowledgement
slips will not be considered.
1. Provisional Certificate from 1. Provisional Certificate should be of Deduction Criteria
the Financial the current Financial Year. 1. Maximum Deduction capped
Institution/Bank. 2. Photocopy should contain the Name, is Rs.1.5 Lacs for Sec 80C.
2. Declaration from Co-owner Date, breakup of Interest and
Sec 80C
and Co borrowers in case Principal Amount, Loan account
Housing
property is in joint name and number, address of the property,
Principal
claiming the benefit. Loan amount.
3. Declaration from Co-owner and Co
borrowers in case property is in joint
name and claiming the benefit.
1. Photocopy of all premium 1. Life Insurance Premium must be the Deduction Criteria
receipts issued by the name of individual, spouse & children. 1. Maximum Deduction capped
Insurance Company. 2. Policy from any company approved by is Rs.1.5 Lacs for Sec 80C.
2. Photocopy of Premium IRDA.
Statement from the LIC 3. Late payment fees and other charges
3. If premium is due in the will not be considered as premium
future months within the paid.
current financial year, then 4. Photocopy of Receipt should be of the
Sec 80C Life submit the last year current financial year only.
Insurance premium paid receipt for the 5. Photocopy should contain the Name,
Premium same period and submit the Date and Premium amount and
same once received it. Receipt number.
6. Policy should be in the name of
individual, spouse, & children.
7. Proposal Deposit /Acknowledgement
slips will not be considered.
8. Policy of Parents is not allowed as
deduction.

1. Photocopy of Certificate or 1. Photocopy of Receipt should be of the Deduction Criteria

photocopy of the counterfoil current financial year only. 1. Maximum Deduction capped
given by the post office at 2. Photocopy should contain the Name, is Rs.1.5 Lacs for Sec 80C.
Sec 80C
the time of paying the Date and Premium amount and
National
amount. Receipt number.
Saving
3. NSC certificate should be in the name
Certificate
of individual only.
4. NSC certificate of family members and
Parents is not allowed as deduction.
Photocopy of all the NSC 1. NSC Accrued interest will show as Deduction Criteria
certificates for which income and as deduction under 1. Maximum Deduction capped
interest is being claimed. Section 80 C. is Rs.1.5 Lacs for Sec 80C.
Sec 80C
2. Photocopy should contain the Name,
Accrued
Date and Premium amount and
Interest on
Receipt number.
National
3. NSC certificate should be in the name
Saving
of individual only.
Certificate:
4. NSC certificate of family members
and Parents is not allowed as
deduction.
 1. Photocopy of the counterfoil 1. Public Provident fund can be in the Deduction Criteria
Sec 80C given by the bank at the name of individual, spouse & children. 1. Maximum Deduction capped
Public time of making payment. 2. Photocopy of Receipt should be of the is Rs.1.5 Lacs for Sec 80C.
Provident 2. Photocopy of Front Page current financial year only.
Fund: and Transaction page of the 3. Photocopy should contain the Name,
PPF Passbook. Date and Premium amount.
Sec 80C Photocopy of all premium 1. Late payment fees and other charges Deduction Criteria
Unit Linked receipts/ or Certificates or will not be considered as premium 1. Maximum Deduction capped is
Insurance Statement issued by the paid. Rs.1.5 Lacs for Sec 80C.
Plan Insurance Company. 2. Photocopy of Receipt should be of the
(ULIP ): current financial year only.
3. Photocopy should contain the Name,
Date and Premium amount and Receipt
number.
4. Policy can be in the name of individual,
spouse, & children and parents.
4. Proposal Deposit
/Acknowledgement slips should
have proper seal & signatures by the
Bank/ Asset Management Company
(AMC).
Sec 80C Photocopy of all premium 1. Photocopy of Receipt should be of the Deduction Criteria
Mutual receipts/ or Certificates or current financial year only. Maximum Deduction capped is
Fund Statement issued by the 2. Photocopy should contain the Name, Rs.1.5 Lacs for Sec 80C.
(Approved) Insurance Company. Date and Premium amount and Receipt
: number.
3. Policy should be in the name of
individual only.
4. Policy of family members and
Parents is not allowed as deduction.
5. Proposal Deposit /Acknowledgement
slips should have proper seal &
signatures by the Bank/ Asset
Management Company (AMC).
6. Notification of Tax-free Fund / 80C
should be mentioned on the document.
Sec 80C 1. Photocopy of the receipts 1. Tuition Fees, whether at the time of Deduction Criteria
Children’s issued by the school, college, admission or thereafter, paid to any Maximum Deduction capped is
Tuition university, or educational university, college, school, or other Rs.1.5 Lacs for Sec 80C.
Fee: institution. educational institution situated in
India, for the purpose of full-time
education of any two children of the
employee.
2. Full time education includes any
educational course offered by any
university, college, school, or other
educational institution to a student
who is enrolled full time for the said
course. It is also clarified that full time
education includes play – school
activities, Pre-Nursery, and nursery
classes.
3. It is clarified that the amount allowable
as tuition fees shall include any
payment of fees to any university,
school, college, or other educational
institution in India except the amount
representing payment in the nature of
development fees or donation or
capitation fees or payment of similar
nature.
4. Photocopy of Receipt should be of the
current financial year only.
5. Photocopy should contain the Name,
Date and Premium amount and Receipt
number.
6. Maximum up to two children’s tuition
fee is allowed as deduction.
7. Only Tuition Fees & Term Fees, Exam
Fees, Education Fees can be considered.
5.
Sec 80C 2. Photocopy of Certificate or 1. Photocopy of Receipt should be of the Deduction Criteria
National photocopy of the counterfoil current financial year only. Maximum Deduction capped is
Saving given by the post office at the 2. Photocopy should contain the Name, Rs.1.5 Lacs for Sec 80C.
Schemes/K time of paying the amount. Date and Premium amount and Receipt
VP: number.
3. NSS can be in the name of individual,
spouse, & children and parents.

6.
Sec 80C 3. Photocopy of Receipt or 1. Photocopy of Receipt should be of the Deduction Criteria
Tax Saving Certificate or photocopy of current financial year only. Maximum Deduction capped is
Shares/Bo the counterfoil given if bond 2. Photocopy should contain the Name, Rs.1.5 Lacs for Sec 80C.
nd: is not issue. Date and Premium amount and Receipt
number.
3. Shares/Bonds should be in the name of
individual only.
7. Shares/Bonds in the name of family
members and Parents are not allowed
as deduction.
Sec 80C 4. Photocopy of Receipt or 1. Photocopy of Receipt should be of the Deduction Criteria
Fixed Certificate or photocopy of current financial year only. 1. Maximum Deduction capped is
Deposit in the counterfoil given by the 2. Photocopy should contain the Name, Rs.1.5 Lacs for Sec 80C.
Banks / scheduled banks or Post Date and Premium amount and Receipt
Post Office: Office. number.
3. Fixed Deposit should be in the name of
individual only.
4. Fixed Deposit of family members and
Parents is not allowed as deduction.
5. Term deposits for a minimum period of
5 years with a scheduled bank/Post
office are eligible in accordance with
the scheme framed and notified by the
Central Government for deduction.
6. Receipt should contain specific clause
of IT deduction u/s 80 C. (For the
period not less than 5 yrs.)
8.
Sec 80C 5. Photocopy of Index II & 1. Stamp Duty & Registration fees paid at Deduction Criteria
Registratio Registration Certificate the time of purchases of new house Maximum Deduction capped is
n/Stamp required. property. Rs.1.5 Lacs for Sec 80C.
Duty: 2. Stamp Duty and Registration should be
of the current Financial Year.
3. Photocopy should contain the Name,
Date, Amount, address of the property,
Loan amount.
9. Declaration from Co-owner and Co
borrowers in case property is in joint
name and claiming the benefit.
Sec 80C 6. Photocopy of Front Page and 1. Any investment as five-year time Deduction Criteria
Post Office Transaction page of the deposit in an account under the Post Maximum Deduction capped is
Time Passbook. Office Time Deposit Rule 1981. Rs.1.5 Lacs for Sec 80C.
Deposit: 2. Post Office Time Deposit should be in
the name of individual only.
3. Photocopy of Receipt should be of the
current financial year only.
10. Photocopy should contain the Name,
Date and Premium amount.
Sec 80C 1. Photocopy of Receipt or 1. Any investment in an account under the Deduction Criteria
Senior Certificate Senior Citizen Saving Scheme Rule 1. Maximum Deduction capped is
Citizen 7. 2004. Rs.1.5 Lacs for Sec 80C.
Saving 2. Senior Citizen Saving Scheme should be
Scheme: in the name of individual only.
3. Photocopy of Receipt should be of the
current financial year only.
11. Photocopy should contain the Name,
Date and Premium amount.
 Sec 80C 8. 1. Photocopy of Receipt or 1. Photocopy of Receipt should be of Deduction Criteria
Sukanya Certificate the current financial year only. 1. Maximum Deduction capped
Samriddhi 2. Photocopy should contain the Name, is Rs.1.5 Lacs for Sec 80C.
Scheme: Date and Premium amount.
3. The account can be opened by
Natural or legal guardian of girl child.
4. The age of the girl at the time of
opening of account should not be more
than 10 years.
12.

Previous Employment Income and Tax

Deductions Proofs to be submitted Guidelines as per income tax act and rules Deductions Criteria as per income
tax act and rules

Previous 1. Previous employer Form 16 1. Previous Employer income includes– Attach Previous employer full
Employment 2. Previous employer tax  Gross salary before Profession Tax and final tax calculation sheet
Income and computation (F&F)  Previous Employer Profession Tax along with this form.
Tax: 3. Duly filled Form 12B signed  Previous Employer 80C
from the employee investment
 Previous Employer Income Tax
 Previous Employer 80 D


Treatment of Previous Employment Income

Employee who has joined in current financial year has to submit Form 16, or a signed / sealed tax computation sheet, from the
previous employer along with a declaration in Form 12B.
Previous employment income, as per supporting, will be accounted for computing the tax liability for the year. While generating the
Form16, there are 2 options we can remove the previous employment details. Or we can show the same in the Form 16. However,
there will be 2 separate Part A for each employer. Part B of Form 16 can be shown as clubbed income of both employers by the
current employer.

Form 12BB
This form can be generated after feeding investments on web portal under Actual Investment tab. The following guidelines are
described by the IT Act for furnishing of evidence of claims by employee for deduction of tax under section 192:
1. The assessee shall furnish to the person responsible for making payment under sub-section (1) of section 192, the evidence
or the particulars of the claims referred to in sub-rule (2), in Form No.12BB for the purpose of estimating his income or
computing the tax deduction at source.
2. Following information need to be filled up in form 12BB
a. House Rent Allowance (Name, Address and PAN of the landlord/landlords where the aggregate rent paid during the
current year exceeds rupees one lakh.
b. Deduction of interest under the head “income from house property” (Name, Address and PAN of the lender)