The Essential List Of Proofs For Income Tax Declarations

December 31, 2016 - Blogs, Income Tax Help

(Last Updated On: February 14, 2017) With the approaching new year, the Human Resource Department of your company is all
set to roll up their sleeves and email you asking you to submit proofs of your Income Tax Declarations. Submitting proofs for
income tax declarations can be a tough time for any salaried person.
But dont worry, our expert CAs have compiled a list of documents that youd be required to submit to your HR when they ask you
for income tax declaration proofs.
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 Deduction
Maximum Limit of
under Deduction for: Investment proof to be submitted
Deduction
section:

Life insurance Premium slips (in the name of

Life Insurance
self/spouse/children)

PPF Passbook copy of PPF (Self, Spouse, any child)

Principal Repayment of Home loan Statement reflecting principal amount

Housing Loan repayment / Certificate from Bank.

ELSS/Mutual Fund (Tax

ELSS/Mutual Fund Statement
Saving)

Children Tuition Fees

Children Education fee receipts
(up to 2 children)

NSC NSC certificate, Interest statements on NSC purchased

Unit linked Insurance Receipts /Certificate / Statement of A/c / Copy of pass

Scheme / Plan book of current financial year (Self, Spouse, any child)

Fixed Deposits (Tax

Photocopy of Tax saving FD receipt
80C Savings)

Rs 1,50,000

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 Deduction
Maximum Limit of
under Deduction for: Investment proof to be submitted
Deduction
section:

Sukanya Samriddhi
Sukanya Samriddhi Account passbook.
Account

Proof for the payment made for non-commutable

Deferred Annuity Plan deferred annuity on life of individual himself or spouse or
any child.

Subscription to any
deposit
scheme/pension fund
set up by the National
Housing Bank (NHB).
Subscription proof of deposit scheme or any pension
fund or home loan account scheme of National Housing
Bank.

Receipts /Certificate / Statement of A/c / Copy of pass

80 CCC Pension Plan
book of current financial year

Rs. 25,000/- (for

Medical Health
senior citizen,
Insurance for self,
limit is Rs.
spouse and children
30,000/-)

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 80 D Mediclaim policy copy or Copy of Premium receipt,
Deduction
Health- Checkup receipts Maximum Limit of
under Deduction for: Investment proof to be submitted
Deduction
section:

Rs 25,000/- (If
parents are
Medical Health
senior citizen
Insurance for parents
then limit is Rs.
30,000/-)

Expenditure on Rs 75,000 for 40%

80DD Dependents with or more disability.
Certificate from Prescribed Authority in Form No. 10-IA or
Disability Rs 125,000 for
as per the applicable prescribed Form.
80% or more
Expenditure on own
80U disability.
Disability

Rs. 40,000 (Rs.

60,000 for Senior
Treatment of Specified The prescription in respect of the diseases or ailments
80DDB citizen or Rs.
Diseases specified diseases by the specialists.
80,000 for very
senior citizen)

Certificate from Bank/Home Loan statement, Self-

Interest on Housing Declaration whether the house is self-occupied or let-out Rs 30,000/ Rs
24(b)
Loan one, submit completion certificate or occupancy 2,00,000
certificate for claiming interest paid on housing loan.

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 Deduction
Maximum Limit of
under Deduction for: Investment proof to be submitted
Deduction
section:

Rental agreement or Monthly rent receipts (with Revenue

House Rent Allowance Stamp in case rent is Rs. 5,000/- or more-). In case,
HRA
(HRA) annual rent paid is more than Rs 1 Lakh, landlords PAN
should be quoted.

Donations to specified
80G Receipts of donations & PAN of Donee.
trust

Payment of education
80E Copy of loan certificate reflecting the interest payments
loan interest

Travel tickets. LTA can be claimed twice in a block of four

10 (5) Leave Travel Allowance
years. The current block is 2014-2017.

Medical Original Medical bills (including Parents, Wife/husband,

17 (2) Reimbursement Children) Rs 15,000

Others If applicable, submit the necessary proofs

For further details and expert advice on various deductions, check out our blog on deductions.This lists will especially be useful
when you file itr.

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 Forgot to submit any tax proof to HR department?Dont worry you can still get income tax refund on excessively paid tax when
you file income tax return with the Income Tax Department.

Author

Team Tax2win

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