Professional Documents
Culture Documents
Employee Name*
Employee ID
Rahul P Dhanak
PAN*
Gender*
Male/Female
No of Children
going to School*
Male
Email ID*
Date of Joining*
PAN of Landlord
To Date
1-Apr
1-May
30-Apr
31-May
1-Jun
30-Jun
1-Jul
1-Aug
31-Jul
31-Aug
1-Sep
1-Oct
30-Sep
31-Oct
1-Nov
30-Nov
1-Dec
1-Jan
31-Dec
31-Jan
1-Feb
1-Mar
28-Feb
31-Mar
LANDLORD PAN*
Value of Claim /
Invetsment (INR)
B.1
B.2
B.3
B.4
B.5
B.6
B.7
Medical Treatment Of Specified Diseases Only (U/S 80DDB) For Senior Citizen
Interest On Educational Loan (U/S 80E)
B.8
B.9
B.11
B.12
B.13
C.1
C.2
C.3
C.4
C.5
C.6
C.7
C.8
C.9
C.10
C.11
C.12
C.13
Infrastructure Bonds
-
D
D.1
Total amount of interest paid (post construction / possession) during the financial year
(April to March ) For all residential house properties.
D.2
Residence Status - Self - Occupied / Letout - Second and remaining all Houses
Please write "S" for if the property is Self Occupied and "L" if it is Let Out
200,000.00
Total amount of interest paid (post construction / possession) during the financial year
(April to March ) For all residential house properties.
E
E.1
F
F.1
Investments & Deductions Declaration for Income Tax for the Financial Year 2015-2016
Employee ID
Rahul P Dhanak
Employee Name*
PAN*
Gender*
Male/Female
No of Children
going to School*
Male
Email ID*
Date of Joining*
F.2
F.3
F.4
Declaration
1) I hereby declare that the information given above is correct and true in all respects.
2) I also undertake to indemnify the company for any loss / liability that may arise in the event of the above information being
incorrect.
3) I undertake to submit self attested photocopies of all the proofs of Invetsment / Deduction Claims for the year before 15-02-2016
4) I understand that sending the documents after due date of submission will result in Taxation of non submitted Amounts. I also
understand that in this case, I will have to take effect of these Investments and Deductions through my Individual Income Tax Return
and I undertake the responsibility for the same.
5) I understand that I will have to take effect of the new Investments and Deductions (non regular) after 15-02-2016 through through
my Individual Income Tax Return and I undertake the responsibilty for the same.
Date
________________
Place
________________
Signature of Employee_________________________
A
A.1
A.2
A.3
A.4
A.5
A.6
A.7
A.8
A.9
A.10
A.11
A.12
B.1
B.2
B.3
B.4
B.5
B.6
B.7
B.8
B.9
B.11
B.12
Royalty of a Patent (80RRB)
B.13
C
C.1
C.2
C.3
C.4
C.5
C.6
C.7
ULIP
C.8
C.9
C.10
C.11
C.12
C.13
D
D.1
D.2
E
E.1
F. PREVIOUS EMPLOYER INCOME DETAILS - FORM 16 or Signed tax computation sheet from the Previous Empl
F.1
F.2
F.3
F.4
Rent Agreement or Rent paid Receipt with revenue stamp attached and across
signature for Apr to March
PAN Scan copy of Landlord if amount of Rent is more than INR 180,000 per
annum.
Premium Paid Receipts or Premium Paid Consolidated Certificate from
Insurance Company
Premium Paid Receipts or Premium Paid Consolidated Certificate from
Insurance Company
Certificate from Government Hospital Doctor for Disability + Proof of Medical
Expenses
Certificate from Government Hospital Doctor for Disability + Proof of Medical
Expenses
Certificate from Government Hospital Doctor for Disability + Proof of Medical
Expenses
Certificate from Government Hospital Doctor for Disability + Proof of Medical
Expenses
Certificate from Bank/ Financial Institution
Certificate from Government Hospital Doctor for Disability
Certificate from Government Hospital Doctor for Disability
Interest Certificate from Bank
Contribution Paid Receipts / Contribution Summary from Company / Demat
Agent. Annual income is less than Rs. 10 lakhs can invest in this scheme (up to
Rs. 50,000)
Patent registered on or after 01.04.2003 under the Patents Act 1970. A
certificate in the prescribed form duly signed by the prescribed authority.
Sec 24
Section 80C
Section 80CCC
Section 80CCD
Section 80E
Section 80 TTA
Section 80CCG
Section 80D
Section 80DD
Section 80DDB
Section 80U
Section 80RRB
General Guidelines for Claiming Deductions from Income tax for Salaried Persons
Deduction - Interest on Housing Loan U/s 24
Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 200,000 or the actual interest re
whichever is lower. (You can claim this interest only when you are in possession of the house)
If you have property which is rented out, you can deduct the full interest paid on the home loan. The rent on the
property does become part of your income.
For two housing loans on two different properties - on your self occupied house you can take advantage of interes
payments up to Rs.2,00,000. For the other property, you can claim actual interest repaid, there is no limit for the
same.
Home loan borrowers are entitled to tax benefits under Section 80C and Section 24 of the Income Tax Act. These c
be claimed by the propertys owner.
In the case of co-owners, all are entitled to tax benefits provided they are co-borrowers for the home loan too. T
limit applies to each co-owner.
A co-owner, who is not a co-borrower, is not entitled to tax benefits. Similarly, a co-borrower, who is not a co-own
cannot claim benefits.
Housing companies usually require all co-owners to be joint borrowers to a home loan. Loan providers specify who
be a joint borrower for a home loan.
The tax benefit is shared by each joint owner in proportion to his share in the home loan. Its important to establ
the share for each co-borrower to claim tax benefits.
The certificate issued by the housing loan company, showing the split between principal and interest for the EMIs
is required for claiming tax benefits.
If you have rented your own house and living in rented place, you can avail tax benefits on both home loan and HR
However the rent received will be counted in taxable income.
If your rented accomodation and location of house related to housing loan is not in the same city you may avail bo
the HRA and Interest on housing loan benefits at your own discretion. Tax authority discrition may differ from you
opinion.
No HRA exemtion if your rented accomodation and residing house is in the same city.
General Deductions
An additional deduction up to a maximum of Rs. 20,000/- will be available from Assessment Year 2011-12 (FY 2010
for investment in Infrastructure Bonds.
1. Life Insurance Premium for individuals. The policy must be in the assesses or spouse's or any child's name.
2. Sum paid under contract for deferred annuity for an individual on the life of the Assessee, spouse or any child.
8. Contribution to Unit Linked Insurance Plan of LIC Mutual Fund e.g. Dhanrakhsa 1989
9. Contribution to notified deposit scheme/Pension fund set up by the National Housing Scheme.
10. Payments of installments or part payments of loan taken for buying or constructing residential house property
However, if the property is transferred before the expiry of 5 years from the end of the financial year in which
possession of such property is obtained by him, the aggregate amount of deduction of income so allowed for vario
years shall be liable to tax in that year.
11. Contribution to notified annuity Plan of LIC (e.g. Jeevan Dhara) or Units of UTI / notified Mutual Funds.
Note if in case of such contributions the deduction under Section 80CCC has already been availed, the rebate und
Section 88 would not be allowable.
Remember: The limit for maximum deduction available under Sections 80C, 80CCC and 80CCD (combined togethe
Rs. 1,50,000/- (Rs. one lac fifty thousand only).
Deduction from gross total income in respect of any Income by way of Interest on Savings account
Deduction from gross total income of an individual or HUF, up to a maximum of Rs. 10,000/-, in respect of interes
deposits in savings account ( not time deposits ) with a bank, co-operative society or post office,is allowable w.e
1st April 2012 (Assessment Year 2013-14).
Rajiv Gandhi Equity Saving Scheme (RGESS)
The Rajiv Gandhi Equity Saving Scheme (RGESS) was launched after the 2012 Budget. Investors whose annual inco
less than Rs. 10 lakhs can invest in this scheme (up to Rs. 50,000) and get a deduction of 50% of the investment.
So, if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax
deduction of Rs. 25,000 (50% of Rs. 50,000).
Further, if the dependant is a person with severe disability, a deduction of Rs. 125,000/- is also available under th
section. The handicapped dependent should be a dependent relative suffering from a permanent disability (includ
blindness) or mentally retarded, as certified by a specified physician or psychiatrist.
Note: A person with 'severe disability' means a person with 80% or more of one or more disabilities as outlined in
section 56(4) of the 'Persons with disabilities (Equal opportunities, protection of rights and full participation)' Act.