FORM NO. 12BB

(See Rule 26c)

Declaration by employee for claiming tax benefits for House Rent Allowance (HRA), Leave Travel Allowance / Concession (LTA / LTC), interest paid on housing loans and other tax saving deductions.

Earlier there was no standard format required by salaried employees to disclose their investment details to their employers. The Central Board of Direct Taxes (CBDT) has introduced a new Form 12BB. This form, applicable from June 1, 2016, needs to be submitted to your employer and will be used to declare your investments and claim tax deductions under HRA, LTA, Section 80, interest paid on home loans etc. Use this page to generate your Form 12BB and submit to HR of your company.

(1st April 2017 to 31st March 2018)

Employee Details

House Rent Allowance (HRA)

(If you do not have your rent receipt click here to generate HRA rent receipt.)

e.g. HRA rent receipt

+Add

Note: Permanent Account Number shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees.

Leave Travel Allowance / Concession (LTA / LTC)

Mention proof that you will submit

+Add

Deduction of Interest on Housing Loan

Mention proof that you will submit

Particulars of Lender

Tax Saving Deductions
(A) Section 80C, 80CCC and 80CCD
Mention proof that you will submit

+Add

Mention proof that you will submit
Mention proof that you will submit
(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.
Mention proof that you will submit

+Add


Frequently asked Questions.

Employees are required to provide certain information to their Employers, so as to claim certain exemption under Income Tax and compute their correct tax liability. Earlier there was no standard format. Now, Income tax department has introduced the Form 12BB to disclose investments and other details to their employers. This form, applicable from June 1, 2016, needs to be submitted to your employer and will be used to declare your investments and claim tax deductions under HRA, LTA, Section 80, interest paid on home loans etc.
Its Simple. You can prepare your Form 12BB from myITreturn portal. Click here to know more about how to generate Form 12BB.
Click here to start preparing your Form 12BB.