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  2. Dec 20, 2022 · Hi Team, I want to write an email to employees to submit the investment declaration proof as they declared in the Investment Declaration format of IT. Please guide me how to draft an email for the same.

    • What Is Form 12Bb
    • Things to Be Done Before Filling Form 12Bb
    • How to Fill Form 12Bb?

    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. Form 12BB has to be submitted at the end of the financial year. Form 12BB applies to all salaried taxpayers. ...

    The following are the things to be done before filling Form 12BB: 1. Figure whether HRA and LTA are part of your package or not by studying your CTC structure 2. These can be claimed, if these allowances are a part of your CTC structure 3. Download the interest certificate and loan repayment schedule of your home loan and bank account statement by ...

    Filling out Form 12BB isn't as daunting as it seems. This guide will walk you through each section, explaining what information to include and how to claim maximum tax benefits.

  3. Aug 16, 2023 · A complete guide to Investment Declaration & Investment Proof Submission to the Employer AY 2024-25 : Form 12BB, ITR, TDS, Section 80C Tax deductions, 80D, HRA Investment Declaration Form12BB. Investment Proof Submission documents to claim Tax Deduction & Exemption.

  4. Apr 16, 2024 · Through the investment declaration form, an employee provides an outline for planned investments and expenses for determining the eligibility for claiming the deductions. Using the information, the employer adjusts the monthly Tax Deducted at Source (TDS) amount of the employee.

  5. Jul 2, 2024 · Investment declaration lets employees tell their employers about their planned tax-saving investments and annual deductions. It helps employers calculate the right amount of tax to deduct from the employee’s salary each month, preventing either too much or too little tax from being taken.

  6. Jan 31, 2024 · 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. Form 12BB has to be submitted at the end of the financial year. Form 12BB applies to all salaried taxpayers.

  7. 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.