Itd 07-08
Itd 07-08
INCOME TAX DECLARATION WITH INVESTMENT PROOF FOR THE FINANCIAL YEAR 2007-2008
(i) Life insurance premium paid during the year 1-04-07 to 31-03-08
Amount of Insurance premium
premium paid qualifiying amount
Policy no. Sum Insured For - self / wife / children
as per individual (20% of the sum
receipt attached insured)
330588525 40,000 Self 2608 2,608
331676079 100,000 Self 6126 6,126
331377788 200,000 Self 12742 12,742
- 0 0
- 0 0
- 0 0
- 0 0
- 0 0
- 0 0
Total insurance premium 21476 21,476
(ii) Unit linked insurance premium paid to UTI
Policy No. For - self / wife / children Premium paid
60,000
0
0
Total 60,000
I confirm that the above statements are true to the best of my knowledge and I am responsible for any tax calculation / tax deducted on the basis of the above statement.
I also confirm that I shall furnish adequate supporting to the company failing which company is authorised to disregard the above as a basis for any tax calculation done.
Signature of the employee Name of the Employee Dinesh Chander Joshi Date : 22-Oct-08
Remarks
< Please read instructions on the next sheet>
< Any information you wish to communicate which has not been covered in the form above may be given separately >
ease Tick (P) as applicable
Instructions for submitting Proof of Investments
1 Hard copy of Investment declaration should reach us on or before 25th April, 2007
2 Tax benefit U/s 80C, 80CCC, 80D, is available only if any amount to this effect has been paid during the financial year starting 1st April 2007
to 31st March 2008
3 Employees joined on or after 01/04/2007 should declare their earning with former employer(s) for the financial year 2007-08 in a specified
Form within seven days of joining. In the absence previous earning details, TDS will be made at the highest rate which is presently 30% +
Surcharge (if applicable) + Educational Cess.
Also please make a note that any benefit U/S 24, 80C, 80D, 88CCC can not be allowed if no salary certificate or Form 16 is attached with
the tax declaration. Any investment made on or after joining RSIL may be allowed subject to providing proofs of Investment.
4 Exemption for House Rent - Employee availing benefit U/s 10(13A) read with rule 2A, should declare the actual rent paid /full name and
the address of the landlord, full name of the tenant, address of the rented property, period for which rent is paid (i.e. month or quarter), mode
of payment - cash or cheque. Receipt should be signed on revenue stamp. Rent amount should be in figures and in words. For the purpose
of calculating exemption for House rent payment, any payment made to landlord by the employee towards electricity, water, maintenance
charges and hire charges for furniture & fittings will not be considered as part of rent. Copy of any one month’s rent receipt for each quarter
is required to be submitted. If Rent amount is =>Rs 8,000/- pls submit the PAN of your Land lord. Incase of cheque payment, Cheque no
and date should be mentioned on the receipts. Also for rent exceeding Rs. 12,000 PM, we would require a lease apreement apart from Rent
receipt. If there is any changes in your Rent during the Financial Year, you will have to provide the lease aggreeement to that
effect. We'll not accept any change in Rent request withouth that.
5 Life Insurance premium receipt should be attached in the same order of details provided in declaration form. Please mention sum assured
on the face of premium receipt. A late payment fee for payment of Insurance Premium is not allowable.
6 For investment made in PPF, employees are requested to submit a copy of passbook or deposit challan. No other proof is acceptable.
7 National saving Certificates VIII Issue purchased during the financial year should be mentioned and copies be attached. Accrued Interest on
NSC(s) purchased in the previous year(s) may be claimed showing interest calculation as mentioned in form. However such interest will be
taxable under the head Income from other sources. Copies of NSC Certificates should be attached serially, by month & year. .
8 Income tax deduction U/S 80C on tuition fees paid for childrens is available subject to following conditions:
>> tuition fee is paid for full time education and does not include development fees or donations
>> tuition fee is paid to a university, college, school and other educational institution situated in India
>> the qualifying amount is Rs.100,000/- per child for a maximum of 2 children
Please attach copies of receipt of Tuition Fee paid. Name of month or quarter as he case may be, should be appearing therein.
9 For Pension Plans with riders, premium paid for the rider may not always be eligible u/s 80CCC. Premium paid for certain types of riders
may be eligible u/s 80D.
10 Please indicate your PAN in the Form. Those who do not have PAN should apply and submit the acknowledgement copy for record. On
receipt of PAN no., the same should be furnished at the earliest. Submission of PAN is mandatory.
11 In case where tax has been deducted and deposited due to non-submission of tax declaration along with Investments proof, excess income
tax deduction to this effect (if any) may be adjusted against future income tax liability for the same financial year after receiving income tax
declaration with investment proof not later than 20th January 2008. If the excess tax deduction leads to refund situation, the amount will not
be refunded to employee and the employee will have to claim it from the Income Tax Department. This will also apply in cases where the
initial income tax declaration has been amended at a later date and such declaration may result in income tax refund.
12 Employees may avail Income tax benefit for payment of Interest & principal repayment U/s 24 & 80 C respectively. Employees who have
been availing tax benefit on housing loan should submit Banker’s Interest and Principal Repayment Certificate along with following: