INCOME TAX PROOF SUBMISSION – FY 2020-21

DETAILED GUIDELINES

GUIDELINES ON PROOF SUBMISSION FOR INCOME TAX PURPOSE - FY2020-21

In respect of submission of proof(s) for exempt income/investments/tax benefit, you need to

submit the investment declaration online –

STEPS TO FOLLOW:

1. Under each investment check if amount declared/to be declared is as per proof (if the
amount is not matching with proof entire amount will be rejected)
2. Attach proof of investments for the current year against each investment declared
3. Click on ‘Save’ as you complete each section of investments
4. Click on ‘Submit’ once you have completed validating all amounts declared and proof
attached. Once you submit, no further changes can be done.
5. Review the Form 12BB (Final declaration with proof), validate all amounts declared and
provide digital acceptance.

DETAILED GUIDELINES ON PROOF SUBMISSION:

1. Rent Receipt- (HRA Exemption U/S 10 (13A)

A. Original rent receipt as per Annexure I has to be submitted from April 2020 or the month
in which you have joined the organization, whichever is later, till December 2020 or the
month upto which you have paid rent.

Note:
• Please enter only RENT PER MONTH online, even if you are submitting rent
receipts quarterly/half yearly/ yearly
• Even if you submit the rent agreement, rent receipts is mandatory to be submitted
as proof of rent payment)

B. Submit Declaration of rent amount payable from January 2021 till March 2021
(both online as well as hard copy declaration as per format to be attached
(Annexure2), where applicable.

C. Rent receipts over Rs. 5000 shall be affixed with Re. 1 Revenue Stamp

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D. Where the rent is more than Rs.8, 300/- pm (Rs. 100,000 PA) –PAN Number of landlord
is required along with rent receipt.

E. Select Metro only if you are residing in Mumbai (Thane, Navi Mumbai is Non Metro),
Delhi (Gurugram is Non Metro), Chennai and Kolkata all other location are non-metro.

F. Rent and Loss from Self Occupied House property in the same city cannot be claimed in
the same city (You may claim as deemed to be let out by including rent as per city
norms or as per rent published by the municipal corporation for that location)

2. Chapter VI A:

Medical Insurance Premium - (Sec 80D)

Submit Copy of insurance premium receipt paid during the current financial year 20-21.
Insurance premium should be paid only by Cheque/NEFT/RTGS. Payment of premium by
Cash is not allowed (Submit Schedule for payment of Medical Insurance Premium for the
Financial Year 2020-21 as per Annexure 4)

A. If the premium is due between January 2021 (post cut off) and 31 March 2021, a
declaration (Annexure 3) stating that the premium will be paid before 15 March 2021
(along with proof of insurance premium paid receipt for the immediate previous
Financial Year 19-20)

B. Premium should be paid from your bank account

C. If Single premium is paid in previous financial year covering multi year tenure,
proportionate deduction is allowed in the current year ONLY if the entire amount is not
claimed in previous year/years. Attach premium receipt and declaration that the amount
is not claimed fully in any of the previous financial years

D. Expenditure incurred on preventive health care for Self, Family & Parents deduction up
to Rs 5,000 can be allowed (This amount is within the overall limit and not additional
deduction).

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DETAILED GUIDELINES

Particulars Case-1 Case-2 Case-3

Self & Parents (no Self & Family Parents Self & Parents
Family one of them is (no one of (atleast one Family (atleast
(no one of a senior them is a of them is a (atleast one of
them is a citizen) senior citizen) senior one of them is a
senior citizen) them is senior
citizen) a senior citizen)
citizen)
Medical 25,000 25,000 25,000 50,000 50,000 50,000
Insurance, etc.*
Medical -- -- -- 50,000 50,000 50,000
Expenditure* *
Maximum 25,000 25,000 25,000 50,000 50,000 50,000
deduction
allowable
Aggregate 50,000 75,000 1,00,000
amount of
deduction
allowable
under section
80D
* Includes (i) contribution to the Central Government Health Scheme/notified scheme for
self & family; and (ii) amount paid for preventive health check-up up to Rs. 5,000/-.
** Allowable only if no amount is paid for medical insurance.

Maintenance/Medical Treatment/Contribution to Scheme for maintenance of

dependant with disability - (Sec 80DD)– Autism, cerebral palsy, multiple disabilities

A. Proof of payment or deposit under the Scheme.

B. Copy of disability certificate
C. Limit – Rs. 75000 for disability, Rs. 125,000 for Severe Disability (Certificate should
mention severity percentage)
D. Copy of the certificate issued by the medical authority in the form and manner as
prescribed by various notifications contained in Rule 11A.I.e. certificate issued in FORM
10-IA by

(i) a Neurologist having a degree of Doctor of Medicine (MD) in Neurology (in case of
children, a Pediatric Neurologist having an equivalent degree); or
(ii) A Civil Surgeon or Chief Medical Officer in a Government hospital.
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http://www.incometaxindia.gov.in/Pages/rules/income-tax-rules-1962.aspx (See 11A)

Deduction in respect of repayment of interest on loan taken for higher education of

self , Spouse, Children (Sec 80E)

A. Copy of passbook showing the repayment of interest thereon.

B. Copy of Certificate issued by the financial institution or approved charitable institution.

Donations under sec 80G – DEDUCTION NOT ALLOWED IN TDS COMPUTATION

Deduction is allowed only in case employer gives a certificate of donation. This is when the
employer deducts the donation amount from salary and makes donation

Deduction in case of a person with disability (Self) (Sec 80U)

A. Copy of Disability Certificate

B. Limit – Rs. 75000 for disability, Rs. 125,000 for Severe Disability (Certificate should
mention severity percentage)
C. Copy of the certificate issued by the medical authority in the form and manner as
prescribed by various notifications contained in Rule 11A.I.e. certificate issued in
FORM 10-IA by
(i) a Neurologist having a degree of Doctor of Medicine (MD) in Neurology (in case of
children, a Pediatric Neurologist having an equivalent degree); or
(ii) A Civil Surgeon or Chief Medical Officer in a Government hospital.

http://www.incometaxindia.gov.in/Pages/rules/income-tax-rules-1962.aspx (See 11A)

Deduction in respect of medical treatment of (Self or Dependent) (Sec 80DDB)

A. A prescription from a specialist (oncologist, a urologist, nephrologist, a haematologist, an

immunologist or such other specialist ) as specified in the Rules 11DD containing the name
and age the patient, name of the disease/ailment along with the name, address, registration
number & qualification of the specialist issuing the prescription would now be required.
B. Limit Rs. 40,000, For dependent senior citizen Limit is Rs. 100,000

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C. For the purposes of section 80DDB, the following shall be the eligible diseases or
ailments :

1. Neurological Diseases where the disability level has been certified to be of 40% and
above,—
a. Dementia ;
b. Dystonia Musculorum Deformans ;
c. Motor Neuron Disease ;
d. Ataxia ;
e. Chorea ;
f. Hemiballismus ;
g. Aphasia ;
h. Parkinsons Disease ;
2. Malignant Cancers ;
3. Full Blown Acquired Immuno-Deficiency Syndrome (AIDS) ;
4. Chronic Renal failure ; (v) Hematological disorders :

(i) Hemophilia ;
(ii) Thalassaemia.

http://www.incometaxindia.gov.in/Pages/rules/income-tax-rules-1962.aspx (See 11DD)

Section 80EEB– Deduction in respect of interest paid on loan taken for the purchase of
electric vehicle
A deduction for interest payments up to Rs 1,50,000 is available under Section 80EEB.
An individual taxpayer may have an electric vehicle for personal use or for business use.
This deduction would facilitate individuals having an electric vehicle for personal use to
claim the interest paid on the vehicle loan.

Conditions for claiming the deduction

1. The loan must be sanctioned anytime during the period starting from 1 April 2019 till
31 March 2023.
2. Certificate of interest and principal repayment from financial institution

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Deduction under Section 80C:

(i) Life Insurance Premium / Deferred Annuity/ ULIP/ Pension Funds

A. Copy of premium receipt is required. (Premium Intimation / Proposal Deposit

receipt are not allowed.)

B. Premium should be paid from your bank account

C. Policy can be in the name of SELF, SPOUSE OR CHILDREN (NOT PARENTS)

D. If the premium is due between January 2021 (Post Cut off) and 31 March 2021, a
declaration (Annexure 6) stating that the premium will be paid before 15 March
2021 (along with proof of insurance premium paid receipt for the immediate
previous Financial Year 19-20)

E. If the amount of premium paid in a financial year for a policy issued on and after
April 1, 2012 is in excess of 10% of the actual capital sum assured, then deduction
will be allowed only for premiums upto 10% of the actual capital sum assured.
Attach Policy Copy.

F. Schedule for payment of Life Insurance Premium for the Financial Year 2020-21
(Annexure 7). Mandatory for those having more than one policy

(ii) PPF
.
A. Copy of passbook showing the credit along with the cover page showing account
holder’s name & type of account as PPF. OR Copy of challan duly acknowledged
by the Bank

B. PPF Contribution should be paid from your bank account

C. PPF Can be done in the name of SELF, SPOUSE OR CHILDREN (NOT PARENTS)

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(iii) NSC

A. Copy of certificate purchased

B. NSC Contribution should be paid from your bank account

C. NSC Can be done in the name of SELF, SPOUSE OR CHILDREN (NOT PARENTS)

(iv) Investment in Equity linked saving schemes of Mutual Funds – ELSS

A. Copy of account statement, highlighting that the scheme is eligible for

exemption under Sec 80C. Please also highlight the amount claimed.

B. Counter foil, duly signed by the Bank/Institution with scheme particulars

C. If the payment/SIP is due between January 2021 (Post cut off) and 31 March
2021, a declaration (Annexure 8) stating that the payment will be made
before 15 March 2021 along with photocopy of payment receipt of last
financial year

D. Schedule for payment for Mutual Funds/ELSS for the Financial Year 2020-21
(Annexure 9). Mandatory for those having more than one scheme

(v) Tuition Fees – Max 2 children

A. Original Receipts from School, College, University. Receipts should bear

the STAMP OF SCHOOL AND SIGNED BY OFFICIAL

B. Name of the child and period for which Tuition fee is paid should be
clearly mentioned

C. Only Tuition fee for full time course allowed, includes play-school activities,
pre-nursery and nursery classes.
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D. Donation, development fee, Capitation fee and payments of similar nature

will NOT BE ALLOWED under this section

E. If the payment of Tuition fee is due between January 2021 (Post cut off)
and 31 March 2021, a declaration (Annexure 8) stating that the payment
will be made before 15 March 2021 along with photocopy of payment
receipt of last financial year

F. Schedule of payment for Tuition Fees for the Financial Year 2020-21
(Annexure 11). Mandatory for all claims

(vi) Principal Loan Repayment for Housing Loan- CAN BE CLAIMED ONLY IF THE HOUSE
CONSTRUCTION IS COMPLETED

A. Copy of Stamp duty, registration fee and other legal expenses for the purpose of
transfer of such house property to the assesse

B. Copy of provisional certificate received from the Bank/financial institution.

(Statement of account is NOT ACCEPTED. ONLY PROVISIONAL INTEREST &
PRINCIPAL CERTIFICATE ALLOWED)

(vii) Bank term deposit scheme' subsequent to notification issued by the Govt. under
sec 80C(2)(xxi) of IT act
A. Copy of Fixed deposit receipt. (the benefit under this will be available only
to the first holder of the deposit).The deposit should have a lock in period
of 5 years from the date of receipt.

B. Only FD done in the current year in eligible

(viii) Rajiv Gandhi Equity Savings Scheme (RGESS), 2014, (Sec 80CCG) – NO
DEDUCTION FROM FY 2019-20

(ix) National Pension Scheme (80CCD(1B))

A. Maximum exemption limit under this section is 50000/-
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B. Only employee contribution to the NPS is allowed (NOT EMPLOYER

CONTRIBUTION)
C. Statement from the bank / equivalent institution for contribution towards
NPS.

(x) Section 80EE – Deduction for interest paid on home loan

A deduction for interest payments up to Rs 50,000 is available under Section

80EE. This deduction is over and above the deduction of Rs 2 lakh for interest
payments available under Section 24 of the Income Tax Act. The deduction is
allowed for up to Rs. 50,000 per year until the loan is repaid.

Conditions for claiming the deduction

1. Value of the house should be Rs 50 lakhs or less

2. Loan taken for the house must be Rs 35 lakhs or less
3. The loan must be sanctioned by a Financial Institution or a Housing Finance
Company
4. The loan must be sanctioned between 01.04.2016 to 31.03.2017
5. As on the date of the sanction of loan, no other house property must be
owned by you

(xi) Section 80EEA – Deduction for interest paid on home loan

A deduction for interest payments up to Rs 1,50,000 is available under Section

80EEA. This deduction is over and above the deduction of Rs 2 lakh for interest
payments available under Section 24 of the Income Tax Act.

Conditions for claiming the deduction

1. Stamp duty value of the house property should be Rs 45 lakhs or less

2. Housing loans taken during the period between 1 April 2019 and 31
March 2020.
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3. The individual taxpayer should not be eligible to claim deduction under the
existing Section 80EE.
4. The taxpayer should be a first-time home buyer. The taxpayer should not
own any residential house property as on the date of sanction of the loan.

3. Interest on housing loan (Sec 24) – CAN BE CLAIMED ONLY IF THE HOUSE
CONSTRUCTION IS COMPLETED

A. Details of loss from House Property (Annexure 5) along with completion certificate
from Municipal Authority/possession certificate from Builder/1st & last page of
registry in case of purchase of house under resale, duly supported by detailed
computation of Income from House Property and certificate from the institution,
from whom the capital was borrowed, stating the interest & principal payable for
the year.

B. In case you are claiming for both HRA benefit and Loss from house Property benefit
u/s 24 for the house

1) The house property should be in a different city other than the city in which you are
employed and working

2) If the house property is in the same city then you need to claim as deemed to be let
out and show current reasonable expected rent of the property deemed to be let out.
(Refer Annexure 5).

C. Copy of provisional certificate received from the financial institution.

D. From Financial Year 2017-18 deduction for interest on let out property is allowed
upto Rs 2 Lakh for both self-occupied and Let Out. You can start claiming this interest when
the construction of your property is complete.

Note:-
The loan statement or repayment schedule issued by the financial institution will not
be considered as a proof. You are requested to initiate the request for the provisional
certificate from financial institution well in advance.

Below Documents required for availing the above benefit.

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(I) Loan sanctioned Certificate B) Relevant Registry page where amount of property
is mentioned and highlight the same. C) Possession proof and d) Home loan
certificate for FY 2020-21

4. Previous Employment Salary:

• Copy of Form 16 or a certified computation of taxable income for previous employment

period (during 2020-21) issued by the concerned employer along with signed form 12B.

Important Points:

• Kindly upload all the supporting document(s), against each investment line item declared
before the cut off date. Do not submit the Online Proof form unless all supporting proof
documents are attached.

• Declaration will be considered ONLY in case of existing policies where premium/Payment

is due after the cut-off date. Any New investments should be done before the cut off
date. No NEW PLANNED INVESTMENTS WILL BE CONSIDERED AFTER CUT OFF DATE.

• Employee's contribution deducted by employer towards Provident Fund will

automatically get considered for 80C deduction. You do not have to mention the EPF
contribution in the Investment cover sheet.

• User has to select the Tax regime, then only it will be allowed to update the investment
Proof (If a user has selected the tax regime previously during the current year, he can
proceed to update the proof form - No changes allowed in the tax regime).

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