When employees declare their investments and expenses to employers for tax benefits each financial year, a document called Form 12BB is at the core of the process. Employees in the taxable income ...

Investment declaration guide: With the onset of tax season, employees are required to declare their investments and expenses to their employers for hassle-free financial management and seeking tax ...

[maxbutton id="17" url="https://img.indiafilings.com/learn/wp-content/uploads/2018/04/Form-12BB.pdf" text="Download Form 12BB in PDF Format" ] Is it necessary to ...

Tax filing season is here and the Form 12BB is a tool which salaried employees use to declare their tax-saving instruments through Form 12BB at the beginning of each financial year. It is important to ...

Effective tax planning is essential for salaried individuals to optimize their advance income tax payments by the Income Tax Act 1961. Under this act, employers are tasked with applying Tax Deductions ...

As the tax season sets in, employees find themselves at the helm, steering through the complexities of investment declarations. This crucial financial exercise not only ensures seamless financial ...

Salaried employees should review Form 12BB by January to avoid higher TDS, ensure accurate Form 16 reporting, and fully claim tax-saving deductions.

Since there was no standard format required by salaried employees to disclose their investment details to their employers, each employer had to submit proof for each investment made in the year. The ...

Income Tax Department recently launched new Form 12BB. This is the single form to declare HRA, LTA, Section 80, and interest paid on home loans under Sec.24 of IT Act. All salaried know that at the ...

For tax deducted on salaries , the employer has to issue Form 16 to the employees. The form was modified vide Notification 41/2010 dated 31.05.2010 Gross Salary Rs. (a) Salary as per provisions ...

Income tax department has released new Form No 12BB for the information on LTA (Leave Travel Allowance), HRA (House Rent Allowance) and Interest paid on home loans. The main purpose of this form is to ...