Employee Proof Submission Form For the Financial Year 2016-2017 [LAST DATE OF FOR SUBMITTING PROOFS IS 20/12/2016

Employee ID *
Gender
Date of Joining
Employee Name *

No. of Children going to School *

PAN No (Attach
Photocopy)*
Address for claiming HRA:

No. of Children staying in Hostel *

Aadhaar Card
Number*
Company Name(Deputed At)

Section A - Rent paid details for claiming HRA exemption ( Only Original Rent Receipts will be considered & if the rent exceeds Rs.8333.33, Landlord
Pan no mandatory)
From Date

To Date

City

Metro
Yes/No

PAN of Landlord

As Per
Section B - Chapter VI A - Deductions from Total Income (Photo Copies to be
Last
attached)
Declaratio
n
Medical Insurance Premium (U/s 80D) - Individual, Spouse & Children
Medical Insurance Premium (U/s 80D) - Parents not being Senior Citizens

Rent Paid per month

Value of Proof Attached

Approved Amount (To be filled

by MAGNA)

Approved Amount (To be filled

by MAGNA)

Medical Insurance Premium (U/s 80D) - Parents being Senior Citizens

Medical Treatment/Handicapped Dependent (U/s 80DD) - Without Severe Disability
Medical Treatment/Handicapped Dependent (U/s 80DD) - With Severe Disability
Medical Treatment in case any Disease/Ailment-Self/Dependent (U/s 80DDB)-Senior
Citizen (Age<=60Yrs)
Medical
Treatment in case any Disease/Ailment-Self/Dependent (U/s 80DDB)-Senior
Citizen
Interest(Age>=60Yrs)
on Educational Loan (U/s 80E)
Interest on Additional Housing Loan (U/s 80EE)
For Rent Paid (U/s 80GG)
Permanent Physical Disability (80U) < 80%
Permanent Physical Disability Severe Disability (80U) > 80%
Interest on Deposits in Savings Account deduction upto Rs.10000 (80TTA)
Investement under 80CCD (National Pension Scheme)
Section C - Chapter VIA Sec 80C
Life Insurance Premium
Public Provident Fund (PPF)
National Savings Certificate (NSC)
Children Education Tuition Fee (Max 2 Children)
Mutual Funds / Equity Linked Saving Scheme (ELSS) / Unit Linked Insurance Policy (ULIP)
Cumulative Term Deposits
5 Year Deposit under Senior Citizen Saving Scheme
5 Year Time Deposit in Post Office
Housing Loan - Principal Amount paid, Registration Fees, Stamp duty
Bank Fixed Deposit Scheme (Block Period of 5 yrs)
Sukanya Samrudhi Scheme
NSC Interest (Will be considered as Other Income)
Section D(a) - Loss from House Property - LETOUT (Photo Copies to be attached) Calculation details to be attached in the format given in
Instruction
Total
interest Sheet
paid by me (post construction/possession/ amortized pre-emi) during the
financial year (April 16 to March 17) - Letout
Address of the Property against which Loan taken
City
Date of Occupation (DD-MM-YYYY) *
Section D(b) - Loss from House Property - SELF OCCUPIED (Photo Copy) (If loan was availed before 01/04/1999, limited to Rs.30000, else
limited to Rs.200000)
Total interest paid by me (post construction/possession/ amortized pre-emi) during the
financial year (April 16 to March 17) - Self Occupied
Address of the Property against which Loan taken
City
Date of Occupation (DD/MM/YYYY) *
Section E - Other Reimbursement
Medical Allowance (Bills) (only eligible if part of salary component to claim exemption)
Leave Travel Allowance ( Bills) (only eligible if part of salary component to claim
exemption)
Section F - Previous Employment
Income From Previous Employer (Joined after 01/04/2016)
Income after Section 10 exemption
Provident Fund (PF)
Professional Tax (PT)
Tax deducted at source (TDS)
Section G - Other Income
Other Income Details to be accounted for tax calculation
Control Total (Please total the figures entered in A+B+C+D(a)+D(b)+E+F+G) (Mandatory)
Declaration
1. I hereby declare that I have read and understood the guidelines provided in 'Proofs Option Document' and 'EPSF' instructions and that all information given above is
correct and true in all respects.
2. LTA Exemption being claimed by me is as per the IT rules which specifies that exemption can be claimed twice in a block of 4 years. (irrespective of the number of
employers in the period). Current Block being 01-Jan-2014 to 31-Dec-2017
3. I also undertake to indemnify the company for any loss/ liability that may arise in the event of the above information being incorrect.
4. I hereby declare that I have read and understood the guidelines provided in 'Proofs Option Document' and 'EPSF' instructions and that all information given above is
correct and true in all respects.

Date :
Place :
Signature of Employee *
* Indicates mandatory fields. Please verify the same and if blank, please fill in and submit the form. EPSF without signature will not be considered.

Proof Submission Guidelines 2016-17

SECTIONS COMPONENT

10 (13A)

House Rent
Allowance

PROOF TO BE SUBMITTED

TAX BENEFIT

FOLLOWING WILL BE DISALLOWED

Original Rent Receipts one for each (Month / Quarter / Year) pertaining to current financial year (Apr Least of the below is exempt for Income Tax:
16 to Mar 17)

Rent Agreement alone without rent receipts

Rent Receipt should contain

Rent paid for the period
Name and signature of landlord
Complete address of the property
PAN of Landlord (in case rent is > Rs.8.333/- per month)
Revenue stamp to be affixed (Not mandatory for Karnataka)

If Loss on self-occupied property is claimed for the same

period and same city, then HRA rent is disallowed for the
overlapping period

Actual HRA earned by the assesse for the year.

Rent paid minus 10% of Basic salary

(Declaration Form
attached)
Document

40% of Basic or 50% of Basic (in case of Metro cities)

(Landlord Decl Attached)

Employees, who have joined the company in between the year i.e. after 1st Apr 2016, should
submit Rent Receipt only for the period with the current employer (from Date of Joining till the
proof submission month)

Maintenance and electricity charges are not considered. Only

actual rent paid will be considered

Rental Agreement is mandatory for rent amount greater than <8333>

Photocopies of rent receipts

Declaration form from the land lord is required incase PAN is unavailable - Format attached
HRA Declaration for future months to be submitted. Format attached at the end of the document
Original Train Ticket(s)

Exemption criteria:-

Original Flight Ticket(s) supported with Boarding Pass(s)

Exemption allowed for travel undertaken within India only.

(LTA claim form attached)

In case of travel by road

Original Travel agent's Bill clearly Reflecting
Places Travelled

LTA

In case of travel by Train / Flight - Travel agents bill without tickets does not constitute valid proof
LEAVE
TRAVEL
Employee should be on paid leave during the period of travel (to be verified by the employer / HR)
ALLOWANCE

Employee essentially should be part of the travel, to be able to claim exemption.

If two claims are already made in the current block (01-01-2014

31-12-2015), & (01-01-2016-31-12-2017) no further claim will be
accepted.
1. Exemption cannot exceed the amount paid as LTA in the year by
the current employer, even if the actual travel expenses are higher.
2.In case of travel by Taxi Fare equivalent to the First class a/c
train for the distance of the journey by the shortest route only will
be considered as exemption

Note:
LTA Forms Attached ( To claim LTA)

Breakup of Total KM Covered between each of the places Travelled

Number of Dependent Travelled ( Spouse/Children / Parents)
Children
Education
Allowance

Applicable only if employee has children education allowance as part of earnings

Rs.100/- per month per child, for maximum of two children.

No Proofs required. Number of school /hostel going children to be updated in EPSF to provide
necessary exemption

Additionally, Rs.300/- per month per child if the child / children are Exemption will not be provided, if number of school / hostel
in hostel.
going children is not updated in EPSF.
Exemption will be prorated from Date of Joining of current employer

Chapter VIA deductions

Photocopy of the receipt and insurance certificate issued by the Insurance Company

80D

Medical
Insurance

Least of the premium paid or amount mentioned below is exempt

Receipts should be of the current financial year only (Apr16 Mar17)

Limited to Rs.25000/- In case of Individual, Spouse &

Children

Receipt / Certificate should specify that benefit eligible u/s 80D (Mediclaim Insurance)

Limited to Rs.50000/- In case of Individual, Spouse, Children

and parents below 60 years

Deduction through salary for parents will be considered. No proof required

Only Premium amount is allowed
Preventive heath check up is allowed for deduction upto Rs 5,000, within the overall deduction limit.

Limited to Rs.55000/- In case of Individual, Spouse, Children and

any one parent above 60 years

Previous year receipts along with declaration to be submitted, if the policy is due after the proof submission
Preventive
cut-off
heath
date
check up is allowed for deduction upto Rs 5,000,
within the overall deduction limit.

Page 2 of 8

Deduction through salary for parents in law is not eligible as

per IT Act

Late payment charges and service tax will not qualify for the
benefit.

Proof Submission Guidelines 2016-2017

SECTIONS COMPONENT

80DD

Maintenance /
Medical
treatment of
Handicapped
dependents

80DDB

Deduction in
respect of
Medical
Treatment

80E

80U

PROOF TO BE SUBMITTED
Photocopy of certificate (Form - 10 IA)issued by the competent medical authority in a Government
Hospital specifying the % of disability
Self-declaration mentioning amount spent on treatment, training or rehabilitation of the
handicapped dependent or receipt of the amount paid to LIC/UTI for the policy
Where condition of disability requires reassessment, fresh certificate to be obtained after its expiry
to continue claiming the deduction
Submit a certificate in form 10-I,from a neurologist, Oncologist,Urologist, Haematologist,
Immunologist or other specialist as mentioned in Rule 11DD.
Applicable for the assesse or their dependant husband/wife,,children, parents, brothers and sisters
of the tax payer

Eligible if loan is availed by the employee for self, spouse or children for pursuing higher education
on or before 01-Apr-2006
Provisional certificate pertaining to current financial year only (Apr 16 Mar 17) from the Bank /
Education Loan Financial Institution specifying the following:
Interest
Said loan is an Educational Loan and qualify for benefit u/s 80E
Benefit
Break up of principle and interest paid on the loan in the current financial year (Apr16Mar17)

TAX BENEFIT

FOLLOWING WILL BE DISALLOWED

No benefit if disability is < 40%

Form 10 IA will not be considered, if the expiry date is on or
Rs.75000/- if disability is > 40% & <=80% Rs.125000/- if disability
before 01-Apr-2016
is >80%

Rs.40000/- for his assesse or dependant, and in case of senior

citizen Rs.60000/- or actual expenditure whichever is lower and in
case of super senior citizen Rs.80000/- or actual expenditure
whichever is lower. Further the deduction amount will be reduced
from the amount recovered from the insurer or from the employer

Form 10-I will not be considered, if the expiry date is before

01-Apr-2016. Actual expenditure bills also to be
supported/submitted to claim the benefit along with the
form 10-I

No capping of maximum limit

Bank statement / Certificate of payment due cannot be

considered as proof of payment.
Actual interest paid by the employee during the financial year is
Interest paid for the first 8 years on loans taken for Higher Education such as Engineering / Medical allowed in full as deduction
etc
Deduction in Photocopy of certificate (Form - 10 IA)issued by the competent medical authority in a Government
No benefit if disability is < 40%
case of
Hospital specifying the % of disability
Form 10 IA will not be considered, if the expiry date is on or
Disability-Only Where condition of disability requires reassessment, fresh certificate to be obtained after its expiry, Rs.75000/- if disability is > 40% & <=80% Rs.125000/- if disability before 01-Apr-2016
is >80%
Self
to continue claiming the deduction.
Photocopy of receipts / certificates pertaining to current financial year only (Apr 16 Mar 17)

80CCD

National
Pension
Scheme

80TTA

Interest on
Savings Bank
account

80EE

Deduction in
respect of
interest on
loan taken for
residential
House property

NPS Certificate should be in the name of individual (Self only)

(Form 10I A form attached)

Maximum deduction is allowed under Sec-80CCD(including 80C) is

Rs.2,00,000/-

Certificates in the name of spouse, children and parents are

disallowed

Self-declaration from the employee/certificate from the Bank/co-opoerative bank/Post office

mentioning the total interest earned only from the savings account during the FY Apr 16 Mar 17. Maximum deduction is allowed under Sec-80TTA is Rs.10,000/Interest from savings account declared will also be accounted as
Other Income

Interest from non savings account will be disallowed

Assessee should be an Individual.

Loan taken from a financial institution (Bank/House finance company)
Loan should be sanctioned during the financial year 2016-17
Loan Sanctioned amount does not exceed Rs.35 lakhs
Value of residential property does not exceed Rs.50 lakhs
The assessee does not own any residential house property on the date of sanction of loan
This should be the first property

Sanction amount > 35 lakhs and the value of such property

exceeds 50 lakhs, benefits are not allowed under this section.
Employee owning the house property in the previous year
ie., prior to 1st April 2016 will not be allowed to claim the
benefit. This section is effective 2016-17 hence the loan
sanction amount prior to this financial year will also be not
allowed to claim the benefit under this section.

Maximum deduction u/s 80EE is allowed Rs. 50000/-.

Page 3 of 8

(Form 10I A form attached)

Proof Submission Guidelines 2016-2017

SECTIONS COMPONENT

PROOF TO BE SUBMITTED

TAX BENEFIT

FOLLOWING WILL BE DISALLOWED

SELF OCCUPIED AND LET OUT HOUSE SEC 24

24

Provisional certificate pertaining to current financial year (Apr 16 Mar 17) with breakup of
interest and principle from the Housing Finance Company / Bank.

Capped to a maximum of Rs.2,00,000/- only i.e. Total amount

allowed for a property is Rs. 2,00,000/-.

In case of Joint loan, declaration specifying the % of benefit claimed by the individual

Loan taken before 01/04/1999, interest restricted to Rs.30000/-

If Self-occupied benefit and HRA is claimed for the same

period, in the same city, then HRA benefit is disallowed for
the overlapping period

Housing Loan interest taken for renovation/repairs restricted to

Rs.30000/If property is not occupied within 3 years of loan sanction date,
benefit is restricted to Rs.30000/-

Bank statement showing only EMI deduction will be

disallowed.
Interest benefit cannot be claimed, unless the property is in
possession on or before 31-Mar-2017.

Pre-EMI interest (EMI paid before occupation of the house) is

deductible in 5 equal instalments starting from the year when the
construction is completed or property is acquired.

Only one self occupied property is considered for tax benefit

on interest paid. If multiple properties, claim only one under
self-occupied and the rest under let-out

No cap on maximum amount

Bank statement showing only EMI deduction will be

disallowed

Loss on SelfHousing loan interest deduction through payroll will be considered. No proof required
Occupied
house property
(Housing loan
interest)
Possession Letter from Builder or through self declaration from the employee is mandatory as per
IT circular no 8/2012, dated 5th October 2012
Provisional certificate pertaining to current financial year (Apr 16 Mar 17) with breakup of
interest and principle from the Housing Finance Company / Bank.

24

80C

In case of Joint loan, declaration specifying the % of benefit claimed by the individual
Loss / Income
on Let out
House Property Form 12 C or Computation of Loss / Income as per rule is mandatory. Template attached
(Housing loan If the premises is left vacant / occupied by family, as per Section23 (1) (c), Notional Rental Income
interest)
has to be arrived and then, the net loss has to be arrived.
Notional rent to be taken as municipal valuation or the rent which similar property in the same
locality would fetch, whichever is higher. However, if standard rent is fixed for the property, then
notional rent cannot exceed the standard rent
Section 80C Deductions ( Maximum Deduction Capped to Rs. 1.5 Lakh Inclusive of PF/
VPF
PF / VPF / LIC
Deduction
Deduction through payroll will be considered. No proof required for the same.
through salary

Life Insurance
Premium

Policy can be in the name of individual, spouse and children

Policy should specify that benefit eligible u/s 80C

Loan taken before 01/04/1999, interest restricted to Rs.30000/-

Maximum deduction is allowed under Sec-80C (including 80CCC) is

Do not attach payslips or Tax computation sheets as proofs
Rs.1,50,000/Late payment fees will not be considered

Maximum deduction is allowed under Sec-80C (including 80CCC) is

Rs.1,50,000/-

Photocopy of all the certificates for which interest is being claimed.

NSC certificate should have been taken on or after 01-Apr-2009
80C

80C

NSC Interest

National
Savings
Certificate
(NSC)

NSC Certificate should be in the name of individual (Self only)

Calculation of Interest is mandatory as per the NSC interest calculation table given along with the
guidelines
Photocopy of receipts / certificates pertaining to current financial year only (Apr 16 Mar 17)
NSC Certificate should be in the name of individual (Self only)

Policy for parents are disallowed

Future period benefits will not be provided, if declaration /

previous year receipts is not submitted. Proposal Receipt will
be disallowed

Declaration for future months to be submitted

Photocopy of stamped challan or PPF passbook
Public
provident fund Public Provident fund should be in the name of individual, spouse and children
(PPF)
Receipts should be of the current financial year only (Apr16 Mar17)

Computation of net loss without considering Notional Rental

Income will be disallowed

(Declaration Form
attached)

Photocopy of previous year receipts are required for future months, as proof

80C

(Let out Property format

attached)

Interest benefit cannot be claimed, unless the property is in

possession on or before 31-Mar-2017.

Photocopy of receipts issued by the Insurance Company, pertaining to current financial year (Apr
16 Mar 17)
Policy can be from any approved company by IRDA(Insurance Regulatory & Development Authority)
80C

HRA HSL Int Form attached

Maximum deduction is allowed under this scheme is Rs.1,50,000/per PPF Account

Counterfoil alone does not constitute as proof. Passbook is

mandatory

Maximum deduction is allowed under Sec-80C (including 80CCC) is Current year certificates do not qualify for interest benefit.
Rs.1,50,000/Should be submitted under NSC
NSC Interest declared will also be accounted as Other Income
and taxed

Certificates in the name of spouse, children and parents are

disallowed

Previous year certificates do not qualify. Should be submitted

Maximum deduction is allowed under Sec-80C (including 80CCC) is against NSC Interest only
Rs.1,50,000/Certificates in the name of spouse, children and parents are
disallowed

Page 4 of 8

Document

Proof Submission Guidelines 2016-2017

SECTIONS COMPONENT

80C

PROOF TO BE SUBMITTED

Photocopy of the certificate / bond issued by the scheduled bank should be of the current financial
year only (Apr 16 Mar 17)
Term deposits (Tax Saving Bond Only) for a minimum period of 5 years with a scheduled bank are
Fixed Deposit
in a Scheduled eligible for deduction
Bank
Policy should specify that benefit eligible u/s 80C. If not specified, letter from the bank specifying
the eligibility u/s 80C is required

TAX BENEFIT

FOLLOWING WILL BE DISALLOWED

Certificates in the name of spouse, children and parents are
disallowed

Maximum deduction is allowed under Sec-80C (including 80CCC) is

Payment Receipts or copy of cheque alone does not
Rs.1,50,000/constitute as proof. Photocopy of certificate / bond is
mandatory

Certificate should be in the name of individual (Self only)

Photocopy of Receipts / Statements pertaining to current financial year only (Apr16 Mar17)
80C

Receipt can be in the name of individual, spouse and children

Unit Linked
Insurance Plan Policy should specify that benefit eligible u/s 80C

Maximum deduction is allowed under Sec-80C (including 80CCC) is Future period benefits will not be provided, if declaration is
Rs.1,50,000/not submitted

Declaration for future months to be submitted

80C

Photocopy of Receipts / Statements pertaining to current financial year only (Apr16 Mar17)Specified funds only
Mutual Fund / Receipt should be in the name of individual (Self only)
ELSS
Policy should specify that benefit eligible u/s 80C
Declaration for future months to be submitted

80C

Children
Tuition Fees

Certificates in the name of spouse, children and parents are

Maximum deduction is allowed under Sec-80C (including 80CCC) is disallowed
Rs.1,50,000/Future period benefits will not be provided, if declaration is
not submitted

Photocopy of Receipts for tuition fees paid, pertaining to current financial year only (Apr16
Mar17)

Donations, Capitation fees, Computer fees, Uniform fee,

Sports fee etc., are not allowed
Photocopy of Receipts for term fees paid, pertaining to current financial year only (Apr16 Mar17) Maximum deduction is allowed under Sec-80C (including 80CCC) is
Rs.1,50,000/Only amount mentioned as Tuition Fee in the fee receipt will be considered for deduction
Future period benefits will not be provided, if declaration is
not submitted
Declaration for future months to be submitted
Eligible only if the employee is a Sr. Citizen. Sr.Citizen is >= 60 years, as per Income Tax Act

80C

Deposit under Certificate should be of the current financial year only (Apr16 Mar17)
Senior Citizens Certificate should specify that benefit eligible u/s senior citizen saving scheme
Saving Scheme

Maximum deduction is allowed under Sec-80C (including 80CCC) is

Certificate in the name of spouse / children disallowed
Rs.1,50,000/-

80C

Copy of the Receipt/certificate issued by the Post office

Five Yr Time
Certificate should be in the name of individual (Self only)
Deposit
Scheme in Post Time deposit for a period of 5 years with a post office is eligible for deduction.
Office

Certificates in the name of spouse, children and parents are

Maximum deduction is allowed under Sec-80C (including 80CCC) is
disallowed. Monthly recurring deposit with Post office is not
Rs.1,50,000/eligible for benefit

80C

80C

Housing
Principal
including
Registration/
Stamp Duty

Sukanya
Samrudhi
Scheme

Provisional certificate pertaining to current financial year (Apr16 Mar17) with breakup of interest
and principle from the Housing Finance Company / Bank.
In case of Joint loan, declaration specifying the % of benefit claimed by the individual
Maximum deduction is allowed under Sec-80C (including 80CCC) is Bank statement showing only EMI deduction will be
Rs.1,50,000/disallowed
Housing loan principle deduction through payroll will be considered. No proof required
Photocopy of Sale Deed and Stamp Duty Paid Receipt pertaining to current financial year (Apr16
Mar17)

Photocopy of receipts issued by the post office / authorised banks, pertaining to current financial
year (Apr 16 Mar 17)

Maximum deduction is allowed under Sec-80C (including 80CCC) is

Rs.1,50,000/-

Page 5 of 8

Late payment fees will not be considered

Previous Employment Details

Who is eligible?
Employees who has worked in any other company before joining the current company, within the financial year (Apr16 Mar17) and whose Date of Joining is after 1st April 2016
What is considered Previous Employer Income?
The Income after Sec 10 exemption is considered as Previous Employer Income. This includes all earnings earned till the Date of leaving for the current financial year (From Apr 16 onwards) including perquisites after deducting section 10 exemptions.
Proof to be submitted:
1. Photocopy of Form 16 affixed with seal & signature or Digital Signature or Final Tax computation sheet, from the previous employer along with a declaration in Form 12B duly signed by the employee.
2.The Income after Sec 10 exemption, Professional Tax / Provident Fund/ VPF and Income tax deducted, will be considered along with the current employment income, to arrive at net tax liability for the year 2016-2017.
3.Where the previous employer has granted Deductions for Investments made, including Housing Loan interest deduction / Other Income reported proofs will have to be re-submitted to the current employer along with the EPSF

Tax Treatment:
Previous employment income, as per supporting, will be accounted for computing the tax liability for the year. While generating the Form16, the previous employment details will be removed. This treatment is supported by the below circular from the IT
department. You are expected to consolidate multiple employment details, while filing your individual returns
As per circular F.No.SW/09/03/2002-DIT(S)-798 dated 13/4/04 issued by the Directorate of Income Tax (Systems)
Section 192(2) of Income Tax Act, 1961 allows an employee who had more than one employer in financial year to furnish details of his salaries and TDS from the first employer in Form 12B(supported by relevant proofs) to the second employer for
the purpose of deduction of correct tax at source by the second employer. The relevant provisions required that in such a case, the second employer may deduct tax at source at a lower rate and enclose Form 12B with his TDS returns. At present,
in the TDS return for salary i.e. Form No.24, there is no column for furnishing of particulars of salary received/tax deducted by the previous employer. Previously, the deductors used to furnish these details as a footnote in the TDS return. However,
this cannot be done in electronic TDS return, as data structure does not support provision of any footnote.The matter was referred to the CBDT. The CBDT has clarified that such problems can be resolved as under;
In cases of employees with more than one employer in a financial year, the deductor need to disclose only the salary paid and TDS made by him in the Form 24 being filed by him. In case this amounts to deduction at a lower rate, then he can
mention the words "12B' in the Remarks column of Form 24; and
Enclose Form 12B along with Form 27A, which the deductor is required to file along with his e-TDS return.

The circular clearly states that only current employers income and tax details should be shown in Form 24. Since Form 24 is an aggregation of Form 16s issued, Form 16 will display only the current employers income and tax. However, while computing the tax
liability for the full year, the previous employment income and tax will be accounted for. The same practice was followed Since FY 2005-06.

Following will be disallowed:

1) Only Form 12B submitted will not be considered

3) Tax computation with projections will not be considered

2) Only payslips will not be considered

5) Previous years Tax computations will not be considered

4) Tax computations of the current year only will be considered

Previous Employment Income / Tax

Previous
Employment
Income / Tax

Proofs to be submitted

Guidelines

Photo Copy of Form 16 or a signed / sealed tax computation sheet, from the previous employer
along with a declaration in Form 12B.

Only Form 12B submitted will not be considered.

(12b FORM ENCLOSED)

The income after Sec.10 exemption Professional tax/ PF/ VPF and
income tax deducted, will be factored along with the current
employemnt income, to arrive at net tax liability for the year 20162017
Where the previous employer has granted Deductions for
Investments made including Housing Loan Interest Deduction
-proofs of such investments will have to be re-submitted now with
EPF.
Treatment of Previous Employment Income

Employee has to submit Form 16, or a signed / sealed tax computation sheet, from the previous employer along with a declaration in Form 12B. Form 16 or the signed tax sheet from the
previous employer is mandatory. Only Form 12B submitted will not be considered
Previous employment income, as per supporting, will be accounted for computing the tax liability for the year. While generating the Form16, the previous employment details will be
removed. This treatment is supported by the below circular from the IT department.
As per circular F.No.SW/09/03/2002-DIT(S)-798 dated 13/4/04 issued by the Directorate of Income Tax (Systems
1. Section 192(2) of Income Tax Act, 1961 allows an employee who had more than one employer in financial year to furnish details of his salaries and TDS from the first employer in
Form 12B(supported by relevant proofs) to the second employer for the purpose of deduction of correct tax at source by the second employer. The relevant provisions required that in
such a case, the second employer may deduct tax at source at a lower rate and enclose Form 12B with his TDS returns.
2. At present, in the TDS return for salary i.e. Form No.24, there is no column for furnishing of particulars of salary received/tax deducted by the previous employer. Previously, the
deductors used to furnish these details as a footnote in the TDS return. However, this cannot be done in electronic TDS return, as data structure does not support provision of any
footnote
3. The matter was referred to the CBDT. The CBDT has clarified that such problems can be resolved as under

Page 6 of 8

a. In cases of employees with more than one employer in a financial year, the deductor need to disclose only the salary paid and TDS made by him in the Form 24 being filed by him.
In case this amounts to deduction at a lower rate, then he can mention the words "12B' in the Remarks column of Form 24; and
b. Enclose Form 12B along with Form 27A, which the deductor is required to file along with his e-TDS return.
The circular clearly states that only current employers income and tax details should be shown in Form 24. Since Form 24 is an aggregation of Form 16s issued, Form 16 will display only
the current employers income and tax. However, while computing the tax liability for the full year, the previous employment income and tax will be accounted for. The same practice
was followed in FY 2005-06.

PERQUISITE PER CALANDER MONTH [EFFECTIVE FROM 1ST OF APRIL 2016]

Sl No

Circumstances

Where the motor car is owned or hired by the employer and

Where Cubic Capacity of Engine Does on exceed 1.6 Litres

is used partly in the performance of duties and partly for private or personal purposes of his own or
any member of his household and(i) the expenses on maintenance and running are met or reimbursed by the employer;
Rs. 1,800 (plus Rs. 900, if chauffeur is also provided to run the
motor car)
2

Where the employee owns any other automotive conveyance but the actual running and
maintenance charges are met or reimbursed to him by the employer and
such reimbursement is for the use of vehicle partly for official purposes and partly for personal or
private purposes of the employee.

Subject to the provisions of clause (B) of this sub-rule, the actual

amount of expenditure incurred by the employer as reduced by the
amount of Rs. 900.

Page 7 of 8

Where cubic Capacity of Engine exceeds 1.6 litres

Rs. 2,400 (plus Rs. 900, if chauffeur is also provided to run

the motor car)

Section B

Chapter VI A

SECTION

Dependents Eligible for Tax Benefit

1 Medical Insurance

80D

Individual, Spouse, Children & Parents

2 Medical Treatment for Handicapped Dependent

80DD

Individual, Spouse, Children, Parents, Dependant Brothers & Sisters

3 Medical Treatment for Specified Disease

80DDB

Individual, Spouse, Children, Parents, Dependant Brothers & Sisters

4 Interest on Education Loan

80E

Individual, Spouse & Children

5 Deduction in respect of Rents Paid

80GG

Individual

6 Permanent Physical Disability including Blindness

80U

Individual

7 Interest on savings account

80TTA

Individual

8 Investment under National Pension Scheme

80CCD

Individual

9 Deduction in respect of interest on loan taken for residential House property

80EE

Individual

Section C

Section 80C/80CCE

SECTION

Dependents Eligible for Tax Benefit

10 Provident Fund - PF

80C

Individual

11 Voluntary Provident Fund - VPF

80C

Individual

12 Life Insurance - LIC

80C

Individual, Spouse & Children

13 Public Provident Fund - PPF

80C

Individual

14 National Savings Certificate - NSC

80C

Individual

15 Tuition Fees - TF

80C

Individual

16 Mutual Fund - MF

80C

Individual

17 Equity Linked Savings Scheme - ELSS

80C

Individual

18 Unit Linked Insurance Plan - ULIP

80C

Individual, Spouse & Children

19 5-Yr bank fixed deposits (FDs)

80C

Individual

20 Senior Citizen Savings Scheme 2004 (SCSS)

80C

Individual

21 5-Yr post office time deposit (POTD) scheme

80C

Individual

22 NABARD rural bonds

80C

Individual

23 Interest on NSC

80C

Individual

24 Stamp Duty & Registration Charges

80C

Individual

25 Home Loan Principal Repayment

80C

Individual

26 Sukanya Samrudhi Scheme

80C

Children

Section D

Housing Loan Details

SECTION

Dependents Eligible for Tax Benefit

27 Self Occupied Property

24

Individual

28 Let Out Property

24

Individual