Search results
Form 12BB - Central Board of Direct Taxes, Government of India
Jun 13, 2024 · Form 12BB is a statement of claims by an employee for deduction of tax. With effect from 1st June 2016, a salaried employee is required to submit Form 12BB to his or her employee to claim tax benefits or rebates on investments and expenses.
May 10, 2018 · Form 12BB of income tax act is required to be filed with the employer if you want him to consider the HRA, LTA, Section 80 and interest paid on home loans under section 24 and thus deduct lower amount of TDS from your salary. This form is applicable from 1st June, 2016.
Jul 9, 2018 · CBDT has vide notification No. 30/2016 prescribed Form No.12BB for the purpose of estimating his income or computing the tax deduction at source wef 01.06.2016. Download Form No. 12BB in Excel Format
FORM NO. 12BB. [See rule 26C] Statement showing particulars of claims by an employee for deduction of tax under section 192. Name and address of the employee: [Permanent Account Number or Aadhaar Number] of the employee: Financial year: ETAILS OF CL.
Generate and download online Form 12BB for FY 2023-24 (AY 2024-25). This form helps you in claiming maximum tax benefits using HRA, LTA, Tax Saving Deductions, Investments etc.
Form 12BB ensures that the correct amount of tax deducted from the employee’s salary and is mandatory for salaried individuals to submit the form to claim tax deduction on expenses and investments made for the particular financial year.
What is Form 12BB? Form 12BB serves as a formal declaration made by an employee to request tax deductions. As of June 1, 2016, it has become mandatory for salaried employees to submit Form 12BB to their employers to claim tax advantages and refunds related to their investments and expenditures.
Apr 14, 2021 · Steps to Fill Form 12BB. Time needed: 3 minutes. Download Sample Form 12BB. You can download the sample Form 12BB from the Income Tax Department website. Add Personal Details. Fill Personal Details i.e, Add your Name, Address, and PAN details. Also, mention the current financial year i.e 2020-2021. Add house rent allowance Details.
May 23, 2024 · The Income Tax Department has come up with a fixed format for the declaration of claims and deductions along with their evidences, to be given by the employee to the employer in the form 12BB from the Financial Year 2016-2017.
