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 ...

Investment declaration guide: With the onset of tax season, employees are required to declare their investments and expenses to their employers for hassle-free financial management and seeking tax ...

Tax filing season is here and the Form 12BB is a tool which salaried employees use to declare their tax-saving instruments through Form 12BB at the beginning of each financial year. It is important to ...

Effective tax planning is essential for salaried individuals to optimize their advance income tax payments by the Income Tax Act 1961. Under this act, employers are tasked with applying Tax Deductions ...

As the tax season sets in, employees find themselves at the helm, steering through the complexities of investment declarations. This crucial financial exercise not only ensures seamless financial ...

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 ...

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 ...

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 ...