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Section A
Section B
Particulars of Deduction U/S 80C. (Max exemption Rs.100000/Per annum)
Amount updated in Section - D (Income/Loss from House
Property) will over write the existing record for the Financial Year
Please note below points before updating the
Attach latest original (or self certified) monthly rent paid receipt of the current financial year
Rent receipt for the last financial year will not be accepted
Rental agreements & photocopy of rent receipt will not be considered for HRA exemption
Rent Receipt should contain the following details:
- Receipt no. & date, Monthly amount of RENT paid, rent for the month of, Address of the rented property, Name, address of property
owner. The rent receipt should contain the PAN number of the landlord in case of monthly rental value exceeds Rs. 8333.33
Affix Revenue Stamp (if applicable as per State legislation)
1. Details of rent paid for claiming HRA exemption(Sec
10(13A)
Guidelines For Submission Of Income Tax Declaration
Amount updated in Section - A (HRA exemption) will over write
the existing record for the Financial Year
Amount updated in Section - B (U/S 80C) will get added in the
already declared amount except 'Housing Loan Principal'. Loan
Principal amount will over write the existing amount already
declared for the Financial Year.
Amount declared under 'Accrued Interest on NSC' will get
added in the existing record as well as under Income from Other
Sources'.
In case premium is not due at the time of submission of tax proof, submit copy of latest paid premium receipt
1. LIC PREMIUM RECEIPT/UNIT LINKED INVESTMENT
PLAN / PENSION PLAN (80C)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Insurance Premium in excess of 20% of sum assured will not qualified for exemption
Proposal investments would not be considered for tax deduction
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit copy of investment made during the current financial year in Tax Saving Term Deposit
Term Deposit principal amount and maturity date to be mentioned in the document/ certificate
Provisional Certificate of the current financial year is mandatory for loan availed from Bank through Siemens
Possession letter/ Occupancy Proof (EB Bill, BSNL telephone bill, Ration Card, Property Tax receipt etc.,) has to be submitted if claiming
the exemption for 1st time at SIEMENS
Sale Deed is mandatory to claim exemption on Housing Loan for the resale property
Proposal deposit receipt/ Payment Schedule/policy calendar/bank statement will not be accepted
Last to last year paid receipt will not be accepted for benefit in the current financial year
Mention policy no., payment frequency, relationship and annual amount paid as premium in the investment declaration form
Submit copy of challan / remittance receipt/ Pass Book first page copy with latest paid statement issued along with the PPF account
number
Submit copy of banker provisional certificate for repayment of Principal & Interest for the current financial year
2. PUBLIC PROVIDENT FUND (PPF) (80C)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year. The
maximum amount can be invested is Rs.100,000/- p.a. in any financial year
Only actual investments made in the current financial year would be considered for tax deduction.
Stamp duty & registration fee paid in current financial year can be claimed towards Housing loan principal exemption.
3. TAX SAVING TERM DEPOSIT WITH SCHEDULED
BANK (5 YEARS OR MORE)
4. REPAYMENT OF HOUSING LOAN PRINCIPAL
5. MUTUAL FUNDS/ EQUALITY LINKED SAVINGS
SCHEME
In case of jointly acquired property, please submit the co-applicant declaration for the current financial year. (The format of the declaration
has been in given in the file attached in Section D-Housing loan interest)
The benefit may be availed for SELF or SPOUSE or CHILDREN if payment has been paid by the employee during the financial year
Only actual investments made in the current financial year would be considered for tax deduction.
Submit NSC certificate copy to claim interest on NSC benefit
Section C
Section D
Section E
Only Full Time Tuition Fee/School Fee/Term Fee component is allowed for exemption u/s 80C. Exemption is available only for Children's
(Not for Self/Spouse/Siblings)
Tuition fee exemption is limited to first 2 children of the assessee.
7. NATIONAL SAVINGS CERTIFICATE- Purchase
8. Accrued interest on NSC (80C)
Children details should be available in SAP to consider tuition fee for tax exemption
Private tuition fee/ Skill Coaching fees/ Distance Education/Part Time will not be considered for exemption
Other fees paid apart from Tuition fees would not be considered for tax exemption
9. Post Office Saving Scheme
5. MUTUAL FUNDS/ EQUALITY LINKED SAVINGS
SCHEME
6. TUITION FEE
1. RAJIV GANDHI EQUAITY SAVINGS SCHEME
The Investor can avail exemption of 50 per cent deduction in the invested amount
Submit receipt for the current financial year to avail the exemption
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit certificate of purchase of the current financial year to avail the exemption
At least one year has to be completed from the date of purchase to avail exemption on interest received.
NSC interest earned shall also be included in income from other sources
Sale Deed is mandatory if Interest on Housing Loan is declared for the resale property
Folio number/Account number and paid amount per month must be declared in the investment declaration form
Only 5years postal recurring deposit shall be considered
Only current financial year invest amount shall be considered
Submit passbook first page copy with latest paid statement copy to claim exemption
This Scheme allows an individual, with annual income up to Rs 10 lakh
The Maximum amount of Investment is Rs 50,000 and Maximum exemption is Rs.25,000
Provisional Certificate for the Pre-EMI period to be submitted to avail exemption on Pre-EMI interest.
In case of jointly acquired property, please submit the declaration for the current financial year. (The format of the declaration has been in
given in the file attached)
Loan sanctioned by the financial institutions after 1st April 2013
The additional interest exemption of Rs. 100000 (over and above existing Rs.1,50,000) is only for first year & first home loan.
The value of the property should not exceed Rs. 40 lakhs.
Submit copy of banker provisional certificate for repayment of Principal & Interest for the current financial year
Submit the computation of Loss or Profit from house property in the format attached in Col. E
Provisional Certificate of the current financial year is mandatory for loan availed from Bank through Siemens
If exemption is claimed for HRA and Interest on housing loan for same location, submit Computation of Loss/ Profit from House Property
form and declare purchased property as Let Out or Deemed to be Let Out with the rental income derived from the property.
Possession letter/ Occupancy Proof (EB Bill, BSNL telephone bill, Ration Card, Property Tax receipt etc.,) has to be submitted if claiming
the exemption for 1st time at SIEMENS
Only actual premium on medical insurance made in the current financial year would be considered for tax exemption.
Exemption would not be provided, if the payment is made through Cash
1. MEDICAL INSURANCE (80D)
2. Preventive health check up (self & family/parents)
Please note the maximum exemption U/S 80EE is Rs.100000, if the same is not utilized to the full extent in FY 2013-14 the balance
unclaimed amount can be claimed in current FY 2014-15.
1. Housing Loan interest
Declaration should be provided only for the Medical Insurance Policy taken outside Siemens.
Policy may be in the name of self, spouse & children or dependant parents
Deduction made from salary towards Dependant Parents Medical Insurance would be considered for tax exemption. No declaration/ Proofs
required.
Pre-EMI declaration form to be submitted in case of declaration of Pre-EMI interest for tax exemption.
Original current financial year medical bills must be submitted
Only preventive health check up bills must be submitted, general medical bills/ consultation fees shall not be considered
Maximum exemption is Rs.5000 for self & family/parents per annum
Deduction for preventive health check-up of up to Rs 5,000 is included under the overall limit of Rs 15,000 or Rs 20,000 for self & family or
parents respectively
Tuition fee paid for self/spouse/dependents (Brother/Sister) shall not be considered.
The loan amount should not exceedRs. 25 lakh.
Employee salary must have Education Allowance component to claim child education allowance
3. DEDUCTION IN CASE OF DISABILITY -SELF (80U) /
MEDICAL TREATMENT ON HANDICAPPED
DEPENDENTS (80DD)
Eligibility: Self, Spouse, Children, Parents, Brothers and Sisters
Photocopy of certificate issued by Government medical authority (Form 10-IA). Declaration without Certificate will not be considered
SELF cannot claim exemption on both 80U and 80DD
Exemption for Professional Tax is also available in case of Permanent disability
Loan availed for part time education or skill enhancement will not be considered for tax exemption.
Loan taken towards higher education of Self, Spouse and children are considered provided the assesse is the legal guardian/co applicant
The deduction will be available for a max period of 8 years or till the interest is paid , whichever is earlier.
Submit banker's certificate for the current financial year
Loan taken for full time higher studies, should be in the name of the assessee. The benefit will be available only for Interest paid during the
financial year.
4. INTEREST BENEFIT OF EDUCATION LOAN (80E)
Bills should be in the name of Self/ Spouse/ Children/ Dependant Parents
Cosmetic/Consumer/toiletries/Health Drinks/goggles not considered
1. MEDICAL BILLS EXEMPTION
In block of four years (01.01.2014 to 31.12.2017) two LTA (journeys) are taxable and two are exempted. Please tick appropriately
Exemption available for Rs.100/- p.m. per child, max up to two children.
Child details should be updated in SAP to avail exemption on Children Education Allowance
5. EXEMPTION FOR EDUCATIONAL ALLOWANCE FOR
CHILDRENS (10 (14))
Original medical bills of the current Financial Year are required to be submitted
Spectacle frames will not be considered. Only expenditure on lens would be considered on submission of Doctor's prescription
Employees who have Car under the scheme should fill the attached form and submit along with necessary original supporting bills /
receipts
Without attaching any proofs, RCARE exemption will not be granted
Expenses incurred in the current financial year will only be considered for tax exemption.
Drivers salary / Allowance are not considered for exemption
Travel outside India is not covered for tax exemption.
In case of travel to multiple destinations, 1st AC train fare would be considered for the farthest distance travelled by the shortest route.
Refer to the guidelines given in the LTA Exemption Form
Only first declaration submitted by the employee will be considered. Documents will not be returned for incorporating changes.
Exemption can be availed for travel performed Self/ Spouse/ Children/ Dependant Parents/ Dependant Siblings up to 21 years. Self travel
is mandatory to claim exemption.
Flight travel, original boarding pass/travel certificate are mandatory to claim LTA exemption
Guidelines For Submission Of Income Tax Exemption
INCOME OF PREVIOUS EMPLOYER IN FORM 12B
Employees who have joined during the current financial year may submit their income & details of tax deducted in the attached Form 12B
along with the tax computation details from your previous employer
Attestation (Seal and Signature) of previous employer tax report is mandatory
In case tax has been deducted during the year, please enclose a certificate issued under section 203.
Incomplete form will not be accepted for LTA exemption
2. LTA EXEMPTION
3. RCARE EXEMPTION
Particulars of Deduction U/S 80C. (Max exemption Rs.100000/Per annum)
Attach latest original (or self certified) monthly rent paid receipt of the current financial year
Rent receipt for the last financial year will not be accepted
Rental agreements & photocopy of rent receipt will not be considered for HRA exemption
Rent Receipt should contain the following details:
- Receipt no. & date, Monthly amount of RENT paid, rent for the month of, Address of the rented property, Name, address of property
owner. The rent receipt should contain the PAN number of the landlord in case of monthly rental value exceeds Rs. 8333.33
Affix Revenue Stamp (if applicable as per State legislation)
Guidelines For Submission Of Income Tax Declaration
In case premium is not due at the time of submission of tax proof, submit copy of latest paid premium receipt
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Insurance Premium in excess of 20% of sum assured will not qualified for exemption
Proposal investments would not be considered for tax deduction
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit copy of investment made during the current financial year in Tax Saving Term Deposit
Term Deposit principal amount and maturity date to be mentioned in the document/ certificate
Provisional Certificate of the current financial year is mandatory for loan availed from Bank through Siemens
Possession letter/ Occupancy Proof (EB Bill, BSNL telephone bill, Ration Card, Property Tax receipt etc.,) has to be submitted if claiming
the exemption for 1st time at SIEMENS
Sale Deed is mandatory to claim exemption on Housing Loan for the resale property
Proposal deposit receipt/ Payment Schedule/policy calendar/bank statement will not be accepted
Last to last year paid receipt will not be accepted for benefit in the current financial year
Mention policy no., payment frequency, relationship and annual amount paid as premium in the investment declaration form
Submit copy of challan / remittance receipt/ Pass Book first page copy with latest paid statement issued along with the PPF account
number
Submit copy of banker provisional certificate for repayment of Principal & Interest for the current financial year
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year. The
maximum amount can be invested is Rs.100,000/- p.a. in any financial year
Only actual investments made in the current financial year would be considered for tax deduction.
Stamp duty & registration fee paid in current financial year can be claimed towards Housing loan principal exemption.
In case of jointly acquired property, please submit the co-applicant declaration for the current financial year. (The format of the declaration
has been in given in the file attached in Section D-Housing loan interest)
The benefit may be availed for SELF or SPOUSE or CHILDREN if payment has been paid by the employee during the financial year
Only actual investments made in the current financial year would be considered for tax deduction.
Submit NSC certificate copy to claim interest on NSC benefit
Only Full Time Tuition Fee/School Fee/Term Fee component is allowed for exemption u/s 80C. Exemption is available only for Children's
(Not for Self/Spouse/Siblings)
Tuition fee exemption is limited to first 2 children of the assessee.
Children details should be available in SAP to consider tuition fee for tax exemption
Private tuition fee/ Skill Coaching fees/ Distance Education/Part Time will not be considered for exemption
Other fees paid apart from Tuition fees would not be considered for tax exemption
The Investor can avail exemption of 50 per cent deduction in the invested amount
Submit receipt for the current financial year to avail the exemption
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit certificate of purchase of the current financial year to avail the exemption
At least one year has to be completed from the date of purchase to avail exemption on interest received.
NSC interest earned shall also be included in income from other sources
Sale Deed is mandatory if Interest on Housing Loan is declared for the resale property
Folio number/Account number and paid amount per month must be declared in the investment declaration form
Only 5years postal recurring deposit shall be considered
Only current financial year invest amount shall be considered
Submit passbook first page copy with latest paid statement copy to claim exemption
This Scheme allows an individual, with annual income up to Rs 10 lakh
The Maximum amount of Investment is Rs 50,000 and Maximum exemption is Rs.25,000
Provisional Certificate for the Pre-EMI period to be submitted to avail exemption on Pre-EMI interest.
In case of jointly acquired property, please submit the declaration for the current financial year. (The format of the declaration has been in
given in the file attached)
Loan sanctioned by the financial institutions after 1st April 2013
The additional interest exemption of Rs. 100000 (over and above existing Rs.1,50,000) is only for first year & first home loan.
The value of the property should not exceed Rs. 40 lakhs.
Submit copy of banker provisional certificate for repayment of Principal & Interest for the current financial year
Submit the computation of Loss or Profit from house property in the format attached in Col. E
Provisional Certificate of the current financial year is mandatory for loan availed from Bank through Siemens
If exemption is claimed for HRA and Interest on housing loan for same location, submit Computation of Loss/ Profit from House Property
form and declare purchased property as Let Out or Deemed to be Let Out with the rental income derived from the property.
Possession letter/ Occupancy Proof (EB Bill, BSNL telephone bill, Ration Card, Property Tax receipt etc.,) has to be submitted if claiming
the exemption for 1st time at SIEMENS
Only actual premium on medical insurance made in the current financial year would be considered for tax exemption.
Exemption would not be provided, if the payment is made through Cash
Please note the maximum exemption U/S 80EE is Rs.100000, if the same is not utilized to the full extent in FY 2013-14 the balance
unclaimed amount can be claimed in current FY 2014-15.
Declaration should be provided only for the Medical Insurance Policy taken outside Siemens.
Policy may be in the name of self, spouse & children or dependant parents
Deduction made from salary towards Dependant Parents Medical Insurance would be considered for tax exemption. No declaration/ Proofs
required.
Pre-EMI declaration form to be submitted in case of declaration of Pre-EMI interest for tax exemption.
Original current financial year medical bills must be submitted
Only preventive health check up bills must be submitted, general medical bills/ consultation fees shall not be considered
Maximum exemption is Rs.5000 for self & family/parents per annum
Deduction for preventive health check-up of up to Rs 5,000 is included under the overall limit of Rs 15,000 or Rs 20,000 for self & family or
parents respectively
Tuition fee paid for self/spouse/dependents (Brother/Sister) shall not be considered.
The loan amount should not exceedRs. 25 lakh.
Employee salary must have Education Allowance component to claim child education allowance
Eligibility: Self, Spouse, Children, Parents, Brothers and Sisters
Photocopy of certificate issued by Government medical authority (Form 10-IA). Declaration without Certificate will not be considered
SELF cannot claim exemption on both 80U and 80DD
Exemption for Professional Tax is also available in case of Permanent disability
Loan availed for part time education or skill enhancement will not be considered for tax exemption.
Loan taken towards higher education of Self, Spouse and children are considered provided the assesse is the legal guardian/co applicant
The deduction will be available for a max period of 8 years or till the interest is paid , whichever is earlier.
Submit banker's certificate for the current financial year
Loan taken for full time higher studies, should be in the name of the assessee. The benefit will be available only for Interest paid during the
financial year.
Bills should be in the name of Self/ Spouse/ Children/ Dependant Parents
Cosmetic/Consumer/toiletries/Health Drinks/goggles not considered
In block of four years (01.01.2014 to 31.12.2017) two LTA (journeys) are taxable and two are exempted. Please tick appropriately
Exemption available for Rs.100/- p.m. per child, max up to two children.
Child details should be updated in SAP to avail exemption on Children Education Allowance
Original medical bills of the current Financial Year are required to be submitted
Spectacle frames will not be considered. Only expenditure on lens would be considered on submission of Doctor's prescription
Employees who have Car under the scheme should fill the attached form and submit along with necessary original supporting bills /
receipts
Without attaching any proofs, RCARE exemption will not be granted
Expenses incurred in the current financial year will only be considered for tax exemption.
Drivers salary / Allowance are not considered for exemption
Travel outside India is not covered for tax exemption.
In case of travel to multiple destinations, 1st AC train fare would be considered for the farthest distance travelled by the shortest route.
Refer to the guidelines given in the LTA Exemption Form
Only first declaration submitted by the employee will be considered. Documents will not be returned for incorporating changes.
Exemption can be availed for travel performed Self/ Spouse/ Children/ Dependant Parents/ Dependant Siblings up to 21 years. Self travel
is mandatory to claim exemption.
Flight travel, original boarding pass/travel certificate are mandatory to claim LTA exemption
Guidelines For Submission Of Income Tax Exemption
Employees who have joined during the current financial year may submit their income & details of tax deducted in the attached Form 12B
along with the tax computation details from your previous employer
Attestation (Seal and Signature) of previous employer tax report is mandatory
In case tax has been deducted during the year, please enclose a certificate issued under section 203.
Incomplete form will not be accepted for LTA exemption
Forms
Form10IA-80DD &
80U.pdf
Housing Loan
Interest Computati
Form10IA-80DD &
80U.pdf
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