When employees declare their investments and expenses to employers for tax benefits each financial year, a document called Form 12BB is at the core of the process. Employees in the taxable income ...

Since there was no standard format required by salaried employees to disclose their investment details to their employers, each employer had to submit proof for each investment made in the year. The ...

Even though three months will be left before the closure of the current financial year 2025-26 in January, salaried employees should review Form 12BB to avoid higher TDS and reduction in take-home ...

All the salaried Persons and pensioners have to submit their Income Tax Final Statements either in February or March 2023 as per the requirements of Income Tax Act and the relevant statue and ...

Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses have to be provided at the end of the financial ...

NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and ...

Employees will now be required to submit evidences/particulars of tax savings to employers in form 12BB. Ahmedabad: Employees will now be required to submit evidences/particulars of tax savings to ...

The new standard form 12BB for the salaried taxpayers will allow you to claim tax deductions on a number of things. The declaration of investments is to be done at the beginning of every financial ...