Index :

Sr. No. Declaration / Forms Applicable to / Action to be Taken

To be filled and submitted for all OLD &

1 Income Tax Declaration Forms
NEW Employees

To be filled by Employees who joined

2 Ex- Salary Details
with EPCE after 01.04.2022

To be filled by Employees who joined

3 Form 12B
with EPCE after 01.04.2022

To be filled and submitted, those who

Declaration For The Purpose Of
are first time applying with us for
4 Housing Loan Deduction U/S 24 Of
claiming deduction against Home Loan
Income Tax Act, 1961
Interest

Declaration For Joint / Co-Owner To be filled and submitted, those who

availing Tax benefits against HL are first time applying with us for
5
Interest / Repayment of Loan claiming deduction against Home Loan
Principal Interest

Checklist for claiming medical Employee's Parent who is super senior

6 expenditure on the health of citizen if Mediclaim insurance is not paid
parents : on the health of such person.

It is allowed for medical treatment of a

Checklist for claiming Deduction
7 dependant who is suffering from a
under section 80DDB
specified disease.

Checklist for claiming Deduction

8 Handicapped with Permanent Disability
under section 80U

Additional Information Sheet for Income Tax Knowledge

9 Key - details for Budget 22-23

10 Income Tax Deduction / Exemptions

11 Tax Slab for FY 2022-23

Final Date of submission

before 20.04.2022

before 20th of Joining month itself

before 20th of Joining month itself

before 20th of Joining month itself

before 20th of Joining month itself

At the time of Actual Investment Proof

Submission

At the time of Actual Investment Proof

Submission

At the time of Actual Investment Proof

Submission
 INCOME TAX DECLARATION FORM FOR THE F.Y 2022-2023
( To be used for actual tax saving investment proof submission made during the financial period of 01/04/2022 to 31/03/2023 )
Company Name Employee Code No.
Employee Name Marital Status
DOJ Nos of Child
PAN Number
Declaration for Old / New Tax Regime :

Are you opting for new tax regime u/s 115BAC ? ( refer Tax slab sheet) Yes / No

**To be paid after

*Paid amount
Item Particulars 20.02.23 but Total Amount
till 20.02.2023
before 31.03.2023

Deduction Under Section 10

The Rent will be paid (Rs.
I am staying in a rental house and the house is located in a METRO / NON _____________ X _______
METRO ( Tick whichever is applicable) I agree with below listed terms & -
months)
conditions as per company policy.
House Rent Terms & conditions :
(Sec 80GG) (1) Need to submit corresponding bank payment stmt agst Rent payment. PAN of Owner / Landlord :
(2)Copy of agreement covering period mainly of current financial year. (3)PAN
card copy of owner is also required. (4)Rent payment through cash is not _______________
allowed.

**To be paid after

*Paid amount
Max Limit 20.02.23 but Total Amount
till 20.02.2023
before 31.03.2023

Sec 80D - Mediclaim Insurance Premium (Self, Spouse, Chindren) -

25,000 for below 60 years &
50,000 for above 60 years
Sec 80D - Mediclaim Insurance Premium for Parents
Deduction Under
Chapter VI A Sec 80DD - Medical treatment/insurance of handicapped dependant 100,000 -

Sec 80E - Repayment of Interest on Loan taken for higher education No limit -

Sec 80U - Handicapped 100,000 -

Total - - -

**To be paid after

*Paid amount
Max Limit 20.02.23 but Total Amount
till 20.02.2023
before 31.03.2023

Contribution to Provident Fund Not required Not required Not required

Life Insurance Premium (please specify sum assured value as well -->) -

Fixed Deposit with Scheduled bank with term not less than 5 yrs -

Public Provident Fund (PPF) -

NSC -

Mutual Funds / ULIP / (SIP / ELSS / Tax Saver only) -

Housing Loan Repayment (please mention only Principal repayment amt) -

Deduction under Children Education Fee - restricted to a max of 2 childrens -
Section 80C, 80CCC
& 80CCD(1) NSC Deposit -

Others (please specify) -

Total 150,000 - - -

NPS [CCD(1)] - employees's contribution 50,000 -

NPS [CCD(2)] - Employer's contribution (max 10% of annual basic) -

Total - - -

Applicable only for the new employee who are joinned after 01/04/2022 Total Amount
Supporting document require : Salary certificate or Form 12B with tax
computation statement should be provided sepearately
Previous
Employment Salary SALARY paid by the Previous Employer after Sec 10 Exemption -
(Salary earned from -
PROFESSIONAL TAX deducted by the Previous Employer
01/04/22 to till date of
joining to EPCE) PROVIDENT FUND deducted by the Previous Employer -

INCOME TAX deducted by the Previous Employer -

This is optional:- Employee need to give Form 12C for this details.
Income other than -
salary income *

Max Limit Yes / No Max Limit Total Amount

Under construction->
Deduction under Interest on Housing Loan u/s 24b (need to submit provisional interest
Sole Ownership - >
Section 24 (b) certificate) 200,000
Property Self Occupied - >

* Note : Form 12 C along with the calculation of loss on house property needs to be attached for considering the above

Declaration:
1) I hereby declare that the information given above is correct and true in all respects.
2) I also undertake to indemnify the company for any loss/liability that may arise in the event of the above information being incorrect.

Date : Signature
Place: Name & Employee code
Insurance - LIC Policy Details

Sr. No. Policy Co Insured Name Relation with Employee

Self / Wife / Son / Daughter

For Eg. LIC / ICICI / Birla etc XYZ
/ Mother / Father

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Mediclaim Policy Details

Sr Policy Co Insured Name Relation with Employee

1 Self / Wife / Son / Daughter

Parents with age below 60
2
years
Parents with age above 60
3
years
Mutual Fund : SIP / Elss / Tax Saver

Payment frequency during

Sr Co Name SIP paid amount the period of 01.04.22 to
31.03.2023

1
2
3
4
5
6
7
8
9
10
11
 10% Amount is
Total Premium
Sum Assured Premium Payment Eligbile for
Policy No. to be paid
Value paid amount frequency deduction u/s 80
during FY 22-23
C

1,000,000 30,000 4 120,000 100,000

-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Total Premium Eligbile for

Maximum Premium Payment
Policy No. to be paid deduction u/s 80
Eligibility paid amount frequency
during FY 22-23 D

- -
- -
- -
 Amount is
Total Premium to
Eligbile for
be paid during FY
deduction u/s 80
22-23
C

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
 Statement showing salary earned from ex-employer for the period fro

Employee name :
PAN:
Name of Ex-employer(s)
TAN of the Ex -employer(s)
PAN of the Ex -employer(s)
Period of employment

Earning Heads Apr May Jun Jul Aug Sep

Basic
DA
HRA
Conveyance Allowance
Edu Allowance
Medical Allowance
Special Allowance
Other Allowance
Bonus
LTA
Leave Encashment
Medical Reimbursement
Other if any

Total Earning - - - - - -

PF - - - - - -
PT - - - - - -
TDS
Other if any
Total Deduction - - - - - -

Net Salary - - - - - -
ployer for the period from 01.04.2022 to 31.03.2023

Oct Nov Dec Jan Feb Mar Total

-
-
-
-
-
-
-
-
-
-
-
-
-
-
- - - - - - -
-
- - - - - - -
- - - - - - -
-
-
- - - - - - -

- - - - - - -
 FORM NO. 12B
[See rule 26A]
Form for furnishing details of income under section 192(2) for the year endi

Name and address of the employee: -

Permanent Account No.: -
Residential status: Resident

Particulars of salary as defined in section 17, paid or due to

be paid to the employee during the year

Total amount Total amount of

of salary excluding house rent allowance,
amounts required conveyance allowance
to be shown in and other allowances to
columns 7 and the extent chargeable to
8 tax[See section 10(13A)
read with rule 2A and
section 10(14)]

TAN of the Permanent Account

S. Name and address of employer(s) as Number of the Period of
No employer(s) allotted by the ITO employer(s) employment
1 2 3 4 5 6 7
- - - - - -

Verification

I, - do hereby declare that what is stated above is true

Verified Date : 5/9/2022

Place :
RM NO. 12B
ee rule 26A]
r section 192(2) for the year ending 31st March, 2023

defined in section 17, paid or due to

employee during the year

Value of
perquisites and amount
of accretion to
employee's provident
fund account (give
details in the Annexure) Amount deducted in
respect of life
insurance premium, Total amount of
provident fund tax deducted
contribution, etc., to during the year
Total of columns which sec. 80C † (enclose certificate
6, 7, applies (Give issued under
and 8 details) section 203) Remarks
8 9 10 11 12
- - - -

Signature of the employee

erification

at what is stated above is true to the best of my knowledge and belief.

Signature of the employee

 DECLARATION FOR THE PURPOSE OF DEDUCTION U/S 24 OF INCOME TAX ACT, 1961 (Housing Loan)
Sr. No. PARTICULARS
1 ADDRESS OF PROPERTY PURCHASED/CONSTRUCTED
2 STATUS OF PROPERTY
(SELF OCCUPIED/ LETOUT / VACANT)

3 HOUSING LOAN TAKEN FROM

4 DATE ON WHICH LOAN TAKEN
5 PURPOSE OF LOAN
(CONSTRUCTION/PURCHASE)

6 DATE ON WHICH CONSTRUCTION IS / WILL BE COMPLETED

(PLEASE MENTION MONTH & YEAR IF DATE CANNOT BE KNOWN)

7 DATE OF POSSESSION OF PROPERTY

8 OWNERSHIP
(JOINT OR SOLE)

9 IF JOINT OWNERSHIP
-NAME OF JOINT OWNER(s)
-RELATIONSHIP WITH JOINT OWNER(s)
-SHARE OF JOINT OWNER(s) IN PROPERTY
-WHETHER ANY SUM CONTRIBUTED BY JOINT OWNER IN ACQUIRING PROPERTY
AFORESAID
HOUSING LOAN
ACT,1961 ON
ACCOUNT OF HOUSING LOAN TAKEN FOR AFORESAID PROPERTY
10 AMOUNT OF INTEREST FOR THE FINANCIAL YEAR 2007-2008
11 AMOUNT OF INTEREST FOR PRE CONSTRUCTION PERIOD
(PLEASE REFER INSTRUCTIONS FOR PRE-CONSTRUCTION CONCEPT)

DECLARATION

I,do hereby declare that the aforesaid information is true and correct to the best of my information and belief and I shall indemnify the company
consequences if any information is later on found to be incorrect.

(Signature of Employee)
4 OF INCOME TAX ACT, 1961 (Housing Loan)

rmation and belief and I shall indemnify the company against all costs and
 NOTE : Please go through the Instructions before filing this form.

Annexure A
TO WHOMSOEVER IT MAY CONCERN
I,                                                             <<name of joint owner>>, being joint
owner to the extent of         % in property
                                                                                                              << Address
>> , do hereby declare that I am not paying EMI on housing loan taken against the aforesaid
am not claiming any deduction on account of interest or principal repayment under any prov
Income Tax Act, 1961.
Name & Signature of Joint Owner Date :

I,                                                                                     <<name of the
employee>>,do hereby declare that the above mentioned statement is true and correct and
to give me the deduction for the entire amount of interest and principle (subject to the lim
prescribed under the Act). Further, I also undertake to pay the amount of Income Ta
and penalty as may be levied by the tax authorities, in case if a different view is taken by t
officers with respect to the deduction granted to me on account of Income from House prope
year for which I have claimed such deduction.

Name & Signature of the Employee Date :

Annexure B
(To  be  filled  in  only  if  the  employee  wishes  to  furnish  any  other  income
(including loss under house property) other than salary income
Form for sending particulars of Income under section 192 (2B) read with rule 26
year ending 31st March, 2008
1. Name and address of the employee :

2. Permanent Account Number :

3. Residential status :
4. Particulars of Income under any head of Income other than “Salaries”(not being los
such head other than the Loss under the head “Income from house property”) received in th
year.
Amount (In Rs.)
(i) Income from house property
(in case of loss, enclose computation thereof)
a) Rent from Property
(In case any change is expected during the year please provide info. for the same)
b) House Tax
(ii) Income from other sources
a) Dividends
b) Interest
c) Other incomes (specify)

5. Aggregate of sub-items (i) to (ii) of item 4

6. Tax deducted at source (enclose certificate issued under section 203)
Verification
I,                                                              do hereby declare that what is stated above is true t
my knowledge and belief.
Verified today, the                                day of                          20
Place
Date
Signature of the employee
 NOTE : Please go through the Instructions before filing this form.

Annexure A
TO WHOMSOEVER IT MAY CONCERN
                                            <<name of joint owner>>, being joint
o the extent of         % in property
                                                                                  << Address
clare that I am not paying EMI on housing loan taken against the aforesaid property. I
ny deduction on account of interest or principal repayment under any provisions of the
1961.
re of Joint Owner Date :

                                                                         <<name of the
ereby declare that the above mentioned statement is true and correct and request you
duction for the entire amount of interest and principle (subject to the limit
the Act). Further, I also undertake to pay the amount of Income Tax, interest
may be levied by the tax authorities, in case if a different view is taken by the tax
ect to the deduction granted to me on account of Income from House property for any
ave claimed such deduction.

re of the Employee Date :

 only  if  the  employee  wishes  to  furnish  any  other  income
nder house property) other than salary income
ng particulars of Income under section 192 (2B) read with rule 26B for the
March, 2008
dress of the employee :

count Number :
atus :
Income under any head of Income other than “Salaries”(not being loss under any
han the Loss under the head “Income from house property”) received in the financial

Amount (In Rs.)
m house property
nclose computation thereof)
Property
ge is expected during the year please provide info. for the same)
m other sources

mes (specify)

ub-items (i) to (ii) of item 4

at source (enclose certificate issued under section 203)
Verification
                                    do hereby declare that what is stated above is true to the best of
d belief.
e                                day of                          20

mployee
 Checklist for claiming medical expenditure on the health of parents :
1 Name of the Parent :

2 Parents include Father and Mother ( dependant or otherwise). Father-in-law and Mother-in-Law are not
included.
Therefore, please specify the relation :

3 Parent who "Super Senior Citizen" is a resident individual who is at least 80 years of age at any time
during the current financial period.
Therefore, please specify as below :
Resident ( Yes or No )
DOB in dd/mm/yyyy
AGE in years

4 Parent who is super senior citizen if mediclaim insurance is not paid on the health of such person.
Therefore, please specify whether available or not (Yes/ No) :

5 Summary of Medical Health expenses to the extent of Rs.50000/- only :

Name of Hospital / Supplier Details of Proof

Sr. No. Date Invoice No. of mediciines or any other Amount in INR Payment mode attached ( including
services payment proof)

Total -

I certify that the above facts are true to the best of my knowledge and belief and I understand that I subject myself to
disciplinary action in the event that the above facts are found to be falsified

Place Signature

Date Name
 Checklist for claiming Deduction under section 80DDB is allowed for medical treatment of a dependant who is
suffering from a specified disease :

1 Name of the said dependant :

2
The said Dependant shall mean spouse, children, parents and siblings

Therefore, please specify the relation :

3 Submit the relevant certificate as stated below :

The following details are to be included in the certificate as per the income tax department:
The name of the patient
The age of the patient
The name of the ailment or the disease in question
Details of the specialist such as:
Name
Address
Qualification
Registration Number
If treatment of the patient is taking place at a government owned hospital, then the name of the hospital as well as its
address will have to be mentioned in the certificate.

5 Details of actual paid amount for the medical treatment :

Name of Hospital / Supplier Details of Proof

Sr. No. Date Invoice No. of medicines or any other Amount in INR Payment mode attached ( including
services payment proof)

Total -

I certify that the above facts are true to the best of my knowledge and belief and I understand that I subject myself to
disciplinary action in the event that the above facts are found to be falsified

Place Signature

Date Name
Nature of tax saving investment

House rent benefit

Housing loan interest

LIC, PPF, Fixed Deposit, NSC, ULIP,

ELSS etc

Section wise deduction amount

Deduction under section

80 C
80 CCC

80 CCD (1)

80 CCD (2)
80 CCD(1B)
80 CCG
80 D
80 DD
80 DDB

80 E

80 EE

80EEA
80EEB

80 G

80 GG

80 GGA
80 GGC

80 QQB

80 RRB

80 TTA

80 U
Action to be taken by employee for submitting proof

Those who are availing house rent benefit needs to submit

original rent receipts (with revenue stamp) along with
corresponding bank payment stmt & copy of agreement at
the end of year. If the rent payment during the year is more
than Rs.1 lakh then the PAN card copy of owner is also
required. Rent payment through cash is not allowed

Provisional interest certificate for fy 2020-21 has to be

submitted immediately

Consolidated premium payment certificate or copy of

receipt of payment made is required at the end of Feb'2021

Max limit

150000

max 10% of basic salary

50000
50% of amt invested in equity shares

125000
40000

entire interest amt

50000

200000
 150000

50% or 100%

300000

300000

10000

75000 but if severe disability then 125000

Nature of deduction
contribution to PF, PPF, LIC, ELSS, NSC, FD etc
contribution to pension fund

contribution towards NPS by employee

contribution towards NPS by employer (15% if onctri by Central govt)

contribution towards NPS by individual assessee (employee)
investment made under Rajiv Gandhi Equity saving scheme
Rs.25k for family, additional Rs.25k for parents (includes preventive check-ups)
medical treatment of handicapped dependent
medical treatment of a specified disease

interest on loan taken for higher education

interest on loan taken for residential house property (value of house property should
not be more than Rs.50 lakh & loan amt not more than Rs.35 lakh (loan sanction
during 1.4.2016 to 31.03.2017)
Interest on housing loan
Interest on loan taken for purchase of electric vehicle

donations to certain funds, charitable institutes

rent paid (house rent allowance should not be earned & he or she should not own any
residential accommodation in India or Abroad - deduction will be the least of
Rs.5000/- [per month, 25% of total income or the excess of actual rent paid over 10%
of total income

donation for scientific research or rural development

contribution given by any person to political parties

deduction in respect of royalty income of authors

deduction in respect of royalty income on patents

deduction in respect of interest on deposits in savings accounts

deduction in case of a person with disability

annuity plan

max 10% of basic salary

Column1
Section
(1)

80CCC

80CCD

80CCF

80D

80DD

80DDB

80E
80EE

80EEA

80EEB

80G

80GG

80GGA
80GGB
80GGC

80-IA

80-IAB

80-IAC
80-IB

80-IBA

80-IC

80-ID

80-IE

80JJA

80JJAA

80LA

80M

80P
80QQB

80RRB

80TTA
80TTB

80U

87A
Column2
Nature of deduction
(2)

Contributions to certain pension funds of LIC or any other insurer (up to Rs. 1,50,000) (subject to
certain conditions)

Contribution to pension scheme notified by Central Government up to 10% of salary (subject to

certain conditions and limits)
Contribution made by employer shall also be allowed as deduction under 80CCD(2) while computing
total income of the employee. However, amount of deduction could not exceed 14% of salary where
contribution is made by central government and 10% of salary, where contribution is made by any
other employee.
Amount up to Rs. 20,000, paid or deposited, during the previous years relevant to assessment year
2011-12 or 2012-13, as subscription to notified long-term infrastructure bonds
Amount
Deduction paid (in any
of Rs. 75,000mode (Rs.other than cash)
1,25,000 in case by ofansevere
individual or HUFtotoaLIC
disability) or other
resident insurer to effect
individual/HUF
■
or specified
keep in person
force an means:
insurance on the health of specified person. An individual can also maketraining
where (a) any expenditure has been incurred for the medical treatment (including nursing),
–   In case
payment to of Individual
the Central – self, spouse,
Government dependent
health scheme children
and/or or
on parents
account of preventive health check-up
and rehabilitation of a dependant, being a person with disability [as defined under Persons with
–   In case
(subject to of HUF – Any member thereof
limit)
Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995] (w.e.f.
■  Deduction for preventive health check-up shall not exceed in aggregate Rs. 5,000.
assessment year 2005-06 including autism, cerebral palsy and multiple disability as referred to in
■  Payment on account of preventive health check-up may be made in cash.
National
ExpensesTrust for Welfare
actually paid forof Persons
medical with Autism,
treatment Cerebral
of specified Palsy, Mental
diseases Retardation
and ailments subject & to
Multiple
certain
Disabilities
conditions Act, 1999), or (b) any amount is paid or deposited under an approved scheme framed in
Amount
this behalf
Donations paid out
theof
bycertain
to LICincome
or anychargeable
approved other insurer
funds, to tax by Administrator
way ofinstitutions/donations
or charitable
trusts, the payment or of
theinterest
specifiedon loan
forcompanytakenforfrom
renovation therepairs
or
financial
maintenance institution/approved
of a dependent, charitable
being a institution
person with for pursuing
disability higher
(subject
of notified temples, etc. [amount of deduction is 50 per cent of net qualifying amount]. 100 toeducation (subject
certain conditions) toper
certain
cent of
Interest payable
conditions)
qualifying (maximum
donations on loan taken: 8
to period
National by an individual
years)
Defence Fund, from Primeany financialNational
Minister’s institution for the
Relief purpose
Fund, Primeof
acquisition of a residential
Minister’s Citizen Assistance house
and property
Relief in subject
Emergency to certain condition.
Situations Fund (Maximum
(PM CARES deduction
FUND) Prime50,000)
Interest payable on loan taken by an individual, who is not eligible
Minister’s Armenia Earthquake Relief Fund, Africa (Public Contributions – India) Fund, National to claim deduction under 80EE,
from any financial
Children’s Fund (from institution for the
1-4-2014), purpose of or
Government acquisition
approvedofassociation
a residentialforhouse
promotingproperty subject
family to
planning,
certain condition. (Maximum deduction 1,50,000)
universities and approved educational institutions of national eminence, National Foundation for
Communal
Interest payable Harmony,on loan Chief
takenMinister’s Earthquake
by an individual fromRelief Fund (Maharashtra),
any financial institution forZila
theSaksharta
purpose ofSamitis,
National
purchaseorofState Blood vehicle
an electric Transfusion Council,
subject to certainFund set up by(Maximum
condition. State Government
deductionto1,50,000)
provide medical
relief to the poor, Army Central Welfare Fund, Indian Naval Benevolent Fund and Air Force Central
Welfare Fund, Andhra Pradesh Chief Minister’s Cyclone Relief Fund, National Illness Assistance
Fund,paid
Rent Chief in Minister’s
excess of Relief
10% ofFund totalor the Lt.for
income Governor’s Relief Fund inresi-dential
furnished/unfurnished respect of accommodation
any State or Union
Territory,toNational
(subject maximum Sportsof Rs.Fund,
5,000 National
p.m. orCultural
25% of Fund, Fund for
total income, Technology
whichever Development
is less) (subject toand certain
Application, Indian Olympic Association, etc., fund set up by State Government of Gujarat exclusively
conditions)
Certain donations
for providing relief for scientific,
to victims social or statistical
of earthquake in Gujarat, research
Nationalor rural
Trustdevelopment
for Welfare of programme
Persons with or for
carrying out an eligible project or scheme or National Urban Poverty
Autism, Cerebral palsy, Mental retardation and Multiple Disabilities, and sums paid between 26-1- Eradication Fund (subject to
certain
2001 conditions)
and 30-9-2001
Sum contributed to any to any eligible
political trust, institution
party/electoral trustor fund for providing relief to Gujarat earthquake
victims, the Swachh Bharat Kosh and the Clean Ganga Fund (from assessment year 2015-16) and
Sum contributed
National Fund fortoControlany political
of Drug party/electoral trust
Abuse (from assessment year 2016-17) [subject to certain
conditions and limits]
For certain incomes
Profits and gains from industrial undertakings engaged in infrastructure facility, telecommunication
services, industrial park, development of Special Economic Zone, power undertakings, etc. (subject
to
Nocertain
deductionconditions
under thisandsection
limits) shall be available to an enterprise which starts the development or
operation and maintenance of the infrastructure facility on or after the 1st day of April, 2017.
Profits and gains derived by undertaking/enterprise from business of developing a Special Economic
Zone notified on or after 1-4-2005 (subject to certain conditions and limits)

No deduction under this section shall be available to an assessee, being a developer, where the
development of Special Economic Zone begins on or after the 1st day of April, 2017.

Profit and gains derived by an eligible start-up from specified business on or after 1-4-2017 (subject
to certain conditions)
Profits and gains from industrial undertakings, cold storage plant, hotel, scientific research &
development, mineral oil concern, housing projects, cold chain facility, multiplex theatres, convention
Profits
centres,and gains
ships, derived
etc. by to
(subject ancertain
undertaking or anand
conditions enterprise
limits) in special category States (Himachal
Pradesh,
Profits andUttaranchal,
gains derivedArunachal Pradesh,
by assessee fromAssam, Manipur,
the business Meghalaya,and
of developing Mizoram,
buildingNagaland
affordableand
Tripura)
housing (subject
projects.to certainto
(subject limits, time
certain limits and conditions),
conditions)
(a) which has begun or begins to manufacture or produce any article or thing, not being any article or
thing specified in the Thirteenth Schedule, or which manufactures or produces any article or thing,
not being any article or thing specified in the Thirteenth Schedule and undertakes substantial
expansion during the specified period.
(b) which has begun or begins to manufacture or produce any article or thing specified in the
Fourteenth Schedule or commences any operation specified in that Schedule, or which
Profits and gains
manufactures from business
or produces of hotels
any article and convention
or thing, specified incentres in specified
the Fourteenth areas (subject
Schedule to
or commences
certain conditions).
any operation specified in that Schedule and undertakes substantial expansion during the specified
period
Deduction in respect of certain undertakings in North Eastern States.
Entire income from business of collecting and processing or treating of bio-degradable waste for
generating power, or producing bio-fertilizers, bio-pesticides or other biological agents or for
producing bio-gas, making pellets or briquettes for fuel or organic manure (for 5 consecutive
assessment years)

Deduction of 30% of additional employee cost in respect of employment of new employees.

Additional employee cost means total emoluments paid or payable to additional employees
employed during the previous year.
Deduction shall be allowed for first three Assessment Years including the Assessment Year relevant
to previous year in which such employment is provided.
(Subject to certain other condition)

Certain incomes of Scheduled banks/banks incorporated outside India having Offshore Banking
Units in a Special Economic Zone/Units of International Financial Services Centre (subject to certain
conditions and limits)

Inter-corporate dividend shall be allowed to be reduced from total income of company receiving the
dividend if same is further distributed to shareholders one month prior to the due date of filing of
return.
Specified incomes [subject to varying limits specified in sub-section (2)]
Royalty income of author of certain specified category of books (up to Rs. 3,00,000) (subject to
certain conditions)
Royalty on patents up to Rs. 3,00,000 in the case of a resident individual who is a patentee and is in
receipt of income by way of royalty in respect of a patent registered on or after 1-4-2003 (subject to
certain conditions).

Interest on deposits in savings bank accounts (up to Rs. 10,000 per year)
Interest on deposit in saving account or fixed deposit (upto Rs. 50,000 per year)
Deduction of Rs. 75,000 to a resident individual who, at any time during the previous year, is certified
by the medical authority to be a person with disability [as defined under Persons with Disabilities
(Equal Opportunities, Protection of Rights and Full Participation) Act, 1995] [w.e.f. assessment year
2005-06 including autism, cerebral palsy, and multiple disabilities as defined under National Trust for
Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple Disabilities Act, 1999]
[in the case of a person with severe disability, allowable deduction is Rs. 1,25,000] (subject to certain
conditions).
Rebates
Tax rebate in case of individual resident in India, whose total income does not exceed Rs. 5,00,000
quantum of rebate shall be an amount equal to hundred per cent of such income-tax or an amount of
Rs. 12,500, whichever is less.
Column3
Who can claim
(3)

Individual

Individual

Individual/HUF

Individual/HUF

Resident Individual/HUF

Resident Individual/HUF

Individual
Individual

Individual

Individual

All assessees

Individuals not receiving any

house rent allowance
All assessees not having any
income chargeable under the
head ‘Profits and gains of
Indian
business
All company
or profession’
assessees, other than
local authority and artificial
juridical person wholly or
partly funded by Government

All assessees

Assessee being Developer of

SEZ

Company and LLP

All assessees_x000D_

No deduction shall be
available to an enterprise
which commence the
business activity on or after
All assessees
1-4-2017.

All assessees

All assessees

All assessees

All assessees

Assessee to whom section
44AB applies

Scheduled Banks/banks
incorporated outside
India/Units of International
Financial Services Centre

Domestic Company

Co-operative societies
Resident Individual – Author

Resident individuals

Individuals/HUFs (except
Senior Citizen)
Senior citizen

Resident individuals

Resident Individual
 Existing Income tax slabs for financial year 2022-23

Standard deduction of Rs.50,000/-

Income Tax Slabs for Male & Female Tax Rate

Up to Rs 250,000 Nil
Rs 250,001 to Rs 500,000 * 5%
Rs 500,001 to Rs 10,00,000 20%
above Rs 10,00,000 30%

Over & above tax, Education cees @4% is applicable

Surcharge is applicable @ 10% if Taxable income is above 50 lakh up to 1 crore
Surcharge is applicable @ 15% if Taxable income is above 1 crore up to 2 crore

Note:
1 Standard deduction Rs.50,000/-

2 Rebate under section 87A is available to individual whose net income does not exceed Rs.5 lakh
The amount of rebate is 100% of income-tax or Rs.12,500/- whichever is less
It means if your taxable income is below Rs.5 lakh then no need to pay any tax
 New Income tax slabs for financial year 2022-2

Income Tax Slabs for Male & Female

Up to Rs 250,000
Rs 250,001 to Rs 500,000 *
Rs 500,001 to Rs 7,50,000
Rs.7,50,001 to Rs.10,00,000
Rs. 10,00,001 to Rs. 12,50,000

Rs. 12,50,001 to Rs. 15,00,000

Rs. 15,00,001 & above

Over & above tax, Education cees @4% is applicable

Surcharge is applicable @ 10% if Taxable income is above 50 lakh u
Surcharge is applicable @ 15% if Taxable income is above 1 crore up

oes not exceed Rs.5 lakh Note:

No deduction is available except rebate u/s 87A
or financial year 2022-23

Tax Rate
Nil
5%
10%
15%
20%

25%
30%

4% is applicable
xable income is above 50 lakh up to 1 crore
xable income is above 1 crore up to 2 crore

ate u/s 87A