Income Tax Deductions & Deductible Allowances – Investment Proofs
(All the proofs should be of FY 2019-20 only)
Sr. Title Document(s) to be submitted by you
No.
A Salary Components [Exemptions / Deductions against Allowances]
1 House Rent  Rental agreement covering the period of the rent and
Allowance (HRA) any one month’s rent paid receipt.
 If rental agreement is not available, rental receipts for
the complete period for which rent is paid.
 HRA exemption is applicable only for Workplace city.
Hometown / other city rental receipts are not eligible
for exemption
2 Leave Travel  If Journey Performed by Train or Air - Travel Tickets for
Allowance (LTA) self, spouse, children or dependent parents.
 If Journey performed by other than Train or Air –
Original Travel bills along with the screen shot of the
IRCTC website showing the Train fair of A.C. First Class
for the same journey.
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Key-points, you should be aware of
 The receipts should contain your landlord’s name,
address and signature.
 If the annual rent paid is more than Rs. 1 Lakh, landlord’s
PAN must be quoted.
 In case, rent paid is more than Rs. 5,000/-, revenue stamp
is required on the receipts.
 In case you are making online bank transfer to Landlord’s
Account, then you can obtain rent receipt confirmation
from Landlord.
 In case Landlord stays abroad, then you can obtain
confirmation through email and provide us your
declaration that you have paid rent for all the applicable
months of the FY 2019-20 and if in future any default is
found / discrepancies are found, you will be held
responsible for all the defaults and resultant penalty /
interest charges
 Travel should be within India only.
 Exemption Can be claimed Employee for himself and his
family. Family means spouse and children of the
individual and the parents, brothers and sisters of the
individual or any of them wholly or mainly dependent on
the employee.
 LTA is allowed to be claimed twice in a block of four years.
[The current block is 2018 to 2021-Calander Year) . As
such, if you have already claimed LTA twice till
01.04.2019, then you are not entitled for LTA exemption]
 Single travel in a year is allowed for LTA calculation and
we cannot club multiple travels for calculating LTA
amount of this year
  Check with HR whether leave is marked during the period
mentioned in the claim by the employee.
 Ensure that date of travel is after date of joining. LTA for
period before joining date cannot be considered.
Employee can claim it directly while your ITR

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 Sr. Title Document Check-points
No.
B Section 24B:  Provisional Interest & Principal certificate from your  This housing loan should be for the Self-Occupied
Interest on Housing banker or home loan provider. property
Loan  Name, Address and PAN of the lender(Banker)  Ensure that it’s a post possession interest & principal
 Copy of completion certificate or occupancy certificate. claim
Section 80C:  Self-declaration whether the house is self-occupied or  For pre-possession/pri-EMI/pre-Construction period
Principal loan let-out one. interest, it will be allowed in 5 equal installments from the
repayment  In case of Joint Home Loan, self-declaration of the year of possession. Principal amount paid before
ownership proportion needs to be furnished possession, is not allowed as deduction under section 80C
 Ensure that Ownership % of only employee has been
claimed
 In case housing loan is for Rented / Let-out / vacant house,
then along with Provisional Interest Certificate, you
should also provide details of rental income, deemed
rental income
C Section 80C:
1 Life insurance  Copy of Premium Receipt /  Late payment fees should not be included as premium
Premium  Statement of paid premium paid.
 Policy should be in the name of self/spouse/children.
 Premium amount should not be more than 10% of sum
assured. (if policy is purchased after 1st April-2012.)
 Premium amount should not be more than 20% of sum
assured. (if policy is purchased on or before 1st April-
2012.)
2 Public Provident  Copy of passbook [along with the cover page showing  Ensure it’s in the name of the employee or his/her
Fund (PPF) investor’s name] Husband/Wife and Child of such employee.
 Statement

3 Tax Saving Mutual  Copy of the account statement.  Ensure that the said statement specifically mention this
Funds as a mutual fund is eligible for 80C deduction

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 Sr. Title Document Check-points
No.
4 Children’s tuition  Copy of receipts for Tuition Fees  Only Tuition Fees component is allowed as deduction,
fee Donations & Development fees, Bus / Transportation
charges, Text, Books and Private Tuitions etc. is not
allowed.
 Tuition fees for Maximum of 2 children allowed.
 Rs. 100 per child per month is the allowed deduction
against Children Education Allowance if forming part of
CTC.
 Full amount of Tuition Fees can be claimed under 80C
5 National Saving  Copy of Certificates  Ensure it’s in the name of the employee
certificate (NSC)  Passbook.
6 Tax saving Bank  Copy of Tax saving Bank deposit receipt (5-year  Ensure that the said receipt specifically mention this as a
deposit deposit) eligible Fixed deposit for 80C deduction
7 Sukanya  Copy of passbook  Ensure it’s in the name of the employee as a parent /
Samruddhi Account [along with the cover page showing investor’s name] guardian of the girl
 Statement

8 Stamp duty,  Receipts of Stamp Duty and Registration Fee payment  Ensure that property is in the name of Employee
registration fees  Occupancy/completion certificate from Municipal  Payment has been made by the employee
expenses paid Corporation.  Period of the payment should fall in the Financial year
towards transfer of  Possession of the flat should be in Financial Year.
the property.

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 Sr. Title Document Check-points
No.
D NPS Contributions  Copy of the stamped deposit receipt, paid during  Ensure that the said document specifically mention this
(Section 80CCD) current financial year and investment made is a eligible for 80CCD deduction
 Copy of the Passbook with clear mention as NPS
(National Pension System) Account.
E Section 80 D –  Copy of premium payment receipts  Ensure it’s in the name of the employee. Such payment is
Mediclaim  Receipt(s) of payment towards health-checkups. for insurance on health of employee or his spouse or
dependent children or parents.
 Ensure payment made in case of Mediclaim is other than
cash mode and for Preventive cash payment is allowed.

F Medical Treatment  Copies of medical bills  Assessee is a resident of India.

on handicapped  Duly completed Form 10-IA.  Ensure the relation of dependent is established
dependent  Disability of the dependent is not less than 40%.  The Certificate of Permanent / Partial handicap is
(Section 80DD) available
 80,000/- Deduction for disability between 40% to 80%.
 1,25,000/- Deduction for disability above 80%.
G Medical treatment  Medical Bills / expenditure incurred by way of medical  Assessee is a resident of India.
expenses for the treatment for a specified disease  Ensure it’s in the name of the employee
specified disease  A certificate from a hospital in the prescribed form.  The Certificate provides the details of disease and the
(Section 80DDB)  % Should be mentioned by Hospital authority. same is listed under Section 80DDB.
 40,000/- or amount actually paid, whichever is less.
 In case of senior citizen Rs.1,00,000/- or amount actually
paid, whichever is less.

H Education Loan  Copy of loan certificate reflecting the interest  Only Interest portion is allowed as deduction.
(Section 80E) payments.  Interest deduction allowed from initial assessment year
and 7 successive assessment years. In total 8 assessment
years.
I Deduction in  Copies of certificate from a medical authority in the  Assessee is a resident of India
respect of a person prescribed form.  Ensure it’s in the name of the employee
with disability  The Certificate of Permanent / Partial handicap is
(Section 80U) available

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 Sr. Title Document Check-points
No.
J Donations Not applicable Deduction is not to be considered for TDS calculation
(Section 80G) purpose. Employee can claim the deduction while filing his
Income Tax Returns.

K. Deduction in  Provisional Interest & Principal certificate from 80EEA. (1) In computing the total income of an assessee,
respect of interest your banker or home loan provider being an individual not eligible to claim deduction
on loan taken for  Loan Sanction letter from Financial institution under section 80EE, there shall be deducted, in accordance
certain house with and subject to the provisions of this section, interest
property. (Section payable on loan taken by him from any financial institution
80EEA) for the purpose of acquisition of a residential house property.
(2) The deduction under sub-section (1) shall not exceed one
lakh and fifty thousand rupees and shall be allowed in
computing the total income of the individual for the
assessment year beginning on the 1st day of April, 2020 and
subsequent assessment years.
(3) The deduction under sub-section (1) shall be subject to
the following conditions, namely:—
(i) the loan has been sanctioned by the financial
institution during the period beginning on the 1st day
of April, 2019 and ending on the 31st day of March,
2020;
(ii) the stamp duty value of residential house property
does not exceed forty-five lakh rupees;
(iii) the assessee does not own any residential house
property on the date of sanction of loan.
(4) Where a deduction under this section is allowed for any
interest referred to in sub-section (1), deduction shall not be
allowed in respect of such interest under any other provision
of this Act for the same or any other assessment year.
(5) For the purposes of this section,—

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 Sr. Title Document Check-points
No.
(a) the expression "financial institution" shall have the
meaning assigned to it in clause (a) of sub-section (5)
of section 80EE;
(b) the expression "stamp duty value" means value
adopted or assessed or assessable by any authority of
the Central Government or a State Government for the
purpose of payment of stamp duty in respect of an
immovable property.

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