Guidelines for Proof Of Investment To Be Submitted For Income Tax

Sr. No. 1 Nature of Proof House Rent Paid (Exemption u/s 10) Proof required Copy of Rent Agreement and Original Rent Receipts for current F.Y. If rent paid in cash, Required rent receipts with Revenue Stamp & Signature Incase of annual rent paid by the employee exceeds Rs. 1,80,000/- , it is mandatory to report PAN of the landlord. If the landlord does not have a PAN, required declaration Form for the same from landlord. (Form attached) If employee want to claim for exemption of House Rent & Deduction of Interest on Hsg. Loan, the exemption is allowed on below conditions: 1. Allowed if location of employment & location of house property are different 2. If locations are same, only one benefit can be claimed 2 Housing Loan Interest / Principle (Interest - Exemption u/s 24B) (Principal - Exemption u/s 80C ) Copy of the provisional certificate from the finance institutions / Bank and possession letter of property. 1. The certificate should be for the Current financial year. 2. Housing Loan with Co-Applicant,declaration Form required (Form Attached) 3. Possession Letter should be submitted, if the house property has been acquired during this financial year i.e. from 01.04.2012 to 31.03.2013 . If the property is acquired prior to 01.04.2012 and availed exemption till last year then it is not mandatory to submit the Possession Letter. 4. In case you are going to claim both the benefits of HRA and Housing Loan the benefit of HRA would be passed on only till the date of possession of house property, if both the properties are situated in the same place. Copy of receipt of premium paid required (Refer Note 1&2). Service tax, other charges and late payment charges are not eligible for deduction. The payment of aforesaid premium required to be paid by any mode other than cash. 1. If Parent not Covered then 15000/- Exemption 2. If Parent Covered & they are Not Senior Citizen then 30000/- exemption 3. If Parent Covered & they y are Senior Citizen then 30000// exemption p Copy of Loan Statement of from Bank for current FY. The document should clearly state the bifurcation of Interest and Principle repayment as only Interest repayment has benefit under this Section. 1. Part time educational courses are not valid for exemption. 2. Deduction for interest paid on loan taken for pursuing his / his Spoce & Childrens higher education 3. Meaning of higher education has been enlarged to cover all post schooling courses Copy of Certificate No. 10 (I) issued by the Govt. Medical Authority and the bills/receipt stating the actual expenditure made for the treatment of the specified disease or the certificate should include the same. 1. If petiont Not Senior Citizon - Amount of deduction is Rs. 40000/- or actual Expenditure incurred which ever is Less. 2. If petiont Senior Citizon - Amount of deduction is Rs. 60000/- or actual Expenditure incurred which ever is Less. 3. Eligible for Self, Spoce, Children & Parents Required Photocopy of Certificate No. 10 (IA) issued by the Govt. Medical Authority. 1. If Handicapped Dependent Exemption of Rs. 50000/2. If Handicapped Dependent with Sever disability (more than 80%) Exemption of Rs. 1,00,000/ Required Photocopy of Certificate No. 10 (IA) issued by the Govt. Medical Authority. 1. If Physically Handicapped Exemption of Rs. 50000/2. If Physically Handicapped with Sever disability (more than 80%) Exemption of Rs. 1,00,000/8 Equity Saving Scheme (Exemption u/s 80CCG) The deduction under this section is available if following conditions are satisfied: 1. Gross Total income does not exceeds Rs. 10 Lakhs 2. Rajiv Gandhi Equity Saving Scheme (RGESS) is being notified for the purpose of this deduction 9 PPF (Exemption u/s 80C) Photocopy of the counterfoil given by the bank at the time of making payment or passbook copy. Payment made for current F.Y. is Eligible for deduction. 1. PPF can be in the name of individual, spouse & children 2. Maximum contribution allowed under this scheme is Rs.1,00,000/-

Medical Insurance premium (Exemption u/s 80D)

Education Loan (Exemption u/s 80E)

Treatment of Specified Disease (Exemption u/s 80DDB)

Handicapped Dependent (Exemption u/s 80DD)

Physically Handicapped (Exemption u/s 80U)

Guidelines for Proof Of Investment To Be Submitted For Income Tax

Sr. No. Nature of Proof Proof required Photocopy of Certificate or the counterfoil given by the post office at the time of paying the amount. If NSC is in joint name then declaration required from second holder. 1. NSC purchase for current F.Y. is Eligible for deduction. Photocopy of all the NSC certificates for which interest is being claimed. (Ref. Note 5) 1. NSC interest declared will also be accounted as Other Income for tax purpose Photocopy of receipt of payment received from the Life Insurance Company. (Ref. Note. 1 & 2). Other charges and late payment charges are not eligible for deduction. Photocopy of receipts of investment

10 National Saving Certificate (Exemption u/s 80C) 11 NSC Accrual Interest (Exemption u/s 80C) 12 Life Insurance premium (80C) 13 Tax Saving Shares/Bond (80C) 14 Pension Plan (80C) 15 Tuition Fees (80C)

Photocopy of receipt of premium (Refer Note 1 & 2). Copy of receipt of actual tuition fees paid issued by the educational institutions clearly stating the amount being paid as tuition fees. 1. Tuition Fees for Full time education only (Term Fee, Computer fees, Tuition fees & library fees) 2. Donations, Capitation fess, Transport, Development Fee etc are not allowed

16 Mutual Fund (80C) 17 ULIP (80C) 18 Fixed Deposit (80C) Stamp Duty & Registration 19 Charges (80C) Post Office Time Deposit Scheme 20 (80C)

Photocopy of Receipt of Investment (Refer Note 4) Photocopy of receipt of premium (Refer Note 1)

Fixed deposit certificate from a Nationalised or Scheduled bank. Receipt should contained specific clause of IT deduction u/s 80 C. (For the period not less than 5 yrs) Stamp Duty & Registration fees paid at the time of purchases of new house property only, Xerox copies of the same are required. Copy Index II & Registration Certificate required. Photocopy of post office pass book

21 LTA Exemption (u/s 10)

LTA can be exempted upto actual expenses incurred. Only Individual (Employee), Spouse, Children and any dependant parent are considered. Exemption can be claimed only Twice in a 4 years block; current block is from Jan. 2010 to Dec. 2013. For claiming LTA exemption original actual bill, Boarding Passes & payment receipt both are documents are required along with Locations, Name and age of the travelers. Medical Bills can be exempted upto Rs. 15000/- PA or actual Medical bills submitted. The original medical bills required for Medical exemption. Only Individual (Employee), Spouse, Children and any dependant parent are considered.

22 Medical Bills (u/s 10)

Important Note:1 In case the due date of any insurance premium is after submission of proof than pls. Attach previous years/ last quarter receipts for authentication. Proposal Deposit receipts will not be accepted in case of insurance/pension/mediclaim policies. Tax Benefit for donations given in personal capacity need to be claimed while filing the tax returns. In the case of Mutual fund investment under Systematic Investment Plan, the installments for the month of Feb and March will be considered based on the payments till 10th Jan. as per the documents submitted (the documents should clearly specify that scheme has been availed). 5 6 NSC Accrued interest will show as income and also as deduction under Section 80 C. All the Documents to be enclosed as per the Sr. No along with Actual Investment Proof Form.

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