IT Proofs Declaration f.y 13-14
Content
IT -U/S 10
Particulars House Rent Allowance
80D
Medical Insurance
80E
Interest on Education Loan
24
Interest on Home Loan
80C
Pension Policy
80C
Life Insurance Premium
80C
Public Provident Fund
80C
NSC Interest
80C
Fixed Deposit in the Scheduled Bank
80C
ULIP, Mutual Funds/ELSS, Infrastructure Bond,NSC,Postal Bond,NSC,Postal Deposits
80C
Children Education fees
80C
Deposit under Senior Citizen Saving Scheme
80C
Five year term deposit scheme in Post Office
80C
Housing Principle Repayment and Registration/Stamp Registration/Stamp Duty Payment
Notes for proofs to be submitted for F:Y-2013-14
Description Allowance when the Employee is stayed in the Rented Accommodation Maximum Deduction allowed is limited to Rs.15000 for Employee, S pouse&Children, Additional benefit of Rs.15000 incase of mediclaim premium paid for policy of parents below 65-years and Rs.20000 each incase employee and his parents are aged above 65years. Loan Taken for Higher Education such as MBA, Engineering etc by the Employee/Children, Loan availed from banks or financial institution, Actual interest paid by the Employee is allowed as deduction, there is no limit for this deduction, Interest paid for First 8-years only is eligible.
Loan taken on Self-Occupied house property, Maximum amount of deduction allowed is payment of interest of Rs.1,50,000. Loan taken on Let-out property No-limit on interest & Income from such property is also to be Considered,The benefit of deduction is applicable only after occupancy of the house and Pre-EMI interest(EMI paid before occupation of the house) is deductable in 5-Equal installments starting from the year when the construction is completed or property is acquired., In case of Jointly availed property loan, the employee to declare only the amount paid by Him/Her., In case of self-occupied property, employee cannot claim both HRA exemption as well as loss from house property where the property is i n the same city. Policy from any approved company by IRDA, Late payment fees will not be considered as premium paid, Policy should be in the name of the Employee,Spouse & Children. Policy from any approved company by IRDA, Late payment fees will not be considered as premium paid, Policy should be in the name of the Employee,Spouse & Children. Provident fund can be in the name of Employee,Spouse and Children, Maximum contribution allowed is up to Rs.70,000.
NSC interest declared will also to be accounted as "Other Income"
Term deposits for a minimum period of 5-Years with Scheduled bank
Only amount mentioned as 'Tuition Fee' in the fee receipt will be c onsidered. Receipts for CurrentYear(Apr to Mar)
Amount deposited under senior citizen saving scheme only will be considered.
Time deposit for a period of 5-years with a post-office is eligible for deduction.
Proofs to be Submitted 12 months Original Rent Receipts
Photocopy of receipt issued by the Insurance company. Certificate from the Bank/Financial Institution specifying the:-The Loan is an Education Loan & Amount of Interest paid on the Loan is the Current-Year.
Provisional Certificate from the Housing Finance company/Bank stating the:-The Amount of interest to be paid during the financial year. The amount of Pre-EMI Interest paid. Photocopy of Premium receipt issued by the Insurance company. Photocopy of Premium receipt issued by the Insurance company. Photocopy of Stamped Challan or PPF Passbook providing investment made. Photocopy of all certificates for which interest is being claimed and Calculation of Interest Photocopy of the receipt/certificate issued by the Scheduled bank(ULIP, Mutual Funds/ELSS, Infrastructure Bond,NSC,Postal Deposits Copies of Receipts/Statements/Bonds/Certificates issued by respective authority/company proving investment made in the current year. Receipts issued by the school,college,university or educational institute. Copies of Receipts of amount deposited proving the investment made in the current year only. Copy of Receipt/Certificate from the Financial institute/Bank stating the amount of principle repayment. Provisional Certificate from Financial Institute/Bank stating the Amount of principle Repayment, Photocopy of Sale Deed and Stamp Duty paid receipt.
COMPUTATION OF INCOME/(LOSS) FROM HOUSE PROEPRTY Name: Employee ID PAN No ocat on F.Y:2013-14
01.04.2013
31.03.2014
Adress of the Property
Particulars
Amount Rs.
Remarks
Gross Annual Value -> A Less:Muncipal Taxes Actually Paid during the year 2008 - 09 -> B
Proof attached
Net Annual Value -> C=A-B
-
Standard Deduction 30% of Net Annual Value(C*30%) -> D
-
Interest on Borrwed Capital ->E
Proof attached
INCOME/(LOSS) ->F=C-D-E
-
DECLARATION
I here with declare that the above mentioned information provided by me is true and correct.I also undertake to indemnify Vag Valves (India) Private Limited for the consequences, costs, expenses, liabilties whatsoever may be arising at any time with regard to this.
Place: Date:
Signature of the employee
Particulars House Rent Allowance
80D
Medical Insurance
80E
Interest on Education Loan
24
Interest on Home Loan
80C
Pension Policy
80C
Life Insurance Premium
80C
Public Provident Fund
80C
NSC Interest
80C
Fixed Deposit in the Scheduled Bank
80C
ULIP, Mutual Funds/ELSS, Infrastructure Bond,NSC,Postal Bond,NSC,Postal Deposits
80C
Children Education fees
80C
Deposit under Senior Citizen Saving Scheme
80C
Five year term deposit scheme in Post Office
80C
Housing Principle Repayment and Registration/Stamp Registration/Stamp Duty Payment
Notes for proofs to be submitted for F:Y-2013-14
Description Allowance when the Employee is stayed in the Rented Accommodation Maximum Deduction allowed is limited to Rs.15000 for Employee, S pouse&Children, Additional benefit of Rs.15000 incase of mediclaim premium paid for policy of parents below 65-years and Rs.20000 each incase employee and his parents are aged above 65years. Loan Taken for Higher Education such as MBA, Engineering etc by the Employee/Children, Loan availed from banks or financial institution, Actual interest paid by the Employee is allowed as deduction, there is no limit for this deduction, Interest paid for First 8-years only is eligible.
Loan taken on Self-Occupied house property, Maximum amount of deduction allowed is payment of interest of Rs.1,50,000. Loan taken on Let-out property No-limit on interest & Income from such property is also to be Considered,The benefit of deduction is applicable only after occupancy of the house and Pre-EMI interest(EMI paid before occupation of the house) is deductable in 5-Equal installments starting from the year when the construction is completed or property is acquired., In case of Jointly availed property loan, the employee to declare only the amount paid by Him/Her., In case of self-occupied property, employee cannot claim both HRA exemption as well as loss from house property where the property is i n the same city. Policy from any approved company by IRDA, Late payment fees will not be considered as premium paid, Policy should be in the name of the Employee,Spouse & Children. Policy from any approved company by IRDA, Late payment fees will not be considered as premium paid, Policy should be in the name of the Employee,Spouse & Children. Provident fund can be in the name of Employee,Spouse and Children, Maximum contribution allowed is up to Rs.70,000.
NSC interest declared will also to be accounted as "Other Income"
Term deposits for a minimum period of 5-Years with Scheduled bank
Only amount mentioned as 'Tuition Fee' in the fee receipt will be c onsidered. Receipts for CurrentYear(Apr to Mar)
Amount deposited under senior citizen saving scheme only will be considered.
Time deposit for a period of 5-years with a post-office is eligible for deduction.
Proofs to be Submitted 12 months Original Rent Receipts
Photocopy of receipt issued by the Insurance company. Certificate from the Bank/Financial Institution specifying the:-The Loan is an Education Loan & Amount of Interest paid on the Loan is the Current-Year.
Provisional Certificate from the Housing Finance company/Bank stating the:-The Amount of interest to be paid during the financial year. The amount of Pre-EMI Interest paid. Photocopy of Premium receipt issued by the Insurance company. Photocopy of Premium receipt issued by the Insurance company. Photocopy of Stamped Challan or PPF Passbook providing investment made. Photocopy of all certificates for which interest is being claimed and Calculation of Interest Photocopy of the receipt/certificate issued by the Scheduled bank(ULIP, Mutual Funds/ELSS, Infrastructure Bond,NSC,Postal Deposits Copies of Receipts/Statements/Bonds/Certificates issued by respective authority/company proving investment made in the current year. Receipts issued by the school,college,university or educational institute. Copies of Receipts of amount deposited proving the investment made in the current year only. Copy of Receipt/Certificate from the Financial institute/Bank stating the amount of principle repayment. Provisional Certificate from Financial Institute/Bank stating the Amount of principle Repayment, Photocopy of Sale Deed and Stamp Duty paid receipt.
COMPUTATION OF INCOME/(LOSS) FROM HOUSE PROEPRTY Name: Employee ID PAN No ocat on F.Y:2013-14
01.04.2013
31.03.2014
Adress of the Property
Particulars
Amount Rs.
Remarks
Gross Annual Value -> A Less:Muncipal Taxes Actually Paid during the year 2008 - 09 -> B
Proof attached
Net Annual Value -> C=A-B
-
Standard Deduction 30% of Net Annual Value(C*30%) -> D
-
Interest on Borrwed Capital ->E
Proof attached
INCOME/(LOSS) ->F=C-D-E
-
DECLARATION
I here with declare that the above mentioned information provided by me is true and correct.I also undertake to indemnify Vag Valves (India) Private Limited for the consequences, costs, expenses, liabilties whatsoever may be arising at any time with regard to this.
Place: Date:
Signature of the employee
