Professional Documents
Culture Documents
Prepared For:
IREO GROUPS
Prepared By:
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
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.
PROOF SUBMISSION
By employees
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 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.
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
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.
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.
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.
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 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 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.
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.
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.
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.
Rate of Tax
Nil
f Education Cess
3% of (Tax + Surcharge)
For Senior Citizens (Sixty Years and above and below 80 Years)
Taxable Income
a
Rate of Tax
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)
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.
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.
10
Ltd
SL No
(01)
ITEM DESCRIPTION
PARTICULARS
(02)
(03)
(04)
- 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.
11
Ltd
SL No
(01)
ITEM DESCRIPTION
PARTICULARS
(02)
12
Ltd
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)
(03)
NSC
(04)
PPF
(Account of employee,
dependant children)
(05)
spouse
Interest on N S C
13
Ltd
(06)
Mutual Funds
(07)
ELSS
(08)
(09)
Tuition Fees
Only in the name of children
(10)
(11)
(12)
15
Ltd
(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
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.
16
Ltd
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]
The amount
(03)
Disability or severe disability For Self employee could claim benefit under Section
80U
17
Ltd
(04)
(05)
(06)
NPS 80CCD(1B)
18
Ltd
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
19
Ltd
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:
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.
20
Ltd
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
__________________________________________
__________________________________________
__________________________________________
YES / NO
__________________________________________
__________________________________________
CITY: _____________________________________
YES / NO
21
Ltd
__________________________________________
__________________________________________
__________________________________________
__________________________________________
__________________________________________
Yes / No
__________________________________________
CITY: _____________________________________
YES / NO
:
:
Rs. _______________________________________
Yes / No
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Particulars
Amount Rs.
22
Ltd
:
-
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:
23
Ltd
Certificate Number:________________________
Date: _______________
Signature of Doctor
Date & Seal
Signature of Doctor
Date & Seal
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
24
Ltd
: Permanent
Recent attested
photograph
showing the
disability
affixed here
Dated:
Place:
25
Ltd
Date :
Name:_______________________________________________
Address of Institution/Government hospital:
_____________________________________________________
_____________________________________________________
SEAL
Qualification/designation of specialist:____________________