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F-128 - Income Tax Declaration Form AY 2016-17
F-128 - Income Tax Declaration Form AY 2016-17
3 Deduction u/s 80C (Maximum investment of Rs.1.5 lacs including employees contribution to PF)
(a) Life Insurance premium paid for self, spouse & children (please attach summary at the top while submitting proofs) 40,035
(b) Repayment of Housing Loan, any instalment or part payment towards cost of purchase/construction of new residential property including payment of stamp
duty, registration fee and other expenses for purpose of transfer
(c) Tution Fees paid for full time education of two children (only tution fee component to be considered here) 67500
(d) PPF
(e) Subscription towards notified units of Mutual Funds
(f) ULIP of UTI
(g) National Saving Certificates,VIII Issue
(h) Deposit in a FDR for 5 years or more with a Scheduled Bank/Post Office in accordance with notified schemes
(i) Cont to notified Pension fund by Mutual fund or UTI
(j) Any other investment notified by the Central Government including Sukanya Samriddhi Scheme
4 Deduction u/s 80CCC Contribution to Pension Fund Scheme with LIC or other Insurer (Maximum Rs 1,50,000/- and the total deduction u/s 80C and 80CCC can’t
exceed Rs. 1.5 Lac.)
5 Deduction u/s 80CCD(1) Employee's contribution to National Pension Scheme:(upto 10% of salary and the total deduction u/s 80C ,80CCC and 80 CCD(1) can’t
exceed Rs. 1.5 Lac.)
6 Deduction u/s 80CCD(IB) Employee's contribution to National Pension Scheme:( maximum Rs 50,000/- in addition to the total deduction u/s 80C ,80CCC and 80
CCD(1) which can’t exceed Rs. 1.5 Lac.)
7 Deduction u/s 80CCG Investment in Rajiv Gandhi Equity Saving Scheme (RGESS)(deduction is allowed 50% on a maximum investment of Rs 50000/- to employees
having taxable income upto 12 lac. This is over and above the Rs. 1.5 lac deuction u/s 80C ,80CCC and 80 CCD. This deduction is allowed only for 3 consecutive
Assessment years beginning with the year first acquired.)
7 Deduction u/s 80D Medical Insurance (Premium shall be paid by Cheque/Credit Card only, deduction not allowed if paid in cash)
(a) Medical Insurance Premium paid for Self & Family ( Max. Rs 25,000, if >60 years: Rs. 30,000)
(b) Medical Insurance Premium paid for Parents ( Max. Rs 25,000, if >60 years: Rs. 30,000)
(c) Preventive health check ups (Max. Rs 5,000 for self, family and parents but within the overall limit stated above)
(d) Medical Expenditure in respect of Sr Citizen(80 yrs and above) if health insurance not paid (Max Rs 30,000 agt proofs of actual expenses incurred).
8 Deduction u/s 80DD Maintenance including medical treatment of a handicapped dependent who is a person with disability
(Please attach copy of certificate issued by specialist working in Government hospital for disability or mental retardation of dependent)
9 Deduction u/s 80DDB Medical Expenses incurred on treatment of a specified disease or ailment of self or dependents.
(Please attach copy of certificate issued in form 10-I by specialist working in Government hospital for disease.)
10 Deduction u/s 80E Interest on loan for higher education
A father can claim deduction if loan taken for kids study and interest there of is paid by him not by kids. In case of kids, deduction can be claimed if loan taken
for self study and interest is also paid by self not by father.
11 Deduction u/s 80U Deduction to a handicapped/disabled individual
(Please attach copy of certificate of disability or mental retardation issued by specialist working in Government hospital)
12 Income from previous employer
If you have joined LII during financial year 2015-16, please specify your income from previous employer in this financial year till you joined LII and attach 'proofs
(computation sheet) . In case no such income, please specity Nil.
13 Income from Any Other Sources
(a) Rental Income from House Property (if details about this house property is not covered at sr. no. 2 here above)
(b) Interest Income from Saving A/c or Recurring deposits (Interest income on Saving A/c or Recurring deposit wth Bank, post office or co-operative society
carrying banking business etc is exempted upto Rs 10,000 u/s 80TTA)
(c) Other Interest Income (i.e. interest on FDR and time deposits schemes with banks/post office/corporates)
(d) any other taxable income you wish to declare
14 In case of new joinee, the number of LTC exemptions availed during the current Block Years (i.e. 2014- 2017) from Previous employer.
I hereby declare that I will submit proofs of the above amounts in time as per company rules.
(Signature of employee)
A Whether HRA exemption claimed (plz specify 'Y' for yes and 'N' for no) In proofs, duly singed original rent
receipts bearing revenue stamp and copy
if yes, plz specify : Complete Address of accomodation of PAN where applicable is to be
submitted
Rent paid/to be paid during the year
PAN of Owner, if rent paid is Rs 1,00,000/- PA or more(i.e. Rs. 8,333/-PM or more)
B Housing Properties and Housing Loans details:
Plz note that to avail housing loan repayment/interest benefits you shall be owner or co-owner of property and borrower or co-borrower in loan. Benefits
are allowed in proportion of your ownership subject to payments made by you for loan.
1 Number of House Properties you own (Plz tick 1, 2 or 3 as the case may be) 1 2 3
2 Propertywise details: 1st prop 2st prop 3rd prop
Type of Loan (Please specify 'C' if loan is for construction, 'P' if loan is for purchase of ready
house or 'R' if loan is for renovation/alterations)
Status of Construction/possession (In case of construction loan please specify 'Date of
Completion/Possession' if completed, else plz note that the benefits of housing loan
repayment/interest are not allowed during construction period)
3 Ownership detail (Plz specify 'S' for sole ownership & 'J' for Joint ownership)
4 City/place of property
5 Self occupied/ Let-out (Plz specify 'S' for self occupied u/s 23(2)(a), 'DS' for self occupied u/s
23(2)(b) 'L' for Let-out u/s 23(3), 'DL' Deemed Let-out u/s 23(4)(b)). if a perosn occupy two or
more properties, only one is allowed as self occupied and all other will be taxable as deemed
letout at prevailing rent.
6 If property is Let-out, please specify rental income (Plz note, It should not be less than the
reasonable expected rent of such property in same location. In case of Joint ownership,
please declare your part of income only)
7 If property is Deemed Let-out, please specify rent reasonable expected of such property in
same location.
8 Details of housing loan payments made by you (Considering the note highlighted above in
yellow color, housing loan benefits shall be availed in proportion of your ownership and
subject to loan payments made by you and please note deduction for repayment of principal
is not allowed in case loan is taken for renovation/alteration/ addition etc.)
Signature of employee
Note: Please attach provisional Housing loan Repayment Certificate.