Proofs for Tax Benefit

Financial Year 2014-15

 Sec – 80C Repayment of Housing Loan
(Principal Amount)
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Certificate from financial institution and

Documents to
be submitted
Copy of bank statement (for EMI payment
proof).

Important
• Loan and house both should be in the name of Employee also.
 Sec – 80C Life Insurance
Premium/ULIP
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Copy of premium receipts or

Documents to
Certificate from insurance company or
be submitted
Copy of policy document (if Insurer is other
than LIC India and in case of first premium)

Important
• Benefit available if policy has been taken for self, spouse and/or children only.
(Parents/siblings are not covered).
• Please mention relationship on the top of premium receipt submitted.
• W.e.f 1st April 2012, above deduction will not be available on those policies where premium
for is more than 10% of the actual sum assured. However, policies issued before 1st April
2012, can claim deduction upto 20% of actual sum assured amount.
 Sec – 80C National Savings Certificate
(NSC)
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Copy of NSC or
Documents to
be submitted
Receipts from post office (with cheque
realisation proof)

Important
• NSC should be in employee name only. In case of joint holder, employee should be first
account holder.
Sec – 80C Public Provident Fund (PPF)

Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s

amount for 80C)
exemption

Copy of passbook (1st, 2nd and transaction

Documents to pages) or
be submitted
Copy of deposit slip (with cheque realisation
proof)

Important
Important
• When a deposit made in PPF account by cheque/draft, the date of encashment of the
• When
chequea is treatedmade
deposit as date of investment.
in PPF account by cheque/draft, the date of encashment of the
• cheque is treated
If PPF has as
been deposited for spouse /child, please mention relationship on top of the
document submitted.
Sec – 80C New Pension Scheme (NPS)

Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s

amount for 80C)
exemption

Copy of passbook (1st, 2nd and transaction

Documents to pages) or
be submitted
Copy of deposit slip (with cheque realisation
proof)

Important
Important
• When a deposit made in NPS account by cheque/draft, the date of encashment of the
• cheque
When a isdeposit
treatedmade in NPS
as date account by cheque/draft, the date of encashment of the
of investment.
cheque is treated as
 Sec – 80C Tuition Fees for Children
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Documents to
School fee slips .
be submitted

Important
• Tuition fee for full time education of any two children of an individual.
• Tuition fee does not include development fees/donation/lab charges, conveyance or
payment of similar nature.
 Sec – 80C Equity Linked Saving
Schemes (ELSS)
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Copy of account statement or

Documents to Copy of deposit slip (with cheque realisation

be submitted proof) or
Copy of DMAT account (customer detail, order
book and portfolio statement)

Important
• Saving should be in employee name only.
 Sec – 80C Fixed Deposit (Tax saver)
Maximum Up to ₹ 1,50,000/- (inclusive of all savings u/s
amount for 80C)
exemption

Copy of fixed deposit certificate which

Documents to
specifically mentions that this is a “Tax saver
be submitted
FD”

Important
• Fixed Deposit should be in employee name only. In case of joint holder, employee should be
first account holder.
 Sec – 80CCG Equity Saving Scheme
Maximum 50% of amount invested maximum up to
amount for ₹ 25,000/-
exemption

Copy of DMAT account (customer detail,

Documents to
order book and portfolio statement)
be submitted

Important
• Investment should be made in accordance to the provision mentioned in the act U/S 80CCG.
 Sec – 80D Mediclaim Insurance
Maximum Up to ₹ 15000/-
amount for
exemption Up to ₹ 20000/- (for senior citizens-above
60yrs)

Copy of premium receipts and

Documents to
be submitted
Copy of payment proof (i.e. bank statement/
credit card statement)

Important
• Premium paid in cash is not eligible for exemption for mediclaim policy but in case of
preventive health check is allowed.
• any payment on account of preventive health check-up of the employee or family,
[restricted to ₹ 5000/-}; cash payment allowed under this section.
 Sec – 80DD Medical Expenses on
Dependent with Disability
Up to ₹ 50,000/-
Maximum
amount for
exemption Up to ₹ 1,00,000/- if disability exceeds 80%

Medical certificate from medical board

constituted by Central/State Government
Documents to (Form 10-IA attached).
be submitted
Proof of expenses actually incurred.

Important
• Amount should be spent on dependent relative.
 Sec – 80DDB Medical Treatment
Expenses for Specified Disease
Up to ₹ 40,000/-
Maximum
amount for
exemption Up to ₹ 60,000/- (for senior citizens-above
60yrs)

Medical certificate from medical board

constituted by Central/State Government
Documents to (Form 10-I attached).
be submitted
Proof of expenses actually incurred.

Important
• Deduction under this section shall be reduced by the amount received, if any, under
insurance from an insurer, or reimbursed by employer.
 Sec – 80E Interest on Repayment of
Loan for Higher Education
Maximum
Interest paid during the year is exempted
amount for
without limit.
exemption

Bank certificate or

Documents to Bank statement of education loan/copy of

be submitted pass book

Employee’s declaration (Template attached)

Important
• Interest paid on a loan taken by the employee for self , spouse and children is eligible for
deduction under this section.
• Principle amount is not subject to any tax deduction
 Sec – 80U Personal Disability
Up to ₹ 50,000/-
Maximum
amount for
exemption Up to ₹ 1,00,000/- if disability exceeds 80%

Documents to Medical certificate from medical board

be submitted constituted by Central/State Government
(Form 10-IA).
 Sec – 24B Interest on Repayment of
Housing Loan
Up to ₹ 30,000/- for loans availed before
Maximum 1.4.1999
amount for
exemption Up to ₹ 2,00,000/- for loans availed on/after
1.4.1999

Projected Interest Certificate from lender / Bank

Declaration of joint loan holder (if any) (Format Attached) and

Documents to
be submitted Copy of possession certificate/sale deed (if claiming for the first
time with GlobalLogic) and

Form 12 C (Format attached)

Important
• Loan and house should be in employee name.
• Possession must have been handed over to the employee within three years of loan taken.
 Sec – 10 Rent paid (HRA Exemption)

Documents to be submitted:

• Rent receipts in original/self attested copies for all

months (Receipts can be monthly/quarterly)
• Copy of PAN card of the landlord if annual rent is
more than ₹ 1,00,000/-
• Declaration from landlord if not having PAN
(format attached)

Important
• Rent receipts should be in name of employee
 Income from Other Sources (as reported by
Employee)

Income From Previous Employer:

• Provisional income certificate received from

previous employer.
• Form 12B
• Form 16

Loss of House Property (more than one house)

• Computation of Income (Format attached)

• Ownership proof of the property
• Certificate of Interest
• Form 12C
 Things to Remember
Exemptions are only provided for investments made during current
financial year.

Tax reliefs cannot be considered in the absence of corresponding

documents, as applicable.

Please mention Extn No./Mobile number in the covering sheet.

Employees working at onsite may send their documents to Finance helpdesk Noida.

All documentary evidence in support of the investments made is to be submitted to the finance department by
12th February 2015.

If this is not received latest by 12th February 2015, actual investments for the financial year will be considered as
NIL and tax will be deducted accordingly.

If any tax has to be deducted due to non-submission of investment declaration and supporting documents in time,
i.e., by 12th February, 2015, it cannot be refunded in subsequent months.

In this case, TDS will have to be directly claimed by the employee from the Income Tax Department while filing the
personal income tax return.
Thank You!