GUIDELINES FOR SUBMISSION OF INVESTMENT DECLARATION

A) HOUSE RENT ALLOWANCE [RENT RECEIPT]

Attach one original (or self certified) monthly rent paid receipt pertaining to the period April 2015 to March 2016
Rent receipt for the last financial year will not be accepted
Rental agreements & bank statements will not be considered for HRA exemption

Forms

Rent Receipt should contain the following details:

- Receipt no. & date, Monthly amount of RENT paid, rent for the month of, Address of the rented property, Name, address of property owner.
It is Mandatory to furnish the PAN details of the land lord if the monthly rental value is above Rs. 8333/-, In case if the land lord does not have a PAN card
kindly provide a no-PAN declaration issued by the land lord
Maintenance & other charges are not eligible for tax benefit
Affix Revenue Stamp (if applicable as per State legislation)
B) EXEMPTION FOR EDUCATIONAL ALLOWANCE FOR CHILDRENS (10 (14))
Exemption available for Rs.100/- p.m. per child, max upto two children.
Child details should be updated in NEXUS to avail exemption on Children Education Allowance
C) EXEMPTION FOR MEDICAL ALLOWANCE
Original medical bills of the current Financial Year are required to be submitted
Spectacle frames will not be considered. Only expenditure on lens would be considered on submission of Doctor's prescription
Bills should be in the name of Self/ Spouse/ Children/ Dependant Parents
Cosmetic/Consumer toiletries/Health Drinks/goggles & all other expenditures which are not medicinal in nature will not be considered for tax benefit
D) LTA EXEMPTION FORM
In block of four years (01.01.2014 to 31.12.2017), expenses incurred on two LTA (journeys) are eligible for tax exemption
Travel outside India is not covered for tax exemption.
In case of travel to multiple destinations, 1st AC train fare would be considered for the farthest distance travelled by the shortest route.
Refer to the guidelines given in the LTA Exemption Form
Only first declaration submitted by the employee will be considered. Documents will not be returned for incorporating changes.
Exemption can be availed for travel performed Self/ Spouse/ Children/ Dependant Parents/ Dependant Siblings upto 21 years. The employee must be a part of the
journey to claim LTA exemption
in case of travel by Flight, original boarding pass or travel certificate is mandatory to claim LTA exemption
Incomplete form will not be accepted for LTA exemption
E) RCARE EXEMPTION FORM
Employees who have Car under the scheme should fill the attached form and submit along with necessary original supporting bills / receipts
Without attaching any proofs, RCARE exemption will not be granted
Drivers salary / Allowance /Petrol Bills are not considered for tax exemption
Expenses incurred in the current financial year will only be considered for tax exemption.
F) MEDICAL INSURANCE (80D)
Kindly declare only Medical Insurance availed from outside Siemens.
You may claim upto Rs. 25000 deduction towards medical insurance premium paid for self, spouse & children of which Rs. 5000 may be claimed towards expences
incurred towards preventive health chk-up for Self, Spouse & children and Rs 25000 may be claimed towards medical insurance premium paid for parents (Rs. 5000 of
this Rs25000 limit may be claimed towards preventive health chk up expences incurred for parents ) and an additional Rs. 5000 if either of the parent is a senior citizen
Deduction made from salary towards Dependant Parents Medical Insurance would be simultaneously considered for tax exemption once the deductions are made in
current financial year. Kindly do not declare the same.
Only actual premium on medical insurance made in the current financial year would be considered for tax exemption.
Exemption would not be provided, if the payment is made through Cash
G) INTEREST BENEFIT OF EDUCATION LOAN (80E)
Loan taken for full time higher studies, should be in the name of the assessee. The benefit will be available only for Interest paid during the financial year.
Loan availed for part time education or skill enhancement will not be considered for tax exemption.
Loan taken towards higher education of Self, Spouse and children are considered provided the assesse is the legal gaurdian/co applicant
The deduction will be available for a max period of 8 years or till the interest is paid , whichever is earlier.
Kindly submit a provisional certificate pertaining to the current financial year, issued by the bank / financing institution clearly mentioning the interest & principle
payable.
H) DEDUCTION IN CASE OF DISABILITY -SELF (80U) / MEDICAL TREATMENT ON HANDICAPPED DEPENDENTS (80DD)
Eligibility: Self, Spouse, Children, Parents, Brothers and Sisters
Photocopy of certificate issued by Government medical authority (Form 10-IA). Declaration without Certificate will not be considered for exemption.
SELF cannot claim exemption on both 80U and 80DD
Exemption for Professional Tax is also available in case of Permanent disability
I) Sukanaya Samriddhi Scheme (80C)
Investment made under the scheme is eligible for tax benefit U/s 80C
Kindly submit photocopy of pay-in slip along with a copy of the first page of the pass book to avail tax benefit
J) RAJIV GANDHI EQUITY SAVINGS SCHEME(RGESS) - 80 CCG
This Scheme allows an individual, with annual income up to Rs 12 lakh
The Maximum amount of Investment is Rs 50,000 and Maximum deduction is Rs.25,000
Only first time retail investors are eligible for tax benefit
The Investor can avail tax benefit of 50 per cent of the amount invested
K) LIFE INSURANCE PREMIUM (80C)
The benefit may be availed for Life Insurance premium paid for SELF, SPOUSE & CHILDRENS, if payment has been paid by the employee during the financial year
Insurance Premium in excess of 20% of sum assured will not qualified for exemption
Proposal investments would not be considered for tax deduction
Proposal deposit receipt/ Payment Schedule will not be accepted
Last to last year paid receipt will not be accepted for benefit in the current financial year
Clearly mention policy no., payment frequency, relationship and annual amount paid as premium in the investment declaration form
In case premium is not due at the time of submission of tax proof, submit copy of latest paid premium receipt
L) UNIT LINKED INVESTMENT PLAN / PENSION PLAN (80C)
The benefit may be availed for SELF or SPOUSE or CHILDREN if payment has been paid by the employee during the financial year
Proposal investments would not be considered for tax deduction
Last to last year paid receipt will not be accepted for benefit in the current financial year
Clearly mention policy no., payment frequency, relationship and annual amount paid as premium in the investment declaration form
In case premium is not due at the time of submission of tax proof, submit copy latest paid premium receipt
M) Equity Linked Savings Scheme/ Mutual Funds (80C)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been by the employee during the financial year
Proposal investments would not be considered for tax deduction
Only actual investments made in the current financial year would be considered for tax deduction.
Payment receipts/ account statements to be submitted to claim tax deduction post remittance of payment.
Clearly mention policy no., payment frequency, relationship and annual amount paid as premium in the investment declaration form
N) PUBLIC PROVIDENT FUND (PPF) (80C)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year. The maximum amount can be
invested is Rs.1,50,000/- p.a. in the current Financial year
Only actual investments made in the current financial year would be considered for tax deduction.
Submit copy of challan / Pass Book issued along with the PPF account number
O) TAX SAVING TERM DEPOSIT WITH SCHEDULED BANK (5 YEARS OR MORE)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit copy of investment made during the current financial year in Tax Saving Term Deposit
Term Deposit maturity date to be mentioned in the document/ certificate
P) REPAYMENT OF HOUSING LOAN INTEREST & PRINCIPAL
Submit copy of banker provisional certificate for repayment of Principal & Interest for the current financial year
Submit the computation of Loss or Profit from house property in the format attached in Col. E
Provisional Certificate of the current financial year is mandatory for loan availed from Bank through Siemens
If exemption is claimed for HRA and Interest on housing loan, submit Computation of Loss/ Profit from House Property form and declare purchased property as Let Out
or Deemed to be Let Out with the rental income derived from the property.
Possession letter/ Occupancy Proof (EB Bill, BSNL telephone bill, Ration Card, Property Tax receipt etc.,) has to be submitted if claiming the exemption for 1st time at
SIEMENS
Sale Deed is mandatory if Interest on Housing Loan is declared for the resale property
Pre-EMI declaration form to be submitted in case of declaration of Pre-EMI interest for tax exemption.
Provisional Certificate for the Pre-EMI period to be submitted to avail exemption on Pre-EMI interest.
In case of jointly acquired property, please submit the declaration for the current financial year. The format of the declaration has been in given in second sheet of the
file attached at Col. E.
Q) TUITION FEE (80C)
Only Full Time Tuition Fee/School Fee/Term Fee component is allowed for exemption u/s 80C. Exemption is available only for Childrens (Not for Self/Spouse/Siblings)
Tuition fee exemption is limited to first 2 children of the assessee.
Children details should be available in SAP to consider tuition fee for tax exemption
Private tuition fee/ Skill Coaching fees/ Distance Education/Part Time will not be considered for exemption
Other fees paid apart from Tuition fees would not be considered for tax exemption
Submit receipt for the current financial year to avail the exemption
R) NATIONAL SAVINGS CERTIFICATE (80C)
The benefit may be availed for SELF or SPOUSE or CHILDRENS if payment has been paid by the employee during the financial year
Proposed or Last year paid receipt will not be accepted
Submit certificate of purchase of the current financial year to avail the exemption
S) INCOME OF PREVIOUS EMPLOYER IN FORM 12B
Employees who were previously employed with any other organisation in the current financial year & has joint SIEMENS may submit their income & details of tax
deducted in the attached Form 12B along with the tax computation details from your previous employer
Attestation (Seal and Signature) of previous employer tax report is mandatory
In case tax has been deducted during the year, please enclose a certificate issued under section 203.

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PRE EMI
Computation &
Co-Applicanant
declaration

Subject : Income Tax Act / Rules applicable

1

Provisions of Income Tax Act / Rules as applicable for a block of 4 years commencing from 1st January 2014

Employees can claim the LTA exemption for any of the 2 journeys performed during the block of 4 year starti

Exemption is available for travel within India only provide employee avails five working days (excluding week

Employees can claim the LTA exemption for self, spouse, children and dependent parents, brothers and siste

LTA exemption is available in respect of the shortest route and where the journey is performed by a circuitou

The exemption is limited to actual expenses incurred on the journey and is strictly limited to expenses on airf
expenses during the journey and lodging / boarding expenses, driver's night charges, sight seeing will qualify

The quantum of expense will be limited to the actual expense incurred on the journey. Without performing an

In addition to the above general limitation, the quantum of exemption will also be subject to the following max
Mode of travel
Where journey is performed by air
Where journey is performed by rail
Where the places of origin of journey and
destination are connected by rail and
journey is performed by any other mode
of transport
Where the places of origin of journey and
destination (or part there of) are not
connected by rail:
Where a recognized public transport
exists
Where no recognized public transport
system exists

9
a.

List of documents required for LTA

Journey performed by Air

b.

Journey performed by Rail

c.

Journey performed by Taxi

Journey performed by Bus

Travel By Train

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Child Age 5-11 years

Adult Age-12 and above
Senior Citizen- 60 and above

Note: The above provisions is as per Income Tax Act currently in force. Any change in the t
guideline only.

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Subject : Income Tax Act / Rules applicable to LTA (Section 10(5) & Rule 2(B))
as applicable for a block of 4 years commencing from 1st January 2014 to 31st December 2017

tion for any of the 2 journeys performed during the block of 4 year starting from the calendar year 1st January 2014

n India only provide employee avails five working days (excluding weekends, public holidays and holidays notified by the Company).

tion for self, spouse, children and dependent parents, brothers and sisters who are wholly or mainly dependent on the assessee.

of the shortest route and where the journey is performed by a circuitous route, the exemption is limited to what is admissible by the sho

penses incurred on the journey and is strictly limited to expenses on airfare, rail fare or bus fare only. No other expenditure like scooter
ging / boarding expenses, driver's night charges, sight seeing will qualify for exemption

ed to the actual expense incurred on the journey. Without performing any journey or incurring any expense thereon, no exemption will b

ation, the quantum of exemption will also be subject to the following maximum limit, depending upon the mode of transport used or avai
Amount of exemption
Amount of air economy fare of the national carrier by the shortest route or the
amount spent, whichever is less
Amount of air-conditioned first class rail fare by the shortest route or amount spent,
whichever is less
Amount of air-conditioned first class rail fare by the shortest route or the amount
spent, whichever is less

First class or deluxe class fare by the shortest route or the amount spent, whichever
is less
Air-conditioned first class rail fare by the shortest route (as if the journey has been
performed by rail) or the amount actually spent, whichever is less

Original Air ticket, baarding pass, paid invoice

If ticket booked via internet, copy of paid receipt and original boarding pass
Original or photo copy of Train ticket or copy of e-ticket ( print of tickets)
Original paid invoice which should have following information
-invoice number and date
- name of the employee and address
-period of journey and taxi number
-number of kms travelled and rate per kms
-total amount
-name of place visited (from ~to)
-signature of a person the issuing invoice on accrossing the revenue stamp
Original bus tickets
Travel By Air

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% of fare

Child Age- 2 to 12 Years

Below 2 years
70% of fare

50% of fare
10% of fare
n.a.

as per Income Tax Act currently in force. Any change in the tax law will entail revision of the above. The above sh

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& Rule 2(B))

January 2014

days notified by the Company).

ependent on the assessee.

ed to what is admissible by the shortest route.

No other expenditure like scooter / taxi charges at both ends, porterage

ense thereon, no exemption will be available.

he mode of transport used or available.

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of the above. The above should be used as a general

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