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IT Declaration Form April 2023 To March 2024.

The document is an employee salary income tax declaration form for the financial year 2023-24. It requests personal details and income tax declarations including house rent allowance, housing loan interest, deductions under section 80C and other sections, previous employer income, medical reimbursements, and a declaration.

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partha.uneesolutions
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63 views3 pages

IT Declaration Form April 2023 To March 2024.

The document is an employee salary income tax declaration form for the financial year 2023-24. It requests personal details and income tax declarations including house rent allowance, housing loan interest, deductions under section 80C and other sections, previous employer income, medical reimbursements, and a declaration.

Uploaded by

partha.uneesolutions
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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UNI SOLUTIONS (BANGALORE) PVT LTD

EMPLOYEE SALARY INCOME TAX DECLARATION FOR THE FINANCIAL YEAR 2023-24

 Personal Details of employee:

Name of the Employee*


Father’s / Husband’s Name*
Address*
Employee Code. *
Date of Joining*
Sex (Male/Female)*
Branch
Note: * marked information is compulsory. As per newly instructed Section 206AA, in case PAN is not submitted TDS
will be deducted flat rate of 30.9% on taxable Income.

 Income Tax Declaration for the financial year 2023-24

1. House Rent Allowance Exemption:


I am paying rent for the residential house (Address) ______ , Landlord Name ______ PAN No of Landlord Rent payable
per month is as under. (If Annual Rent paid by the employee exceeds Rs.1,00,000/-per annum, it is mandatory for the
employee to report PAN of the landlord. In Case the landlord does not have a PAN, a declaration to this effect from
landlord along with the name and address of the landlord should be filed by the employee.)
Month Amt in Rs. Month Amt in Rs.

Note: Rent should be paid during the year; it should be located in place of employment. Rent paid receipt and rent agreement to be submitted along
with year end investment proofs and documents stated below.

2. Self Occupied property* (Interest on Housing Loan)

I have house situated at _____________________, Bangalore having availed housing loan from
____________ (Bank) and have taken possession of the property on __________________________ the annual
repayment Loan.

Interest -
Principal -

+ If the property/Housing Loan is in joint name please provide the declaration.

+ To claim the benefit under housing loan for a new house purchased in the fiscal year 2023 –2024, it must be occupied
before 31st Mar 2024

UNI SOLUTIONS (BANGALORE) PVT LTD


3. Let out property* (Interest on Housing Loan)

I have house situated at _____________________, Bangalore having availed housing loan from
____________ (Bank) and have taken possession of the property on __________________________ the annual
repayment Loan. Rent received for the year _________________________

Interest -
Principal -

+ If the property/Housing Loan is in joint name please provide the declaration.

+ To claim the benefit under housing loan for a new house purchased in the fiscal year 2023 –2024, it must be occupied
before 31st Mar 2024

+ There is a change in the provision of Sec 24 during the year as per which the interest, that can be set off against
property income is only Rs. 2,00,000. The excess interest paid will have to be carry forward and set off in the subsequent
years.

4. Deduction under Chapter VIA of Income Tax Act 1961.


I declare that I will be making the following investments/incurring the following expenditures, relevant to computation of Income under
the head ‘Salaries’ in the year ended 31st March 2024 (1st April 2023 to 31st March 24) and tax thereon

Deduction Under Section 80C – Maximum Investment Rs.1,50,000/-


1. Public Provident Fund on accounts of self, spouse and children.
2. Life Insurance Premium on policies for self, spouse and children.
3. Contribution to Unit linked insurance plan for self, spouse and child.
4. National Saving Certificate
5. Accrued N.S.C. Interest. (Please attached the copy of the NSC purchased in the previous
years) ++
6. Mutual Funds – ELSS Scheme
7. Housing Loan Repayment Principal Amount & payment of Stamp duty
Registration fee & Interest on Housing Loan u/s 24 – (Self Occupied –
200000 & Let Out Property – On Actuals)
8. Children Education expenditure – tuition fees only
9. Fixed Deposited in Banks - 5 years (Tax Saving Scheme)
10. Pension Plan Premium paid deduction Under Section 80CCC
11. Post office 5 years Time Deposits
12. Investment in Specified Equity Shares
13. Others (Please specify)

Deduction under Other Sections


Under Section 80 D – Medical Insurance and Preventive health
1 checkup (for Preventive health Checkup Max Rs.5000/- is eligible )
* Refer Below Note
Sec 80DD - Medical treatment/insurance of handicapped dependant
2 (Rs.75,000/- exemption for Normal disability, Rs.125000/- for severe
disability (ie-80% and above)

UNI SOLUTIONS (BANGALORE) PVT LTD


Sec 80DDB - Medical treatment (specified diseases only) Refer specified
3 diseases tab to know the list of diseases qualify for tax exemption- (In case
of senior citizen, the maximum exemption limit is Rs.80000/-)
Under Section 80 E - Interest on Education loan for family –
4 (Exemption is available only towards the interest payment on loan)

Sec 80G - Donations (On actual Basis, should submit the original proof of
5 payment to avail the tax benefit) Refer the donation tab to know the
institutions listed under IT and can avail tax exemption through salary

Sec 80U - Handicapped (Self)-In case of normal disability exemption


6 allowed is Rs.75000/- & in case of severe disability exemption allowed is
Rs.1,25,000/-
++ NSC accrued interest amount will get added as other income and tax will be deducted on the same.

Note:
* Rs. 25000/- exemption is available towards the premium paid for self, spouse & children. Additional deduction
of Rs. 25000 for insurance on the health of parents have been provided. if the parents are senior citizen then
exemption will be up to Rs. 30000/-

Previous Employer Income:


If the employee joins after 1st April 2023 then have to submit the details of Income from Previous employer/s pertaining to financial
year 2023-24. Please attach proof of income from previous employer/s in Form 12B / Form 16/Computation sheet++.

Gross salary (after Professional Tax Deduction)


Deduction Under Chapter VIA
Income Tax Deducted
++Note: In the absence of above information and supporting, the same will not be considered for tax calculation.

Have you any other Income during the year (if yes please provide in separate
Yes/No
working in form 12C and annexure)

Medical Bills Reimbursements:

Medical Exemption (Up to 15000/- per year) 2023-24

Declaration:

I _ certify that the above information is true and correct and I will be responsible for any queries from the Tax Authorities
and I will make good the loss if any, incurred by the Company. I also certify that the payments for the Investments listed
above will be made by me out of my income chargeable to income-tax. Necessary documents in support of these
investments will be submitted within the due dates requested.

Place: Bangalore
Date: _________ Employee’s Signature

UNI SOLUTIONS (BANGALORE) PVT LTD

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