Payroll

Investment

Proofs
contents
HRA 3 80 EE 11
LTA 4 80EEA 12
Deduction u/s 80C 5-6 80EEB 13
80D 7-8 80CCD1B 14
80DD 9 80G 14
80U 10 Sec 24 r.w. 192 15-16
80E 10
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Instructions for submitting the investment proofs

Exemption criteria Supporting documents required

House Rent Allowance (HRA A rental agreement with copies of Rent Receipts (monthly/
Actual HRA received for the year quarterly) for all the months starting April 2022 or from the
Rent paid – 10% of Basi
month you rented your house, whichever is later - up till March
40% of Basic or 50% of Basic (in case of Metro cities*)
2023 or the last month of renting the house needs to be

submitted.
Least of above is the HRA exemption for tax calculation.

Note: Owner's PAN is required if the monthly rent exceeds

*Metro cities - Delhi, Mumbai, Kolkata, Chennai

Rs. 8333/- (i.e. 1,00,000/- Annum).

Rent receipts should clearly state - the name and address of the

landlord, the address of the rented property, the month and

amount of rent paid and respective signatures.

Rental agreement and/or rental receipts are sufficient as the

proof of payment of rent.

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Instructions for submitting the investment proofs

Exemption criteria Supporting documents required

LTA Exemptio Tickets/boarding passes/invoices provided by travel agencies.

Leave Travel Allowance (LTA): You can claim an LTA exemption for Annual/earned leave approval mail/approval transaction. Eligible
a maximum of 2 trips in a block of 4 calendar years.
for: Self, spouse and children.
The current block started on 01 Jan 2022 and is up to 31 Dec
2025.
You can claim an LTA exemption for only one trip in one calendar
year.
If you are unable to claim the LTA exemption twice in one block,
you can carry forward one journey to the next block.
However, the carried forward LTA eligibility has to be utilized in
the first year of the next block (applicable this year).
The day of the journey should not be a holiday in your
organization.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

Deduction
Life Insurance Premium / Pension Plan Copy of the Premium receipt.

u/s 80C Note: Late payment interest fee charged will not be considered for
exemption (Premium & GST will be eligible).

Contribution to Public Provident Fund Copy of the Premium receipt.

Note: Late payment interest fee charged will not be considered for
exemption (Premium & GST will be eligible).

NSC Copy of the certificates purchased during the year 2022-23.

Accrued Interest on NSC Copy of certificates to be enclosed with the ate of purchase and the
amount.

ULIP / LIC Mutual Fund Copy of ULIP statement for all months.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

Deduction
Other eligible investments Copy of the Certificate/ Receipt/ Passbook etc.
u/s 80C
Children’s education expenditure Copy of receipts for Tuition fees and Exam fees (excluding Donations &
Development fees, Bus, Text books, Private tuitions or Tutorial fees)
paid to any University/College/School or other educational institution in
India during the current year for a maximum of 2 children.
In case receipt includes combined amount of Tuition fees and other
expenses, attach details of breakup.

Post office five year time deposit scheme

Copy of Receipt/Certificate.
"PO TDR 1981"

Post office five year time deposit scheme

Copy of Receipt/Certificate
"PO TDR 1981"
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80D Medical Insurance Premium:

Copy of Premium receipt paid during FY 22-23 along with a copy of
Case I: Deduction available up to Rs.25,000 on the policy containing the name and age of parents (mode of payment
life of the taxpayer, spouse and dependent should be other than cash).
children;
No deductions can be claimed for in-laws.
Case II: Preventive Health Check-up: A deduction
of up to Rs.5,000/- for preventive health check-ups
of self, spouse, parent(s) or dependent children
within the maximum limit of Rs.25,000/-.
Case III: Further, an additional deduction of up to
Rs.25,000 is available on the life insurance of the
taxpayer's father and/or mother if their age is less
than 60 years.
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Instructions for submitting the investment proofs

Above 60 Years of Age Max Limit of Exemption

Assessee + Family Parents Assessee + Family Parents Total

No No 25,000 25,000 50,000

No Yes 25,000 50,000 75,000

Points to be noted:
For Parents above 60 years - Either Insurance premium or Medical expenditure can be considere
Family includes Spouse & Dependent Children (Max 2
Parents include Father and Mother of the Assessee only (In-laws not covered
Health check-ups of upto 5,000/- can be clubbed in the Total limits mentioned above
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80DD Expenditure incurred for Medical Treatment, Proof of expenditure incurred OR a duly signed declaration in writing,
Training etc. for handicapped dependents with certifying the actual amount of expenditure incurred AND receipt/
disability
acknowledgment for the amount paid/ deposited into the specified
Available Deduction schemes of LIC/ UTI; and
Flat deduction of Rs.75,000 - For disablity
Permanent Physical disability certificate (FORM 10-IA) from a
conditions (more than 40%
physician, a surgeon, an oculist or a psychiatrist, as the case may be,
Flat deduction of Rs.1,25,000 - For severe
working in a Govt. hospital. The certificate should contain the
handicap Disability conditions (more than 80%)
employee’s name.
Scope of Deduction-Deduction can be claimed for
dependent parents, spouse, children and siblings. For claiming severe disablility exemption, the report should specify the
Please note that Dependent must not have claimed percent of disability.
any deduction for their disability.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80U Deduction in case of self being totally blind or Permanent physical disability certificate (FORM 10-I) from a
physically handicapped or for specified physician, a surgeon, an oculist or a psychiatrist, as the case may
diseases for self/dependent.

be, working in a Govt. or private hospital. The certificate should

The available deductions are:
Flat deduction of Rs. 75,000 - For disability contain the employee’s name.
conditions (more than 40%).
Flat deduction of Rs. 1,25,000 - For severe
handicap Disability conditions (more than 80%).

80E Interest on Repayment of Education Loan Letter/Certificate from the Bank/Financial institution certifying the
taken for Higher Education for Self.
following :
The exemption is on the interest on the Education
Loan for higher studies for a period of 8 years (or
Said loan should be Education Loan.
the loan closure, whichever is earlier).
Amount of actual interest paid on loan in the Current Financial
Note: The principal amount of the loan is not Year (Apr’22 – Mar’23).
permitted for exemption.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80EE Interest on Loan taken for purchase of Letter / Certificate from the Bank / Financial Institution certifying the
residential house propert following :
The loan was sanctioned between 0
Apr-2016 to 31-Mar-2017.
Amount of actual interest paid on the loan in the Current
Stamp value of the property does not exceed Financial Year (Apr’22 – Mar’23)
INR 50 Lakhs.
The loan amount does not exceed INR 35
Lakhs.
The assessee shouldn't possess any house
property at the time of purchase.
Limit of the exemption: Interest of up to 50,000.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80EEA Interest on Loan taken for purchase of certain The loan must be taken from a financial institution or a non-
house property
banking financial company for buying an electric vehicle
Eligibilit
Loan for Purchase of Electric Vehicle
The loan must be sanctioned anytime during the period starting
Loan should be sanctioned in the period 01- from 1 April 2019 till 31 March 2023.
Apr-2020 to 31-Mar-202
Max Limit of exemption - 1,50,000/-
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80EEB 80EEB has been introduced, allowing a Bank Loan statemen

deduction for interest paid on loans taken for The loan should have been taken from a financial institution or a
purchasing electric vehicles from the

non-banking financial company for buying an electric vehicle

AY 2020-21.

Eligibilit The loan must be sanctioned anytime between 1 April 2019 and
A loan taken for the purchase of an electric 31 March 2023.
vehicle
The loan should be sanctioned in the period 01-
Apr-2020 to 31-Mar-2023
Max. limit of exemption: INR 1,50,000.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

80CCD1B Employees Contribution to New Pension NPS Receipt.

Scheme of Central Govt. [U/s 80CCD1B] -
Additional NPS Contribution (External
Investment)

Employee contribution: 50,000 (Balance, if any, can

be claimed in the 80C limit of 1,50,000)

80G Exemptions for Donations made

Copy of Payment Receipt.
As per the proofs submitted.
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

Sec 24 r.w. 192 Interest on housing loan A loan taken for the You need to submit a copy of the Provisional Interest certificate
construction & purchase of house property from your Bank, which separately mentions the principal amount
Construction should be completed within five
years.
and interest payable during the year.
Interest during the five years of construction Possession Certificate from Builder/Society or Electricity Bill or
can be claimed equally over the next five years,
along with the respective year's interest, a Sale deed of the property or Municipal tax paid receipt
maximum of 2,00,000
No deductions can be claimed for Personal Loan.
Loan is before 01-Apr-1999: INR 30,00
Loan is after 01-Apr-1999: INR 2,00,00
Loan is taken for the repair, renewal &
reconstruction of the house property: INR
30,000
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Instructions for submitting the investment proofs

Section Exemption criteria Supporting documents required

192(2) Previous Employment Details

Copy of Income Tax computation sheet received from the
Employees who have worked in another company previous employee.
before joining the current company within the
financial year (Apr ’22 – Mar ’23) and whose date Note: This data needs to be updated by the admin in the Xpayroll
of joining is post 1st April 2022. platform.

Note:

In case, the investments/ proofs are not submitted or are not received in time and TDS will be deducted, this TDS would not be possible to be refunded by the
Company. In such case the only recourse available to the employee would be to claim the excess deduction from the Income Tax Office, by filing a return. The
refund may take a year or more.