Excel Form 12BB for furnishing evidences/particulars of deductions claimed to employer by an employee for computation of TDS on Salary u/s 192

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Form 12BB for furnishing evidences/particulars of deductions claimed by an employee for TDS from Salary 

CBDT Vide notification no. 30/2016 dated 29-04-2016 has inserted a new Rule 26C in the Income Tax Rules, 1962 and notified Form 12BB for furnishing to the employer, the evidences and particulars of various deductions claimed by an employee for estimation of his income and determination of tax deducted at source from salary income under section 192 of the Income Tax Act, 1961. 

The new requirement is applicable from 1st June, 2016 

The employee assessee is required to furnish the following evidence or the particulars to the employer:

Sl. No

Nature of claims

Evidence or particulars

(1) (2)

(3)

1. House Rent Allowance. Name, address and permanent account number of the landlord/landlords where the aggregate rent paid during the previous year exceeds rupees one lakh.
2. Leave travel concession or assistance. Evidence of expenditure.
3. Deduction of interest under the head “Income from house property” Name, address and permanent account number of the lender.
4. Deduction under Chapter VI-A. Evidence of investment or expenditure.

 

Download Excel Form 12Bb

Download Excel Form 12Bb

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