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Furnishing of evidence of claims by employee in Form 12BB

Employees have to Furnish  Evidence of Claims in Form 12BB for Salary TDS

 

CBDT vide its Notification No. 30/2016-Income Tax dated 29-04-2016 has inserted new income tax rule 26C which requires every employee to furnish evidences of claims/deductions for salary TDS purpose in FORM 12BB. Following are the evidences prescribed for claims/deductions:

 

Sl. No

Nature of claims

Evidence or particulars

(1)

(2)

(3)

1.

House Rent Allowance. Name, address and permanent account number of the landlord/landlords where the aggregate rent paid during the previous year exceeds rupees one lakh.

2.

Leave travel concession or assistance. Evidence of expenditure.

3.

Deduction of interest under the head “Income from house property”. Name, address and permanent account number of the lender.

4.

Deduction under Chapter VI-A. Evidence of investment or expenditure.”.

Further, the Notification also prescribed new due date of furnishing TDS returns which are as under:

Sl. No.

Date of ending of quarter of financial year

Due date

(1)

(2)

(3)

1.

30th June 31st July of the financial year

2.

30th September 31st October of the financial year

3.

31st December 31st January of the financial year

4.

31st March 31st May of the financial year immediately following the financial year in which the deduction is made”.

 

 

 

 

 

“FORM NO.12BB

(See rule 26C)

Statement showing particulars of claims by an employee for deduction of tax under section 192

1. Name and address of the employee:

2. Permanent Account Number of the employee:

3. Financial year:

Details of claims and evidence thereof

Sl. No. Nature of claim Amount(Rs.) Evidence / particulars
(1) (2) (3) (4)
1. House Rent Allowance:(i) Rent paid to the landlord

(ii) Name of the landlord

(iii) Address of the landlord

(iv) Permanent Account Number of the landlord

Note: Permanent Account Number shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees

2. Leave travel concessions or assistance
3. Deduction of interest on borrowing:(i) Interest payable/paid to the lender

(ii)Name of the lender

(iii) Address of the lender

(iv) Permanent Account Number of the lender

(a) Financial Institutions(if available)

(b) Employer(if available)

(c) Others

4. Deduction under Chapter VI-A(A) Section 80C,80CCC and 80CCD

(i) Section 80C

(a) ……………..

(b) ……………..

(c) ……………..

(d) ……………..

(e) ……………..

(f) ……………..

(g) ……………..

(ii) Section 80CCC

(iii) Section 80CCD

(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.

(i) section……………….

(ii) section……………….

(iii) section………………

(iv) section……………….

(v) section……………….

Verification

I,…………………..,son/daughter of……………………….. do hereby certify that the information given above is complete and correct.
Place………………………………………….
Date…………………………………………… (Signature of the employee)
Designation ……………………………….…. Full Name:………………”;