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INCOME TAX

INVESTMENT PROOF SUBMISSION


GUIDELINES
FY 2015 16

Prepared For:
IREO GROUPS
Prepared By:

talent MAXIMUS India Private Ltd

talent MAXIMUS India Private Ltd

INDEX

I. PROCESS
II. PROOF ACTIVITIES SCHEDULE
III. HR ACTIVITY GUIDELINES
IV. PROOF VALIDATION PROCESS
V. CALCULATION OF TAX LIABILITY BASED ON THE PROOF SUBMITTED
VI. GENERAL GUIDELINES
VII. ORIGINALS MANDATORY
VIII. COPY SUFFICIENT
IX. KEY AMENDMENTS FOR FY 2015 - 16
X. ITEM WISE CHECK
Section A: House Rent Payment Details
Section B: Income from Previous Employment
Section C: Other Income
Section D: Investment qualifying for Deduction U/S 80 CCE
PART A
PART B

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INCOME TAX INVESTMENT PROOF SUBMISSION GUIDELINES 2015-16

I. PROCESS


Provision has been provided in the ESS Portal (tMI web portal) entry menu to submit the
investment proof details.

Employees have to enter the proof values against respective head in the investment proof
form on ESS Portal and submit.

Upon submission, employees need to take the printout of the Proof Submission Form and
drop in the drop box / Submit to HR department along with supporting documents.

The investment proof documents needs to be submitted only through ESS Portal
and manual forms will not be entertained for process.

II. PROOF ACTIVITIES SCHEDULE

PROOF SUBMISSION
By employees

STATUS UPDATE / QUERY


HANDLING
By tMI team

START DATE

END DATE

FROM DATE

TO DATE

17/12/2015

05/01/2016

01/02/2016

05/02/2016

Approved proof
values will be
considered for
(process Month
By tMI
FEB2016

Employees required adhering to the schedule to submit their hard copies of proof
documents along with Proof submission form.

Employees are advised to check the status of the proof documents submitted as per the
timelines specified.

In case of any discrepancy, employees need to raise the query through ESS Portal query
module for necessary clarifications / corrections, if any.

Queries raised as per schedule will be addressed with in 2 working days.

Queries raised after the cut off dates will be addressed only during the subsequent month
cycle.

The Last date for handling Income Tax proof related queries for this Financial Year is
TH
10 MARCH2016. No queries will be entertained after this cutoff date.

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III. HR ACTIVITY GUIDELINES:

Sl.
No

Collect the investment proof documents which are submitted through ESS Portal, from
the drop box / Employees as per schedule, and forward the same to tMI, Chennai
through courier along with track list (Employee Wise).

HR will return the documents which are not submitted through ESS Portal to the
respective employees.

HR coordinator and tMI team will coordinate with each other to ensure the courier reach
tMI, Chennai as per the schedule. Any delay in forwarding the courier / reaching tMI
Chennai Office will impact on agreed schedule / deliverables.
Docs submitted

Month

Dec '15

Jan '16

From
Date

To Date

17/12/15

05/01/16

To Courier
on

06/01/16

To reach
TMI,
Chennai

Consign.
No.

Courier
Name

Sent on

08/01/16

IV. PROOF VALIDATION PROCESS




The Investment Proof documents validation activities will be carried at tMI, Chennai Office.

The validation feedback, Approved / Rejection details with reason for rejection will be
updated against each line item and will be made available to employees view as per the
schedule.

V. CALCULATION OF TAX LIABILITY BASED ON THE PROOF SUBMITTED




Proposed investment declarations made in the portal till JAN 16 will not be valid effective
February 16 payroll. From Feb 16 month onwards the income tax liability will be arrived
based on the actual proof submitted and deductions will be effected accordingly.

No refund will be made in case of any excess tax recovery, due to any reason, but will be
adjusted in the best possible extent with following month liabilities, if any, during the current
Financial Year.

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VI. GENERAL GUIDELINES




All Investments, payments should pertain to current financial year 2015 - 16 only.

Employees should mention their Employee Code & Name on top of all the documents to
avoid misplacement of the documents and incorrect consideration.

Name, Date, Amount and other relevant information important for tax exemption should
be legible on all the documents.

Investments made in the name of spouse, children, dependents - employee to declare


the relationship on the proofs. Declaration in writing to be enclosed duly signed
indicating that the IT benefit are not claimed by any other person (spouse, children etc)
from the family.

Submit proof documents which are eligible for deduction / exemptions under Income Tax
Act (For eg: Not all mutual funds / Fixed Deposits are eligible for exemption)

To claim benefit under PPF, please submit the first page of account pass book copy
where in clearly mentioned as PPF account.

Exemption under Sec. 80G (Donations) should be claimed by individuals while filing their
Income Tax Returns.

Check for totals and subtotals before updating the values / submission.

Ensure multiple copies of same investment proof are not submitted

Ensure to sign on the print out of the Investment Proof Submission Form (submitted on
ESS Portal)

Employees are advised to check the status of the investment proofs submitted by them as
per the timelines specified in the schedule.

Post status update on ESS Portal, employees may raise their queries through on line
Query Module, if required.

Queries on Investment Proofs / Tax will be responded to within 2 working days.

Queries raised during the scheduled dates will be addressed and changes if any to payroll
will be effected in the same month.

Queries posted after cutoff date will be considered in the subsequent month payroll
process.

No Queries will be entertained after 10st of March 2016.

Excess tax recovery cannot be refunded but will be adjusted to the best possible extent
with future tax liability, if any, during current financial year.

House Rent Receipts should be duly filled in with particulars of Rent for the Month,
Landlord Name & Address, Rented premises address, Amount and date of receipt etc.

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In case House Rent Allowance received by the employee up to INR 3000/- p.m., can avail
exemption by submitting duly filled in, signed declaration form as per the format. Please
be informed that it is HRA received in salary and not Rent paid

It is mandatory to enter the PAN details of landlord while updating the rental value in ESS
Portal (if the monthly rent paid is above INR 8333/- per month or above INR 1,00,000 per
annum).

In case of PAN not available with landlord, to claim the HRA benefit, the declaration
form (format enclosed) duly filled, signed by Landlord along with address proof of
Landlord needs to be submitted.

For any clarifications you may please contact the HR Team personally or you can reach
tMI by raising query on ESS Portal.

VII. EXCEPTIONS
HRA and Housing Loan Benefit


To avail HRA exemption and Housing Loan interest - Self Occupied benefit, the property
and rented accommodation location should not be same City.

VIII. ORIGINALS MANDATORY FOR:




Income tax investment proof submission form (submitted through ESS Portal)
signed by the employee.

Declaration for investments in the name of spouse, dependants, signed by the employee

Rent Paid: Three months rental receipt in original which includes latest receipt and if stayed
in more than one rented house receipt(s) given by the previous landlord(s). For more than
one rented house, statement showing the period of stay should be enclosed.

In the absence of PAN, the rental receipt along with landlord declaration and address proof,
duly signed by the landlord should be enclosed.

To claim Housing Loan benefit either self occupied or income / loss from House property,
the Form 12C cum Declaration Form duly filed in all details is mandatory.

Form 12 B along with annexure: Original signed by the employee and Copy of the Form 16
/ Earnings & Deductions Certificate issued by the previous employer duly signed and
sealed.

Employees joined during current FY and declared previous employment income details, are
requested to submit current FY investment proof documents (housing loan and/or under VI
A (even if it submitted with previous employer) etc., to get the maximum benefits under
respective heads.

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IX. COPY SUFFICIENT FOR:




Items other than mentioned above.

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X. KEY AMENDMENTS FOR FY 2015 16


There is no change in the Income tax slab rates. However surcharge increased from 10% to 12%.
Transport allowance exemption is being increased from Rs.800/- p.m. to Rs.1600/- p.m.
Health insurance premium deduction u/s 80D increased from Rs.15000/- to Rs.25000/-. For
Senior Citizens limit increased from Rs.20000/- to Rs.30000/- and for Super Senior Citizens
(who are not covered under health insurance) upto Rs.30000/- deductions to be allowed
towards medical expenditure.
The deduction limit of Rs.60000/- with respect to specified decease of serious nature enhanced
to Rs.80000/- for Super Senior Citizens u/s 80DDB.
Additional deduction of Rs.25000/- allowed for differently abled persons u/s 80DD and 80U (i.e.
from Rs.50000/- to Rs.75000/- if the disability is 40% and from Rs.100000/- to 125000/- if the
disability is 80% and above).
Additional deduction of Rs.50000/- allowed for NPS additional contribution u/s 80CCD(1B).
Investment in Sukanya Samriddhi Scheme will be eligible for deduction u/s 80C.

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Rates of Tax for the employees with PAN


Normal Rate of Taxes
Taxable Income
a

Rate of Tax

Where Taxable Income does not


exceeds INR 250,000/-

Nil

Where Taxable Income exceeds INR


b 250,000/- but does not exceed INR
500,000/Where Taxable Income exceeds INR
c 500,000/- but does not exceed INR
1,000,000/d

Where Taxable Income exceeds INR


1,000,000/-

Surcharge - Applicable if Taxable


Income exceeds INR 10,000,000/-

10% tax on the income exceeding INR


250,000/-, addition tax rebate of INR 2,000/20% tax on the income exceeding INR 500,000
plus INR 25,000
30% tax on the income exceeding INR
1,000,000 plus INR 125,000
12% of Total Tax

f Education Cess

3% of (Tax + Surcharge)

For Senior Citizens (Sixty Years and above and below 80 Years)
Taxable Income
a

Rate of Tax

Where Taxable Income does not exceed


INR 300,000/-

Where Taxable Income exceeds INR


b 300,000/- but does not exceed INR
500,000/Where Taxable Income exceeds INR
c 500,000/- but does not exceed INR
1,000,000/d

Where Taxable Income exceeds INR


1,000,000/-

Surcharge - Applicable if Taxable


Income exceeds INR 10,000,000/-

Nil
10% tax on the income exceeding INR
300,000/-, addition tax rebate of INR 2,000/20% tax on the income exceeding INR 500,000
plus INR 20,000
30% tax on the income exceeding INR
1,000,000 plus INR 120,000
12% of Total Tax

f Education Cess

3% of (Tax + Surcharge)

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XI. ITEM WISE CHECK


Section A: House Rent Payment Details
ITEM DESCRIPTION
Proof

PARTICULARS
Three months rental receipt in original which includes latest rent paid.
The receipt should necessarily have details like Landlord's name and address,
signature of the Landlord.
Incase employee has changed houses, and then rent receipt from previous
Landlord is also required with mention about the period of stay.
In case of rent paid in excess of INR.8,333/- per month and non availability of
PAN with Landlord, the rent receipt should be submitted along with
Declaration duly filled and signed by Landlord with supporting documents as
required.

Rent & Maintenance

In the Rental receipt if there is any breakup for Rent and Maintenance
mentioned; only RENT will be considered.

PAN details

Landlord PAN needs to be updated in ESS Portal while updating the rental
value if it is exceeds INR 8,333/- per month. It is made as MANDATORY.
In case of non availability of PAN with Landlord, Declaration Form duly filled
and signed by Landlord with supporting documents as required needs to be
submitted to claim HRA benefit.

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Section B: Income from Previous Employment

SL No
(01)

ITEM DESCRIPTION

PARTICULARS

Previous employment Gross Salary


Income After exemption U/S 10

Original Form 12 B signed by the employee


AND
Copy of Form 16 or Earnings and Deductions
Certificate or final tax statement attested by
authorized signatory of the previous employer
(s). This is MANDATORY.
Separate forms for each employer in case of
more than one previous employer.

(02)

Previous employment PF Deductions

(03)

Previous employment PT Deductions

(04)

Previous employment IT Deductions

- Same as above
AND
- Copy of the Form 26AS

Same as above -

Same as above -

Employees are required submitting supporting proof documents under Sec 80C, Housing
Loan Benefit etc., even if it is already submitted with Previous Employer and benefit
considered / reflecting in the computation sheet.
It is mandatory requirement to calculate the revised tax liability after considering the
Previous Employment income.

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Section C: Other Income

SL No
(01)

ITEM DESCRIPTION

PARTICULARS

Interest on Housing Loan


(Loan should be in the name of employee)

Original Form 12C cum Declaration Form, duly


filed in all aspects with computations, signed by
the employee along with the Certificate from the
recognized banks / financial institutions giving
the break up of Principal and Interest repayment
in the Financial Year.
No Schedule / Account Statement will be
considered as Proof.
Interest on Housing loan paid to parties or
relatives other than banks/financial institutions
will not be considered.

(02)

Income / Loss from House Property


(Loan should be in the name of employee)

Original Form 12C cum Declaration Form, duly


filed in all aspects with computations, signed by
the employee along with the Certificate from the
recognized banks / financial institutions giving
the break up of Principal and Interest repayment
in the Financial Year.
No Schedule / Account Statement will be
considered as Proof.
Interest on Housing loan paid to parties other
than banks/financial institutions will not be
considered.

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Section D: Investment qualifying for Deduction under Section 80 CCE:

PART A

SL No

Item Description

Enclosures required

(01)

Insurance Premium
Copies of the premium receipts paid by the
(Paid for employee, spouse and dependant employee during current financial year.
children)
Incase of any annual premium payable during
Jan 16 to Mar 16 submit the copy of the
premium paid during Jan 15 to Mar 15.

(02)

Insurance - Pension Scheme


(Should be in employees name & Policy
which is eligible U/S 80 CCC)

Copies of the premium receipts, paid by the


employee during current financial year.
Incase of any annual premium payable during
Jan 16 to Mar 16 submit the copy of the
premium paid during Jan 15 to Mar 15.

(03)

NSC

(04)

PPF
(Account of employee,
dependant children)

(05)

Copy of the NSC certificate (purchased during


current financial year) in the name of employee.

spouse

Copy of the stamped deposit receipt, paid during


and current financial year and copy of the Passbook
with clear mention as PPF Account.

Interest on N S C

Copy of the NSCs with year-wise statement of


investment in NSC and interest thereon based on
Issue Type (whether VIII issue or IX issue)

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(06)

Mutual Funds

Copy of the receipt or investment certificate


showing the details of the Employee Name,
Investment Date, Amount, Type of Investment.

Only the investments made under Tax Saving


Fund / Plan will be considered.
In case of SIP the number of installments will be
arrived & considered up to March 16.
Amount Transferred from other plan to Tax
Saving Fund / Plan will not be considered as
investment.
Acknowledgement of the proposal/application
form will not be considered as Proof.

(07)

ELSS

Copy of the receipt or investment certificate


showing the details of the Employee Name,
Investment Date, Amount, Type of Investment.
Only the investments made under Tax Saving
Fund / Plan will be considered.
In case of SIP the number of installments will be
arrived & considered up to March 16.
Amount Transferred from other plan to Tax
Saving Fund / Plan will not be considered as
investment.
Acknowledgement of the proposal/application
form will not be considered as Proof.

(08)

Copy of the receipt or investment certificate


ULIP
showing the details of Investment Date,
(Paid for employee, spouse and dependant Amount, Type of Investment.
children)
Only the investments made under Tax Saving
Fund / Plan will be considered.
In case of SIP the number of installments will be
arrived & considered up to March 16.
Amount Transferred from other plan to Tax
Saving Fund / Plan will not be considered as
investment.
Acknowledgement of the proposal/application
form will not be considered as Proof.
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(09)

Copy of the payment receipt of Tuition Fees paid


to any educational institution situated in India for
the purpose of full-time education of any two
children of the employee.

Tuition Fees
Only in the name of children

The Amount allowable as tuition fees shall


include any payment of fee paid to any
educational institution in India except the
payments made to development fees or donation
or capitation fees or payment similar nature or,
Van Fees, Shoes & Sock etc.

(10)

Principal Repayment of Housing Loan

Original Form 12C cum Declaration Form, duly


filed in all aspects with computations, signed by
the employee along with the Statement from the
recognized banks / financial institutions giving the
break up of Principal and Interest repayment in
the Financial Year.
No Schedule / Account Statement will be
considered as Proof.
Principal on Housing loan paid to parties other
than banks/financial institutions will not be
considered

(11)

Post Office => 5 years Term Deposit

Copy of the passbook first page. Deposit receipts


invested during current financial year & pages
showing current Financial Year deposit details
with clear mention eligible for tax benefit.

(12)

Fixed Deposits with Scheduled Banks =>5 years Deposits

Copy of the Deposit Receipt invested during


current financial year with mention that the
deposit is eligible for benefit under Sec 80C of
the Income Tax Act.

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DEDUCTION UNDER SEC 80CCG RAJIV GANDHI EQUITY SAVINGS SCHEME


SL #

(01)

Item Description

Enclosures required
[Please note that the Income tax benefit
claimed through the declaration will not be
approved if the enclosures are not available]

Investments made by Retail Investor on Copy of the Form A submitted with the
eligible Securities as per the Scheme.
Depository Participant duly acknowledged.
Gross Total Income of the employee for the Self declaration from the employee
financial year shall not exceed twelve lakh attested by the Depository Participant.
rupees.

duly

The employee should be a new retail


investor as specified under the scheme.
The investment is made in such listed
equity shares as specified under the
scheme.
Investment is locked-in for a period of
three years from the date of acquisition in
accordance with the scheme.
Deduction is limited to 50% of the amount
invested in such equity shares subject to a
maximum of Rs.25000/Provision
permits
deduction
consecutive assessment years.

for

If the retail investor fails to fulfill any of the provisions of the scheme, the deduction allowed
shall be deemed to be the income of the employee of such previous year and shall be liable
to tax for the assessment year relevant to such previous year.

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PART B

SL No

(01)

(02)

Item Description

Enclosures required
[Please note that the Income tax benefit
claimed through the declaration will not be
approved if the enclosures are not available]

MEDICLAIM Deduction U/S 80 D For


Employee or his family

Copy of the premium receipt paid by the


employee issued by the insurer.

In the name of employee, spouse,


dependant children.

Original receipt of payment on account of


preventive health check-up of the employee or
family.

MEDICLAIM Deduction U/S 80 D for


Employee Parent or Parents

Copy of the premium receipt paid by the


employee for his parents, issued by the insurer.

In the name of employees parent/s

Original receipt of payment on account of


preventive health check-up of the employees
parent / parents.

Medical Treatment on Handicapped


Dependant Deduction U/S 80 DD

The amount

Section 80DD benefit is available only to


the dependants of the employee.

(03)

a) of expenditure incurred by way of medical


treatment, training and rehabilitation of a
handicapped dependant ., or

Disability or severe disability For Self employee could claim benefit under Section
80U

b) paid or deposited under any scheme framed


in this behalf by the LIC or UTI or any other
insurer and approved by the Board for the
maintenance of the handicapped dependant,
shall be allowed as a deduction up to
Rs.75000/- either under (a) or (b) or aggregate
of (a) & (b) on the production of a certificate
from the Government hospital in the prescribed
form and manner, along with the return of
income u/s.139 in respect of the assessment
year for which the deduction is claimed. Where
such dependant is a person with severe
disability, a deduction of Rs.125000/- can be
claimed.

Medical Treatment Expenses for the


specified disease - Deduction U/S 80DDB

Medical Bills / expenditure incurred by way of


medical treatment for a specified disease along
with a certificate from the Government hospital
in the prescribed form.

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(04)

Interest paid on Higher Education Loan


Deduction U/S 80 E
Any course of study pursued after passing
the Senior Secondary Examination or its
equivalent from any school, board or
university recognized by the Central
Government or State Government or local
authority or by any other authority
authorized by the Central Government or
State Government or local authority.

Copy of the bank certificate stating that the loan


and interest has been paid and amount payable
during the financial year.
AND
Declaration from the employee that loan and
interest repayment has been made from his
taxable income and whether this is the first year
of repayment, if not, Nth year of repayment

(05)

For Self Permanent Disability


Deduction U/s 80 U

Any assessee suffering from a permanent


physical disability (including blindness) or is
subject to mental retardation, on the production
of medical certificate from Government Hospital
in the prescribed form and manner, along with a
Return of Income, shall be allowed a deduction
of Rs.75000/-. Where such assessee is a
person with severe disability, a deduction of
Rs.125000/- can be claimed.

(06)

NPS 80CCD(1B)

Should be in employee name.


Copy of the stamped deposit receipt, paid
during current financial year and copy of the
Passbook with clear mention as NPS Account

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Rent Receipt Format


Date : ______________
RENT RECEIPT
I, ____________________________ (Name of the owner of the accommodation) hereby
acknowledge the receipt of Rs.___________(Rupees _____________________________)
from Mr / Ms __________________________________________(Name of the employee),
residing at _________________________________________________________________
__________________________________________________________________________,
towards house rent for the month of ___________________________.

AFFIX ONE
RUPEE REVENUE
STAMP
Signature of the Owner
Name and Address of the owner of accommodation:
___________________________________________,
___________________________________________.
PAN _______________________________________

Declaration Form (In case of House Rent Allowance is < 3000/- p.m.) Format
Date : ______________
DECLARATION
I, ____________________________ (Name of the employee) _____________ (EMP CODE) hereby
confirm that I am staying in the following address effective from ______________ and paying
house rent of Rs.______________ per month.

Residential Address:
_______________________________________,
_______________________________________.
Signature of the Employee

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LANDLORD DECLARATION IN CASE OF NO PAN


Date: _________________

I ________________________________ Son / Daughter / Wife of __________________________


Residing at ________________________________________________________________________
Hereby declare and state the following:
I dont have any PERMANENT ACCOUNT NUMBER (PAN) allotted to me by Income Tax
Department.
I have let out my residential property located at ________________________________________
__________________________________________________________________________________
To Mr / Ms ________________________________ at an monthly rent of INR_______________and
received total rent of INR __________________ during financial year 2015 - 16 from this tenant.

OTHER DETAILS:
Reason for not having Permanent Account Number: _____________________________________
Details of Ward / Circle / Range where the last return of Income was filed: _________________
Details of document enclosed in support of self residential address: _______________________
VERIFICATION
I, ________________________________(Landlord) do hereby declare that what is stated above
is true to the best of my knowledge and belief.
Verified today, the ______________ day of ________________.

Date:

Signature of the Landlord

Note: Documents which can be produced in support of Landlord residential address are:
01. Ration Card
02. Passport
03. Driving Licence
04. Copy of the Electricity Bill showing residential address
05. Identity Card / Any document issued by any authority of Central / State Government or
Local bodies showing residential address.

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Form 12 C cum Declaration Form to claim Housing Loan deductions


IMPORTANT NOTE:

1. The filed declaration form is mandatory to claim Housing Loan Benefit either self occupied or Income / Loss from
House Property.
2. Separate declaration form needs to be filed and submitted for every housing loan claim.
3. Housing Loan benefits will not be extended in case of claiming HRA exemption and the rental premises address & the
housing loan property are in the same CITY.
4. Please ensure completing declaration in all respect. In-complete declaration will not be considered for process.
5. No deduction will be considered with out having duly completed / signed declaration form submitted by the employee.

DECLARATION
Employee Code

Employee Name

Residential Address

__________________________________________
__________________________________________

City with Pincode

__________________________________________

Are you claiming HRA exemption

YES / NO

If Yes, Address of the rental premises and City

__________________________________________
__________________________________________
CITY: _____________________________________

Whether the rental premises city and Housing Loan


Property City are same

YES / NO

Housing Loan Benefit claiming under

Under Self Occupied / Let out Property

Housing Loan Type / Purpose

Repair/renewal/reconstruction of the house (OR)

Acquisition/Construction of House (OR)

Purchase of Housing Vacant Land

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Name and address of the lender (loan provider):

__________________________________________
__________________________________________

Housing Loan Sanction Date

__________________________________________

Construction completed Date

__________________________________________

Possession taken Date

__________________________________________

Whether the Loan is joint Loan

Yes / No

If yes percentage of benefit claimed


: Percentage Claiming:_____________
If opted for beyond prorated rate, you are declaring that the repayment of loan is made out of your income and
other family member or the joint holders are not claiming the benefit.
Property Registered in the name of
: __________________________________________
Property Address and City

__________________________________________
CITY: _____________________________________

Whether the property is

Self Occupied / Vacant / Let out

Have you enclosed the housing loan provisional certificate

YES / NO

Amount of Deduction claimed

:
:

Rs. _______________________________________

In case of Self Occupied Property

Are you claiming Pre-Emi benefits

Yes / No

Pre EMI Int Paid Amount & Financial Year


1. FY 2010 - 11 Pre EMI Paid as per certificate enclosed

0.00

2. FY 2011 - 12 Pre EMI Paid as per certificate enclosed

0.00

3. FY 2012 - 13 Pre EMI Paid as per certificate enclosed

0.00

4. FY 2013 - 14 Pre EMI Paid as per certificate enclosed

0.00

5. FY 2014 - 15 Pre EMI Paid as per certificate enclosed

0.00

Total Pre EMI Interest Paid

0.00

Eligibility Amount (1/5-one fifth of the total pre EMI paid)

0.00

In case of Vacant / Let Out Property

Particulars

Amount Rs.

1. Annual lettable value / Annual rent received or


receivable (whichever is higher)

2. LESS: Municipal Taxes paid

3. Gross Annual Income from House Property (1-2)

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Less Deductions under Sec 24:


a) Repair and Maintenance charges to the extent of 30%
of the Gross annual Income (3)

b) Interest payable for this Financial Year

c) Interest for the period prior to construction or


acquisition (allowable only in case of let out property
over a period of 5 years)

:
-

Total Deductions (4a+ 4b+ 4c)

Net Income (or) Loss from House Property (3 - 5)

NOTE:
1. Deduction should not be claimed / will not be allowed in case of Housing Loan Type / Purpose is for Purchase of
housing vacant land
2. No deduction under section 24 is allowed in respect of a self-occupied property or a property which could not be
occupied because of employment, business or profession at another place or where the annual value is taken a nil.
3. Higher deduction (of Rs.2,00,000/-) is not allowable in respect of interest on capital borrowed for the purpose of
repairs or renovation of an existing residential house.
4. Please give separate computation in respect of each property.
5. Please provide necessary proofs in respect of interest and principal payments.
Declaration
I, . (name of the employee), do declare that what is stated above is true to the best of my information and
belief.

DATE:

Signature of the employee


Employee ID

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STANDARD FORMAT OF THE CERTIFICATE TO GET DEDUCTION UNDER SEC 80 DD / SEC 80 U

Name and address of the Institute / Hospital


Issuing the certificate

Certificate Number:________________________

Date: _______________

CERTIFICATE FOR THE PERSONS WITH DISABILITIES

This is to certify that Shri / Smt. / Kum . Son / wife / daughter


of Shri . Age .. old male / female, Registration number
is a case of . He / She is physically disabled / visual
disabled / speech & hearing disabled and has ..% (.. percent)
permanent (physical impairment / visual impairment / speech & hearing impairment) in
relation to his / her .
Note: 1. This condition is progressive / non progressive / likely to improve / not likely to
improve. *
2. Re-assessment is not recommended / is recommended after a period of .
Months / years. *

Strike out whichever is not applicable.

Signature of Doctor
Date & Seal

Signature of Doctor
Date & Seal

Signature / Thumb impression


of the patient.

Signature of Doctor
Date & Seal

Countersigned by the
Medical Superintendant / CMO / Head
of the Hospital (with Date & Seal)

Recent attested
photograph
showing the
disability
affixed here

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CERTIFICAE OF MENTAL RETARDATION


TO GET DEDUCTION UNDER SEC 80 DD / SEC 80 U

This is to certify that Shri / Kum . Son / daughter of


of village / town / city .. with
particulars given below:
a. Age
b. Sex
c. Signature / Thumb impression

CATEGORISATION OF MENTAL RETARDATION


Mild / Moderate / Severe / Profound

Validity of the certificate

: Permanent

Recent attested
photograph
showing the
disability
affixed here

Signature of Government Doctor /


Hospital with seal
Chairperson Mental Retardation Certification Board

Dated:
Place:

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FORM NO. 10-IA


[See sub-rule (2) of rule 11A]
Certificate of the medical authority for certifying person with disability, severe
disability, autism, cerebral palsy and multiple disability for purposes of section
80DD and section 80U
Certificate No.:

Date :

This is to certify that Shri/Smt./Ms._______________________________ son/daughter of


Shri_________________________________, age______ years___________male/female*
residing at____________________________________, Registration No.__________is a
person with disability/severe disability* suffering from autism/cerebral palsy/multiple
disability*.

2. This condition is progressive/non-progressive/likely to improve/not likely to improve*.

3. Reassessment is recommended/not recommended after a period of __________ months /


years*.

(Neurologist/Pediatric Neurologist/Civil Surgeon/


Chief Medical Officer*)

Name:_______________________________________________
Address of Institution/Government hospital:
_____________________________________________________
_____________________________________________________
SEAL

Qualification/designation of specialist:____________________

Signature/Thumb impression* of the patient: _______________


Note: *Strike out whichever is not applicable.
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