Employee Investment Declaration Form For the Financial Year 2022-23

Employee ID * 2547326
Employee Name * Kallutla Harsha vardhan reddy
PAN No (Attach Photocopy)* BDIPH8716G
Date of Joining 1-Nov-22
Tax Regime OLD Regime Yes/ NO
NOTE IF EMPLOYEE SELECT NEW REGIME " YES" Then no need to fill up the below & no deduction is allowa
Address for claiming HRA:
From Date To Date City Metro Yes/No

Section B - Chapter VI A - Deductions from Total Income

Medical Insurance Premium (U/s 80D) - Parents not being Senior Citizens (Max Limit INR 25,000 p.a)
Medical Insurance Premium (U/s 80D) - Parents being Senior Citizens (Max Limit INR 30,000 p.a)
Medical Treatment/Handicapped Dependent (U/s 80DD) <80%
Medical Treatment/Handicapped Dependent (U/s 80DD) >80%
Medical Treatment in case any Disease/ Ailment-Self/Dependent (U/s 80DDB) Senior citizens (> 60 years and < 80
years)
Medical Treatment in case any Disease/ Ailment-Self/Dependent (U/s 80DDB) Super Senior citizens (> 80 years )
Interest on Educational Loan (U/s 80E)
Permanent Physical Disability (80U) < 80%
Permanent Physical Disability Severe Disability (80U) > 80%
Rajeev Gandhi Equity Savings Scheme (80CCG)
Interest on Deposit in Savings Account deduction upto Rs.10000 (80TTA)
National Pension Scheme(80CCD)
 Total
Section C - Chapter VIA Sec 80C
Life Insurance Premium
Public Provident Fund (PPF)
National Savings Certificate (NSC)
Infrastructure Bonds
Children Education Tuition Fees
Mutual Funds / Equity Linked Saving Scheme (ELSS)
Sukanya Samriddhi Scheme
ULIP
5 Year Time Deposit in Post Office
Housing Loan - Principal Amount paid, Registration Fees, Stamp duty
Fixed Deposit Scheme (Block Period of 5 yrs)
NSC Interest (Will be considered as Other Income)
Total (Maximum Limit INR 150,000)
Section D - Loss from House Property - SELF OCCUPIED
Total interest paid by me (post construction/possession/ amortized pre-emi) during the financial year (April 16 to
March
Address 17)
of -the
SelfProperty
Occupiedagainst which Loan taken
City
Date of Occupation (DD/MM/YYYY)
Total (Maximum Limit INR 200,000 - Refer Annexure 1 attached to the document)
Section E - Previous Employment - Refer Annexure 2a and 2b attached to the document
Income after Section 10 exemption (Joined after 01/04/2022)
Provident Fund (PF)
Professional Tax (PT)
Tax deducted at source (TDS)
(Please attach Form 16 OR Income Tax Computation Sheet from Previous Employer for FY 2016-17along with
12B)Total
 Grand Total

Declaration:
I hereby declare that the information given above is correct and true in all respects and I intend to make the investments dec
I also undertake to indemnify the company for any loss/liability that may arise in the event of the above information being in
declared investments not made
Date:
Place:
Signature of the employee
m For the Financial Year 2022-23
2547326
Kallutla Harsha vardhan reddy
BDIPH8716G
1-Nov-22
New Regime Yes/ NO
need to fill up the below & no deduction is allowable

PAN of Landlord & address Rent Paid per

month

om Total Income AMOUNT

ns (Max Limit INR 25,000 p.a)

Max Limit INR 30,000 p.a)

0DDB) Senior citizens (> 60 years and < 80

0DDB) Super Senior citizens (> 80 years )

A)
r VIA Sec 80C

50,000)
roperty - SELF OCCUPIED
-emi) during the financial year (April 16 to

e 1 attached to the document)

and 2b attached to the document

revious Employer for FY 2016-17along with

all respects and I intend to make the investments declared above
y arise in the event of the above information being incorrect /

Signature of the employee

Annexure-1
Interest on Housing Loan for the FY 2022-23

Note:

1.Interest on Housing loan allowed up to Rs.2,00,000.

2. Additional exemption of INR 50,000 provided the following conditions are satisfied:
a. First Home Buyer/Buyers; and
b. Value of the House is less INR 50 lacs; and
c. Maximum value of the loan is INR 35 lacs.

2. Sanction Letter/Provision Certificate is mandatory for claiming interest on housing loan.

Taxation Rates – Assessee [ Men & Women] [Below the age of 60 years]
New Regime
(without any
Exemption and
Income (₹) Proposed (without any Exemption and Deduction) - Optional Existing Rate Deduction)
0 - 2,50,000 NIL NIL
2,50,001 – 5,00,000 5% 5%
5,00,001 – 7,50,000 20% 10%
7,50,000 – 10,00,000 20% 15%
10,00,001 – 12,50,000 30% 20%
12,50,001 – 15,00,000 30% 25%
15,00,001 and above 30% 30%

If the taxpayer opts for the new scheme the exemptions / deductions that will have to be forgone
Exemptions / deduction specifically applicable to Salaried taxpayers and forgone

10(5) - Leave Travel Allowance

10(13A) - House Rent Allowance
10(32) - Deduction for minor income clubbed
24(b) - Interest expenditure on Self-occupied property
10(14) - Any other Special Allowance (other than those specifically allowed a deduction for viz, expense incurred in lieu of official work, etc)
57(iia) - Deduction towards Family Pension
16 - Standard Deduction of Rs. 50,000
16 - Deduction for Profession tax paid
Loss Set-off: on account of interest on housing loan
Chapter VIA: 80C - Deduction towards PF contribution And similar deductible investments / expenses
Chapter VIA: 80C - Deduction towards life Insurance payments, housing loan repayment, etc
80D - Medical Insurance And similar deductible investments / expenses
No exemptions or deductions for any allowances or perquisites
 E.g 1 E.g 1 E.g 2 E.g 2
Old Regime New Regime Old Regime New Regime
Total Salary 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00
Std. Deduction 50,000.00 - 50,000.00 -
Housing Loan Interest 200,000.00 - 200,000.00 -
80C Exemption 150,000.00 - 150,000.00 -
80D Exemption (self & pare 50,000.00 - 50,000.00 -
80CCD NPS 50,000.00 - 50,000.00 -
Total Deductions 500,000.00 - 500,000.00 -
Total Taxable Income 500,000.00 1,000,000.00 1,500,000.00 2,000,000.00
Computation of Tax 12,500.00 75,000.00 262,500.00 337,500.00
Less Rebate 87A 12,500.00 - - -
Surcharge - - - -
Add Cess 4% - 3,000.00 10,500.00 13,500.00
Total Tax Liability - 78,000.00 273,000.00 351,000.00
Tax Saving Old Regime Saves Rs.78000 Old Regime Saves Rs.78000

E.g 3 E.g 3 E.g 4 E.g 4

Old Regime New Regime Old Regime New Regime
Total Salary 500,000.00 500,000.00 800,000.00 800,000.00
House Rent allowance 100,000.00 - 100,000.00 -
Std. Deduction 50,000.00 - 50,000.00 -
80C Exemption 150,000.00 - 150,000.00 -
80D Exemption (self & pare 50,000.00 - 50,000.00 -
Total Deductions 350,000.00 - 350,000.00 -
Total Taxable Income 150,000.00 500,000.00 450,000.00 800,000.00
Computation of Tax - 12,500.00 10,000.00 45,000.00
Less Rebate 87A - 12,500.00 10,000.00 -
Surcharge - - - -
Add Cess 4% - - - 1,800.00
Total Tax Liability - - - 46,800.00
Tax Saving No Changes Old Regime Saves Rs.46800