Guidelines / Pre-requisites for Investment Proof Submission

1. Kindly fill the mandatory fields and the column with the heading "Value
of Proof in INR" with the exact annual total value of proofs attached
and upload the Employee Investment Proof Submission Form (EIPSF)
in the Mindspay Portal.

2. The EIPSF along with relevant IT proofs (except LTA bills) should be
uploaded in the portal. Kindly ensure to mention the Employee ID and
Employee Name (in block letters), in all relevant proofs. This is
mandatory else the proof will be rejected.

3. For the Rent Paid, Original receipt from the landlord needs to be
attached for the period April 2021 to March 2022 or as applicable to
joiners after 1.4.2021. This can either be one receipt for the whole
period mentioning the total amount or separate receipts for each
month. Rental receipts for Jan, Feb and Mar (if applicable) needs
to be submitted to get the exemption for full year. Without these
receipts, HRA exemption for Jan, Feb and Mar will not be
provided.

4. If you have income from previous employer you must either submit the
attested copy of Form 16 from the previous employer or submit the
attested tax computation statement from the previous employer else
the same shall not be considered (Only Form 12B submitted will not be
considered).

5. If you are claiming Loss from House property, you must submit the
Provisional Certificate from the bank or the financial institution that has
funded the Home loan stating the interest and principal component of
the EMI paid. Computation of Income from House Property is
mandatory for claiming Loss on Let-out Property. One without the other
will not be accepted (Pl note that Statement of account from Bank
having EMI deduction details will not be considered as a proof and will
be rejected without notice).

6. For any investments, photocopy of appropriate documents

substantiating the investments needs to be furnished.

7. Deduction on account of Section 80 C under Chapter VI A is restricted

to INR 1,50,000 only.

9. Any EIPSF mentioning the PAN acknowledgement number will be

rejected without notice. Actual PAN is a must for consideration of all
investments proofs.

10. Please note that the investments proofs submitted shall be considered
effective February 2022 Payroll.

Failure to submit the proof within the cut-off date (25th January 2022) and in
the manner specified above will lead to nullification of the tax declaration
given and will therefore result in higher tax deduction than normal taxes in the
month of February and March 2022.
Note:
 For Insurance premium alone, due after 25th Jan 2022, receipts can be
submitted till 10th March 2022 which will be considered during March
2022 payroll process. Insurance receipts with employee id and Name
mentioned in the proof can be mailed to [email protected]
after 20th Feb 2022 with subject “LIC payments post cutoff date”.
Last year receipts will not be considered as proof of payment for
current financial year. Afresh Insurance submitted after proof cut-off
date will not be considered for tax exemption purpose.

 Any existing investments other than Insurance premium with recurring

payments that are due for payment after Jan 25, 2022 will not be
considered for Tax computation purpose.

 Donation U/S 80G can be claimed only in personal returns. Kindly

do not declare or attach proofs in EIPSF.

Please find below in detail what will be considered as proof for each
item of savings or investment:

No Item Document Details

1 HRA – Rent Original 1) For the Rent Paid, receipt from
Receipt the landlord along with the
Signature to be submitted.
2) Receipts needs to be attached
for the period April 2021 to March
2022 or as applicable to joiners
after 1.4.2021.
3) This can either be one receipt
for the whole period mentioning
the total amount or separate
receipts for each month.
4) Rental receipts for Jan, Feb and
Mar (if applicable) needs to be
submitted to get the exemption for
full year. Without these receipts,
HRA exemption for Jan, Feb and
Mar will not be provided.
5) Besides the usual wordings for
a receipt, it should contain, the
address of the property for which
rent is collected, name of the
landlord or authorized
representative and PAN of
Landlord if rent paid is more than
or equal to Rs. 8,000/- p.m.
Please write the From Date and To Date in the Remarks column of EIPSF

Note: For different rents for different periods or different locations, produce
multiple receipts.

Please mention the monthly rent figure in case you attach single annual receipt.
Refer Annexure 1 for Rent receipt template.

2 Loss on House Copy of provisional In case of Joint account, it has to

Property (LOHP) certificate issued by accompany by a declaration from
the bank (commonly the joint account holder stating
required for both type that he/she is not claiming
of Loss) exemption for their IT purpose.
Failing which 50% will be
considered by default.
Refer Annexure 2 for Joint
Account Holder Declaration
Template.

Self-occupied Exemption is Capped to a

maximum of INR.2,00,000/- P.A.

In case availing both HRA /

Interest benefit with property
being self occupied, declaration
to be provided.

Refer Annexure 3 for claiming both

HRA & LOHP with property being
self occupied.

Let out property Computation of Calculation of loss is necessary in

income/loss from case of let-out properties; Interest
House property, to be calculated after considering
photocopy of the let-out property income. Refer
property tax payment Annexure 4 for template.
receipt (if any)
Both Exemption limit 2,00,000/-
(Self-Occupied & Let out property)
3 Principal Copy of provisional Declaration for Payment of
repayment on certificate issued by Housing Loan Principal & Interest
Home loan the bank form” should be submitted for EMI
due after Jan 25, 2022, failing
which exemption will be provided
till the provisional statement date.
Refer Annexure 6 for template.

Construction completion
certificate is mandatory from
Builder if the property is
competed during Financial Year

4 Children Photocopy of the Only the tuition fees and not any
Education School Fees paid donation or building fund or
receipt payment for similar nature will be
taken into consideration.
5 Life Insurance Photocopy of the Policy can only be in the name of
Premium premium paid receipt individual, spouse & children
(parents not allowed). Insurance
payment paid after Jan 25, 2022
can be submitted before March 10,
2022.
6 NSC & Accrued Photocopy of the
NSC Interest certificates
7 ULIP Photocopy of the
premium paid
receipts

8 PPF Photocopy of the Pages containing the name of the

pass book a/c holder and the details of
payment during the year.
9 Investment in Photocopy of the
Bonds payment receipt with
the deduction u/s
80C explicitly
mentioned
10 Fixed Deposit > 5 Photocopy of the FD
Years in specified receipt mentioning
banks the deduction u/s
80C
11 Mutual Fund Photocopy of the
Fund Statement,
where it should be
clearly stated that the
particular fund is
eligible for 80C
deduction

12 Mediclaim Premium paid receipt Copy of the policy where age /

Insurance u/s from the insurer date of birth of the insured are
80D clearly mentioned to be submitted
for Senior Citizens.

13 Section 80DD for A copy of the Failing to submit the appropriate

Medical disability certificate certificate will lead to rejection.
Treatment of as issued by the
Handicapped central or state
Dependents government medical
board to claim
deduction
14 Repayment of Letter/Certificate for Statement of account will not be
Education Loan Interest paid during considered as a proof of payment
u/s 80E the year from the and will be rejected without any
Bank Notice.

15 Income from Either Form 16 from Document without previous

previous the previous employer signature will not be
employer employer or Income considered for tax computation
Tax computation purpose.
statement from the
previous employer. Note:
{PF mentioned in EIPSF refers to
Provident fund contribution.
PT mentioned in EIPSF refers to
Professional Tax Contribution}

16 LTA Exemption Travel ticket or Bill / The Bill details to be updated in

Invoice cum Trip GHRMS in the below Tab. The
sheet. To be sent to Bill without online submission
TDS.Payroll@cssco will not be considered for
rp.com exemption.
GHRMS -> Payroll -> LTA Bill
Submission

Refer Annexure 5 for template.

Bills submitted without annexure 5
will be rejected.
17 New Pension Photocopy of the
Scheme 80CCD Paid receipt
18 Housing Loan Annexure_7_Declara 1) Loan must be sanctioned during
Additional Tax tion for Housing Loan the period from 01st April 2016 and
exemption Interest_80EE ending on 31st March 2017.
Interest 80EE 2) The amount of home loan does
not exceed Rs.35 Lacs.
3) The Value of the residential
house property does not exceed
Rs.50 Lacs.
4) The Employee does not own
any residential house property on
the date of sanction of the loan,
this must be the first house.
5) Additional deduction of interest
on loan from any financial
institution up to Rs.50,000/-
6) The deduction is over and
above the limit of Rs.2 lacs
provided for a self-occupied
property u/s 24 of the Act.
19 Housing Loan Annexure_8_Declara 1) Loan must be sanctioned during
additional Tax tion for Housing Loan the period from 01st April 2019 and
exemption Interest_80EEA ending on 31st March 2021.
Interest 80EEA 2) Stamp duty value of the house
property should be Rs 45 lakhs or
less.
3) The Employee does not own
any residential house property on
the date of sanction of the loan,
this must be the first house.
4) Additional deduction of interest
on loan from any financial
institution up to Rs.1,50,000/-.
5) No deduction under Section
80EEA for those claiming
deduction for housing loan interest
under Section 80EE.
6) The deduction is over and
above the limit of Rs.2 lacs
provided for a self-occupied
property u/s 24 of the Act.

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