Sheet-1: Statement showing the details of specified qualifying investments/contributions/ deposits/Payments made by the Assessee (employee) in the current f.y:2015-16 for claiming deduction under Sec 80C, 80CCC, 80CCD (1)of the income tax act’1961: Item wise details:

Sr.No

Particulars

***relationship with the

employee

Amt (Rs)

Total: ***Specify the relationship with the employee. The above information is true and correct. Here with I submit the actual bills/documents along with this statement. So, kindly consider the data and compute my tax liability subject to the relevant provisions of Income-Tax act 1961.

Date: Place: Signature of the employee.

E.C: Unit: Note: Proper documentary evidences/bills/receipts must be submitted for claiming the benefit under sec 80C, 80CCC, 80CCD (1).

Sheet-2: Other deduction details under chapter-VIA: Statement showing the details of other payments/deductions, which are eligible under Chapter-VIA, of the Income tax act’1961 during the f.y:2015-16.

Sr.No

Particulars

**relationship with the

employee

Amt (Rs)

1

Mediclaim premium paid u/s 80D. **For self and family (spouse, children) the max limit is Rs.25000/- p.a. **For parents the max limit is Rs.25000/-p.a

2 Expenditure incurred for medical treatment/ Maintenance of handicapped dependent. U/s 80DD.(format given separately). **Certificate issued by specified medical Authority should submit.

3 Medical treatment for certain specified diseases or ailments –u/s 80DDB. ** Not applicable for TDS calculations.

4

Deduction for interest on loan taken for higher education of self/children/spouse Under sec 80E. **Interest repayment only qualifies for deduction for 8 years.

5

Donations to certain funds or charitable institutions-u/s 80G. **Not applicable for TDS calculations.

6

Rent paid u/s 80GG. **Where in case HRA is not received from the employer.

7

Deduction in case of person with disability-u/s 80U. **Certificate issued by specified medical Authority should submit.

8 Deduction u/s 80EE: (New) Additional deduction up to 100000/- for home loan interest, subject to some conditions.

9 Deduction u/s 80TTA :( New) Interest on deposits in savings account.

10

Deduction u/s 80CCG-RGESS (New) ** Please specify.

Total: The above information is true and correct. Here with I submit the actual bills/documents/ specified medical certificates along with this statement. So, kindly consider the data and compute my tax liability subject to the relevant provisions of Income-Tax act 1961.

Date: Place: Signature of the employee.

E.C: Unit: Note: Proper documentary evidences/bills/receipts must be submitted for claiming the benefit under chapter VIA.

Sheet 3: Employees are advised to fulfill the following at the time of their submission:

Sr.No Description Employees needs to submit

1 Contribution to RPF/SPF and VPF: a)these amounts deducted from salary b) Automatically the system takes the amounts and update in employee’s tax calculations. c) Apart from regular PF, voluntary contributions are also eligible.

a) Employees need not submit any docs/proofs.

2 Contribution to 15 year PPF: a) Individual can open and contribute on his own name. b) Individuals can contribute to PPF account of his spouse/children and claim the deductions. c)The maximum limit is Rs.150000/-

a) Employees need to submit all the payment proofs/supporting docs.

3 Premiums paid to life insurance policies a)Premium paid on his own life policy b) Premium paid on spouse, children policies are eligible for claiming deductions. c) Premium paid on policies of other persons are not allowed. d) The premium limit is 10% of sum assured.

a) Employees should submit all the payment proofs/supporting docs. b) Bank account copies also needs to be submitted, if required.

4 Contribution to Unit linked Insurance Plans a) ULIP covers life insurance with the benefits of equity investment. b)All ULIPs are not eligible for tax exemption c) Please check before investing in ULIP whether eligible or not. d) ULIP on his own life, life of spouse, children.

a)Employees should submit all the payment proofs/supporting docs

5 Subscription to NSC-VIII and IX issue: a) Subscription to NSC in his own name is eligible for deduction u/s 80C.

a)Employees should submit all the payment proofs/supporting docs

6 Housing loan principal repayment: a) Principal repayment is eligible for 80C deduction. b) This deduction can be claimed only from the year of completion of construction.

a)Employees should submit self-declaration b)Completion certificate c) Repayment certificate issued by lender.

7 Tuition fees paid towards children education: a) Tuition fee paid for children full time education is eligible for claiming deduction. b) This deduction is available in respect of 2children only. c) Fee for school, college, university any Educational institution situated in India.

a) Employees need to submit fee paid receipts in original. b) Only tuition fee is allowed.

8 Tax saving Mutual funds: a) Individual can invest in tax saving mutual funds and claim the

deduction b) Mutual funds investment lock-in period is 3 yrs. c) Select and invest only tax saving MFs. d) Investments in normal Mutual funds are not getting any tax

exemptions.

a) All the payment proofs with proper valid supportings should submit.

9 Fixed deposits with banks for 5 year or more: a) Tax saving fixed deposits with banks for 5 years or more is eligible. b) Fixed deposits should be in the name of employee.

a) All the valid copies of the deposits should be submitted by all employees.

10 Term deposits with Post office for 5 years or more: a)5 year term deposit will be eligible for deduction under sec 80C b) Term deposits should be in the name of employee.

a) All the valid copies of the deposits should be submitted by all employees.

11

Contributions to ELSS:(Equity Linked Savings Scheme) a)Individual can invest in tax saving mutual funds and claim the deduction u/s 80C (within the overall limit of 1.5 lakhs) b) The investment is having lock-in period for 3 years. c) Select only tax saving ELSS for tax benefits.

a) All the payment proofs with proper valid supportings should submit.

12 Sukanya Samriddhi Account Yojana (new): a) Girl child prosperity scheme. b) A sum paid or deposited during the year is eligible c) This account can be made in the name of any girl child of

individual. d) Till girl child attain the age of 10 yrs, account can be

opened in her name.

a)proper documents, proof of deposits should be submitted. b) the maximum amount one can deposit is Rs.1,50,000/- per annum

13

Premium for annuity plan of LIC /any other insurer: (pension schemes-80CCC): a)contributions to any annuity plan of LIC or any other insurer b) receiving pension from the fund , contributions are eligible for tax deductions u/s 80CCC c) the maximum limit is Rs.1,50,000/-

a) employees are requested submit all proofs of payment of their premiums, and relevant supporting to claim deductions.

14 Subscription to notified units of MFs a)Individual can invest in tax saving mutual funds and claim the deduction b) Here in this investment lock-in period is 3 yrs. c) Select only notified mutual funds for getting tax exemptions.

a) All the payment proofs with proper valid supportings should submit. (like receipts ,online statements for the relevant year)

15

Subscription to NABARD rural bonds. a) Investment in NABARD rural bonds are only eligible b) As per the notification issued by central government

a) Proofs, receipts, documents to support their claim should submit.

16

Stamp duty, registration fee for house property: a) Stamp duty, registration fees paid at the time of purchasing property is eligible for deduction u/s 80C.

a) Proper documents to support your claim should be submitted.

17

Contributions to NPS (new) u/s 80CCD(1B): (National Pension Scheme-NPS)

a) From this year a new section has been introduced to provide additional deduction for amt contributed to NPS is Up to Rs.50000/- per annum

b) Total deduction u/s 80C,80CCC,80CCD(1) = 150000/- p.a Deduction u/s 80CCD(1B) = 50000/- p.a

a) Employees submit all supportings/proofs of payment. ** U/S 80C,80CCC,80CCD(1) =1.5 laks ** u/s 80CCD(1B) = 50000/- Total deductions can be claimed up to Rs.200000/- per annum.

Sheet 4: Employees are advised to fulfill the following at the time of their submission:

Sr.No Description Remarks

1 Sec 80D: Medical insurance premium: a) Any health insurance premium paid on policy taken for self, spouse, children -- Up to 25000/- per annum. b) Health insurance premium paid towards policy taken on parent’s health—up to 25000/- p.a + 5000/- for sr.citizen. ( payment to preventive heal check-ups up to 5000/- is also allowed)

a) All the valid receipts, online statements, supporting docs have to be submitted.

b) Maximum limit is Rs.250000/-

2 Sec 80DD: expenditure incurred towards medical treatment/ Maintenance of handicapped dependent (person with disability): a) The taxpayer has to incur the expenses for medical treatment of handicapped Dependent. b)Dependent means spouse,children,parents,brothers and sisters of the individual. c)employee has to furnish a copy of certificate issued by the medical Authority. (Doctors of govt specified hospitals/Institutions). Person with disability: means suffering with any of the following.. i)blindness ii) Low vision iii) leprosy-cured iv)hearing impairment v) locomotor disability vi) mental retardation vii) mental illness viii) Autism ix) cerebral palsy and x) multiple disability.

a) Employees should submit latest medical certificate issued by medical authority, along with relevant medical bills. b) normal disability =Rs.75000/- severe disability =Rs.1,25,000/- ( if 80% and above)

3 Sec 80DDB:Medical treatment in respect of specified diseases: a) Amt incurred for treatment of specified diseases/ailments. b)Dependent means spouse,children,parents,brothers and sisters of the individual. c) Employee has to furnish a copy of certificate issued by the specialist doctors working in a govt hospital. d)Specialist doctors rendering honorary service in govt hospital are also eligible for issuing the medical certificate.

a) Employees should submit latest medical certificate issued by medical authority, along with relevant medical bills/proofs. b)from 2015-16, apart from certificate doctor’s prescription also should be submitted. c) Normal deduction = 40000 or actuals, whichever is lower. d)if sr.citizens 60000/- of actual expenses, whichever is lower.

4 Sec 80E: Interest on loan taken for higher education : a)loan taken from any bank/financial institution for the purpose of pursuing higher education ( self,spouse,children) b) Interest paid during the financial year on loan taken for the above purpose is eligible for deduction. C) The deduction is available for a maximum of 8 years.

a) Entire interest paid during the financial year is allowed. b)employee has to submit proper docs/proofs of payment issued by bank for the relevant period.

5 Sec 80EE: Deduction in respect of interest on loan taken for Residential house property: These provisions are applicable for the f.y:2013-14 and 2014-15 only

a) This is not applicable for the current financial year 2015-16.

6 Sec 80G:Donations to certain funds, charitable institutions: a) Company will not consider these donations for TDS calculations. b) Eligible employees need to claim at the time of filing their annual Returns at the end of the financial year.

a) For TDS calculations, these donations are not allowed.

7 Sec 80TTA: Interest on deposits in savings account: a)Interest received during the year or 10000/- whichever is lower b) Interest on savings account deposits.

a) employee need to submit docs for claiming deduction.

8 a) Sec 80U: deduction in case of person with disability: a)person with disability can claim deduction under this section b) employee submit certificate issued by govt medical authority

a) Employees should submit latest medical certificate issued by medical authority.

8 b)

1)Certificate of disability should be issued by competent Medical authority as notified by govt.

Normal deduction –Rs.75000/- p.a Higher deduction – Rs.125000/-p.a (disability is 80% above)

9

Sec 80CCG:Deductions in respect of investment made under RGESS: a) Employees Gross Total income during the financial year is not exceeding 12 lakhs. b) this is available for new investor ( first time investor) c) assessee has acquired listed shares /units as notified d) The lock-in period is 3 years. e) This deduction is available for 3 consecutive assessment years starting from the 1 st year in which shares acquired.

a) Employee has to submit all the required proofs/docs/ Demat account copies of last 3 years. b) Demat account copies should be submitted along with other Supporting to support his claim. c)50% of amount invested (or) Rs.25000/- , whichever is less.