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  2. Aug 16, 2023 · What are the different Investment proofs you can submit to claim tax deductions and exemptions for FY 2023-24? When is the last date to submit investment proof documents for FY 2023-24 (AY 2024-25)? What is Form 12BB Investment Declaration Form?

  3. Mar 19, 2024 · The filing of investment proof is the process by which you provide your employer with official documentation of the investments you made throughout the fiscal year. Your employer uses this information to calculate your taxable income and deduct the appropriate amount of Tax Deducted at Source (TDS) from your pay.

  4. Mar 18, 2024 · You can submit investment proof for FY 2023-24 (AY 2024-2025) till 31st March. However, all employers have different deadlines, so you must check with your HR team. In case you fail to submit your investment proof to your employer, they have the right to deduct TDS from your salary.

    • Dilip Prasad
  5. "Dive into the essential guide for Income Tax Declaration and Investments Proof Submission for FY 2023-24. Streamline your financial planning with expert ins...

    • 15 min
    • 20.3K
    • Investing Done Right
    • List of tax-saving investment options. There are various ways for individuals to save tax on their annual income. The Income Tax Act provides several exemptions from the salary while computing taxable income.
    • Tax-saving investment sections. Various sections within the Income Tax Act 1961 allow individuals to save taxes by making investments during a year. Section 80 C: Section 80 C is a section of the Income Tax Act, 1961 that allows the individuals and HUFs to claim deductions for up to Rs 1.5 lakh for certain investments and expenses made during a year.
    • Investment Proof Submission Process. Investment proofs are documents proving that an investment has been made and contains the details. The finance and payroll team need to collect and verify the investment proofs of the employees to calculate the income tax, deduct TDS and then remit the remaining amount as salary.
    • Investment Proof Submission on Behalf of Employees. Once the employers receive the proof of investment from the employees, they are required to submit the same on their behalf.
  6. May 20, 2024 · Streamline your online income tax return filing for FY 2023-24 (AY2024-25) with Tax2Win. Easily upload your Form-16 and conveniently file your ITR online.

  7. Feb 16, 2024 · To avoid higher taxes and to obtain tax rebates, we all make certain declarations to our employers at the beginning of the year in form 12BB. It is time to submit proof of the investment made. Let's understand what documents you need to submit at the end of FY 2023-24 to your employer to get relief.