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HRA

Form 12BB – New Form to claim Tax Exemptions by Salaried Employees

Form 12BB - New form for Salaried to claim tax exemption Every December to February, employers ask their employees to submit income tax investment proofs along with LTA/HRA proofs. The problem there is no standard format for the same. Each employer has different set of forms and asks for different investment proofs. To overcome this and to give uniform format across organizations, Income Tax Department has […] Continue reading →

Submit Income Tax Proof to Employer – How, When and Why?

Submit Income Tax Proof to Employer It’s time of the year when everyone including your employer is worried about your taxes. Most people would have received mail from their Accounts department about “submission of proofs for investments done to claim income tax exemption”. In case you have not, it might be on its way. This post helps you understand why salaried […] Continue reading →