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.
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.
Form 12BB needs to be submitted to the Employer. Salaried taxpayers can use this form to claim tax deduction on House Rent Allowance (HRA), Leave Travel Allowance / Concession (LTA / LTC) and interest paid on home loans.
Skorydov Systems Private Limited,
410 Tulsiani Chambers,
Mumbai 400 021
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