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March 31
- The last date to submit the investment declaration is usually March 31, which is the end of the financial year in India.
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Jul 9, 2024 · Updated on: Jul 9th, 2024. |. 3 min read. The investments declaration must be made at the start of each fiscal year. In order to properly deduct taxes from your monthly salary, your employer requests that you submit all of your tax-saving investments for the year.
Aug 16, 2023 · When is the last date to submit investment proof documents for FY 2023-24 (AY 2024-25)? What is Form 12BB Investment Declaration Form?
1 day ago · An investment declaration is a formal statement disclosing an individual's investment holdings and sources of income for tax compliance. Salaried employees use Form 12BB to submit the investment declaration to their employer. The main purpose of submitting the investment declaration is to claim tax deductions and reduce the taxable income to ...
Mar 31, 2021 · If you still have not completed the tax-saving exercise for the financial year 2023-24, then you should hurry up as March 31, 2024 is the last date to do it. Remember, if the tax-saving related investments and expenditures are not made by you by this date, then your tax liability will be on the higher side for the current FY 2023-24.
- Preeti Motiani
- Claim HRA Exemption in your Return. Forgot to submit rent receipts to your employer on time? Don’t worry! If you live on rent and have made rent payments you can claim deduction on House Rent Allowance at the time of filing your return.
- Claim deductions under section 80C with no investments. Section 80C allows you to reduce Rs 1,50,000 from your taxable income. You can view the entire list of deductions allowed under section 80C here.
- Claim these deductions under section 80C without making any additional investments. You can sum up all these expenses and add them to the deduction under Section 80C on ClearTax.
- Cannot claim LTA in your Return. Unfortunately, the exemption on LTA cannot be claimed in your return. The bills for your travel against LTA can only be claimed via your employer.
Apr 16, 2024 · Updated: Aug 13. Form 12BB is the investment declaration form and is quite an essential form for every salaried employee in India.
Investment declaration is a process where employees declare their tax-saving investments at the beginning of the financial year, giving an estimate to the employer. Form 12BB is required for submission to claim tax benefits.
