TELANGANA STATE POWER GENERATION CORPORATION LIMITED

VidyutSoudha, l,tyderabad - 5000g2.

Website: www.tsgenco.co.in Email ld. dycca-erp(Otqegnc,o.go*in

O/o Financial Advisor and Chief

Controller of Accounts (Res.) & CFO,
Hyderabad.

Sub:- TSGENCO - - Income Tax for the FY - 202I-2022 -Opting to new regirne of
CPRS
tax or furnishing of proof of savings for Income Tax exemption - Circular -
lssued.

It is to inform that, a new Section 115BAC of Income Tax Act, Lg6L was inserted by the
Finance Act,2O2o wherein EmployeescanoptforthisSection (newregime) ormaycontinuein
Old regime.

A. (i) The employees intending to opt for Section 115BAC shall explicitly submit their option
either in ESS portal or shall furnish their willingness in writing to the DDO concerned by
30th Octobe r'2o2L.
(ii) No proof of savings need to be submitted in these cases as no exemptions and
deductions are allowed from the total income.

(iii) lt may be noted that, option once exercised cannot be modified during the year.

B. (i) In respect of employees who intend to opt under old regime of tax during this financial
Year, proof of savings along with Form 12C and Annexure-l shall be submitted, as was
done earlier, to the DDO concerned by 30th October,2o2L,failing which, the TDS will be
calculated and recovered based on the data available in pay Roll Sections from
Novem ber' 2O2L onwards.

(ii) For claiming interest exemptions for new HBA loans taken during zo2l-22, ownership
proof also shall be submitted.

C. lf no option is exercised, it is construed that employee is willing to continue in old regime

and it shall be treated accordingly.
A
l+.J\
Financial Adv'isor arfd Chief
Encl: Annexure-l and Form 12C. Controller of Accounts (Resources) & CFO.
To
The lndividual Employees through registered mail l.Ds.
Al I Fu nctiona I H eads at H ead euarters/TSc EN Co/Hydera bad.
AllStation Heads for wide Circulation among all employees of the Unit and arrange to place in the
Notice Boards.
All the D.D.Os for immediate necessary action.
 FORM NO.12C
WORKING SHEET FOR INCOME TAX REBATE FOR HOUSING LOAN
(rNcoME TAX EXEMPT|ON UNDER SECTTN t92l2Bl
1) GENCO ID
2l NAME
3) DESTGNATTON
4) UNrr
5) P.A.N. No.
6) RESTDENTTAL ADDRESS
7) Particulars of income/loss from house poroperty
a) Name of the Lender with PAN Number
b) Name ofthe owner ofthe house
Proof of ownership (i.e sale deed,property tax receipt,
current bills etc) shall be enclosed.
c) In case of joint ownership share of the employee
(enclose proof)
d) Date of completion of constuction of house
e) Whether let out or self occupied
f) lf let out
i) Muncipal taxes paid
ii) interest padi
(Proof of interest paid/payable [i.e. provisinal
receiptl and municipal tax receipt shall be
enclosed)
iii) Annual rental income
g) lf self occupied
i) interest padi
(Proof of interest paid/payable [i.e. provisinal
receiptl and municipal tax receipt shall be
enclosed)

Place:
Date:
(STGNATURE OF THE EMPLOYEE)

VERIFICATION

that stated above is true to best of my knowledge and belief and verified.

Place:
Date:
(StGNATURE OF THE EMPTOYEE)
 TEIANGANA STATE POWER GENERATION CORPORATION LIMITED

PROFORMA.l

202Q-202L

t. Name of the Employee

2. Genco id
3. Designation
4. Unit/Plant
5. Total amount of investment savings under sec gO(Chapter Vl)

a.

b,

c.

d.

e.

6. House rent paid/Proposed to pay for year 2OZQ-ZL_

(subject to production to rent paid receipts, proof of ownership (i,e property
tax
paid receipt, current bill, sale deed).
a. Rent paid to landlord:
(Enclose Receipts)
b. Name of the land lord:
(Enclose proof of ownership)
c. Address of the land lord:
d. PAN number of land lord (if payment exceeds Rs. i. Lakh in financial year):
(Enclose copy of pAN card)
7. Loss from House property: (please enclose Form 12C):

Signature of the employee

Name:
Designation: