Professional Documents
Culture Documents
Note: * Subject to conditions specified in the IT Act and IT rules in Force to be satisfied.
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Standard deduction in case of salary income increased from INR 40,000 to INR
50,000.
Tax rebate under Section 87A of the Income tax Act, 1961, has been raised to
₹12,500. It is only applicable for those with net taxable income of up to ₹5 lakh.
No Change in the base slab rates for individuals.
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Note: Please note that the employees declaring previous employment details are
required to provide proofs for investments made under Chapter VIA (80C and 80
others)and Home loan proofs submitted with previous employer will have to be
submitted again in IBM to avail the tax rebate.
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HRA Declaration
Form
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Note : All the supporting Forms/Declarations are also available in relevant Forms/Declaration
link in IT-Proof application .Download, fill and upload as required in duly filled and signed soft
copy form for respective proof items.
S.No Income Tax Component Guidelines
4 Sec-80CCG Contributions to Rajiv Gandhi Equity Savings Scheme(RGESS).
Applicable only if you have invested in FY 2016-17 and continued investing in FY 2019-20
also.
Mandatory documents to be submitted.
Declaration RGESS
Demat account statement soft copy and a scanned duly filled Declaration fulfilling the terms and
(Sec 80CCG) conditions of the scheme.
Note: Employee will be allowed a Deduction of fifty percent of the amount invested in Listed
equity shares to the extent such deduction does not exceed twenty five thousand rupees.
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Declaration
Duly filled and signed scanned declaration form needs to be submitted. Note: The same Interest
amount would be considered as income also under “ Other Income (Unspecified)” Head.
Interest Sec 80TTA
This would be Taxed at the Highest Tax rate applicable
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S.No Income Tax Guidelines
Component
15 Pension Plan -Sec- Mandatory documents to be submitted:
80CCC a) Jeevan Suraksha Or any other scheme u/s 80CCC - Soft copy of the receipt from the Insurance Company.
20 Sec-80DDB (Medical a) Any assesse or dependents suffering from specified diseases and ailments (Viz: Neurological Diseases(>40%
Disability), Dementia, Dystonia Musculorum Deformans, Motor Neuron Disease, Ataxia, Chorea,
Treatment) Hemiballismus, Aphasia, Parkinsons, Malignant Cancers,AIDs(Full Blown), Chronic Renal failure,
Hematological disorders, Hemophilia, Thalassaemia)can claim for tax rebate provided Certificate, Original
medical bills soft copy ,and a duly filled and signed Self-Declaration only if you are claiming on behalf of
Dependents should be submitted as valid proof. Max deduction allowed is 40,000 and in case of senior citizen
Rs.100,000 will be allowed as deduction.
Self Declaration
for 80DDB b) The certificate must have:
name and age of the patient
name of the disease or ailment
name, address, registration number and the qualification of the specialist issuing the prescription
10 IBM Confidential If the patient is receiving the treatment in a Government hospital, it should also have name and address of the
Government hospital
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Note 2: You can submit one Self Declaration duly filled and signed soft copy form for all tax
components instead of multiple ones by mentioning all the Income Tax components
in one Self declaration form.
Note 3: You can find the all the declaration and relevant Forms in IT Proof Portal
https://ibmitproof.spearglobal.com/index.aspx
Note 4 : If investment under National Pension Scheme (NPS) is deducted from FBP thru
payroll you need not submit any proofs or declare in the IT proof tool. The same
would be considered for exemption directly by payroll.
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