INVESTMENT PROOF SUBMISSION

GUIDELINES – F.Y. 2024-25

(APPLICABLE TO THE EMPLOYEES WHO HAVE OPTED FOR OLD TAX REGIME)

Submitted By

HINDUJA GLOBAL SOLUTIONS LIMITED

• An Individual was given an option to Choose between Old and New Tax Regime
for Tax
• Calculation once in a Year thru employer as per CBDT Circular during June
2020.
• An individual will have to forego almost all the prevailing Exemptions or
• Deductions on selecting New Tax Regime and hence NO Need to Submit
any investment proofs except Previous Employer Income in case of a New
Joinee in current financial year.
• An excess of Rs.7.50 lakhs p.a. contributed by the Employer on aggregate
values of PF, Superannuation and NPS is now a part of a new Taxable
Perquisite with their accrued income on the same in both OLD and NEW Tax
Regime.
• The Income Tax would be calculated on Actual Proof Verified.
• In case no investment proofs are submitted with in the stipulated time frame, the
Declared Values of the Investment would be treated as ZERO.
• How to Submit Investment Proofs:
• Login to the portal (on the Web)
• https://ess.hgsbs.com/
• Use your Company Code, Employee Code and PW for login.
 To do List

• Keep the Scanned copies of the investment proofs ready.

• The whole over Document size should not be more than 10mb
• To Upload File Format to be either of - .jpg, .pdf., .zip (zip to be used in case of
multiple files)
• The File name should not contain any Special Characters
• Scan copy should be readable; hence it will not be considered.
• Mandatory fields need to be filled in.
• Please verify and confirm your PAN before updating your investments.
• Please don’t submit Attachments with password protected, hence it will not be
considered.

Important Notes:
• If you are submitting Investment Proof details, please opt for Old Tax Regime, else
your investment proofs details will be not considered.

• While claiming Under Section 80C, Please Submit your Bank / Credit or Digital
payment statement wherever is required.

• Once you have opted for New Regime or Old regime in beginning of financial year,
then you cannot change the same in between the year in Portal or vice versa.
While filing ITR returns you can opt for Old / New Tax Regime.

• Please don’t submit Attachments with password protected, hence it will not be
considered.

80G – DONATION
Please note that 80G Donation is not considered through Payroll.
You can claim while filing your IT returns.
 House Rent Allowance (HRA)
To claim exemption against HRA, an employee needs to provide the rent receipt.
• Copy of Rent receipt or Bank Statement and Registered Lease/Rent agreement or Notarised
Rent Agreement can be submitted specifying monthly rent amount for the entire period April
to March of current FY. is Mandatory.
• Self-Declaration is acceptable for rent amounting up to 3000/- per month.
• Rent receipts/Lease agreement must contain following details.
o Full Name of the Tenant (Employee)
o Full Name of the Landlord
o PAN No. of landlord should be mentioned on rent receipt and agreement
(Mandatory if monthly rent is > Rs 8333/-)
o Address of the property
o Monthly amount to be mentioned in Portal (enter in one row if monthly rent is same
for April to March, if monthly rent amount is changed during the period, then enter
in 2nd row with specifying period, don’t mention rent amount on quarterly/half/
annual basis in Portal)
o Receiver’s (i.e. Landlord) signature on the revenue stamp. (Revenue stamp is not
House Rent Allowance required for the employees paying rent in Karnataka State)
(HRA) If any thing is missing from above points, your claim will be rejected.
• Registered or Notarised Lease Agreement- copy of first 2 page and last 2 page, or
wherever details should be displayed as Tenant (Employee) Name, Landlord Name,
Address, Period, amount, Pan number of all the Parties and signature and copy of
registration or Notary Stamp
• In case, joint name in the lease agreement then please submit the declaration that you
are paying 100% or else, 50% will be considered.

- Monthly Rent paid Amount and Period should be mentioned clearly on the rent receipt to
avoid any confusion during the validation of actual documents.
- Mention correct Pan number of Landlord in Portal and submit soft copy of Pan number
of Landlord is Mandatory, else your claim will be rejected.
Receipt should be in readable format and all information mentioned should be clearly visible.

Note: - If the rent amount is more than Rs. 8,333/- per month (Rs. 1,00,000/- per year) and claiming
HRA benefit, it is mandatory to furnish the Permanent account number (PAN) of the landlord.
Submit Rent Receipt for all periods (i.e. April to March) for current Financial Year.

Thus, house rent allowance which is granted to an employee who is residing in a

house/flat owned by him/spouse, is not exempted from income-tax.
 DEDUCTIONS UNDER SECTION CHAPTER VIA

• Note: Promissory note will not be allowed for claiming deductions Under Chapter- VIA

Proof Required
Section Details (During Proof Submission
Drive)
U/S 80D – 1. Deduction u/s 80D is allowed against premium paid for Mediclaim • Photocopies of the
MEDICAL policy: receipt of premium
INSURANCE 2. Individual Policy can be in the name of taxpayer, spouse, parents, or paid for current FY.
PREMIUM dependent children.
3. Maximum Limit for Deduction: • Original medical
4. Deduction up to Rs. 25,000/- is allowed when policy is taken for self, bills along with
spouse & dependent children declaration from
5. Additional deduction up to Rs. 25000/- is allowed when the policy is the employee (in
taken for parents of the taxpayer whether dependent or not. case of medical
6. In case Taxpayer or Parents are Senior Citizens (i.e., residents of India expenditure
with 60 years or more of age), deduction is allowed up to Rs. 50000/- claimed for senior
for both taxpayer and the parents instead of up to Rs 25000/-, as citizens for whom
mentioned in both above cases. the Mediclaim
7. Deduction is allowed against premium paid for current financial year only. insurance is not
8. If the premium payment due date is after the cut-off date, then last paid)
year’s receipt needs to be submitted. Basis the last year’s receipt, the
• In case any premium is
benefit will be provided.
due after the last date of
9. Only Self / spouse /children and parent’s proof(s) is/are to be
submission of proofs,
provided and age is to be specified in the proofs.
please provide us Last
10. Medical expenses on the health of a person who is a senior citizen
year premium payment
can be claimed if the Mediclaim insurance premium is not paid on
receipt.
the health of such person.
11. Late fees or any other penalties are not allowed as per IT Act, hence, it will
not be considered as deduction. In case of premium
12. Premium payment mode or the payment of medical expenditure should be paid on behalf of
other than cash (exception only in case of preventive health checkup). Parents then Bank /
13. Preventive Health checkup benefits will be allowed for an amount Credit card / Digital
maximum up- overall to Rs.5,000/-, the maximum limit within section statement required
80D (inclusive self, spouse, children, and Parents) else claim will be
14. Premium paid against In-laws/Siblings insurance policy shall not be rejected.
allowed for tax exemption.
Self-Declaration form
Note: is required with Name
No proof is required in case of insurance premium is getting of Dependents
deducted directly from salary for Self and Parents. parents, relation, and
Age, if it not
mentioned in
Mandatory - In case of premium paid on behalf of Mediclaim Policy.
Parents then Bank / Credit card / Digital statement
required, else claim will be rejected. Note:
• No proof is required
In absence of medical insurance only for a senior citizen, Rs.50,000 in case of insurance
can be exempted in this section against actual medical expenses along premium is getting
with Doctor’s prescriptions. deducted directly
Declaration required giving the person's age and stating that the person from salary for Self
does not have medical insurance. and Parents.
 Section Details Proof Required
(During Proof Submission Drive)

U/S 80E – REPAYMENT • Benefit is available only to an individual assesse for the • Certificate of payment from Bank
OF INTEREST ON interest amount paid on education loan taken for the full- / Financial Institution mentioning
EDUCATION LOAN time higher education of self, spouse or children or the amount of interest paid during current
student for whom the individual is a legal guardian. financial year.
• The loan should be taken from any bank / financial
institution or any approved charitable institutions. Loans
taken from friends or relatives do not qualify for the
deduction.
Educational loans are considered irrespective of the place of
study (within or outside India). Higher studies include all the
fields of study pursued after passing senior secondary
examination or its equivalent exam. It includes both the
Vocational courses as well as the regular courses.
• The deduction for the interest on loan starts from the year in
which assesses starts repaying the loan. The benefit is
available only for 8 years starting from the year in which
assesses starts repaying the loan or until the interest is
fully repaid, whichever is earlier.
• Any Part time or correspondence courses are not considered
a part of deductions.
• THERE IS NO TAX BENEFIT FOR THE PRINCIPAL PART OF
EMI.

80EE – Income Tax This scheme was introduced for financial year 2013-14 and was 1. Certificate of payment from bank
Benefits on Interest on available for 2 years, FY 2013-14 and FY 2014-15 only /Institution mentioning amount of
Home Loan (First Time (assessment year 2014-15 and 2015-16). This was initially principal & interest paid during the
Buyers) available for up to Rs. 1,00,000 per year only. current financial year.

However, this section has been reintroduced effective FY 2016- 2. Declaration to the effect that the
17 (AY 2017-18). Therefore, deduction of Rs. 50,000 per year employee does not own any other
is allowed on interest amounting as per the following house property on the date of
conditions: sanction of loan.

- The benefit of tax deduction available till the loan is 3. Copy of registration/Sale deed of
fully repaid. house mentioning the value of
- The benefit is available on or above Rs. 2,00,000 as property.
allowed u/s 24(b).
4. Copy of loan sanction letter, to
Following conditions should be satisfied. determine the loan sanction date.
1. Loan should be sanctioned between 1st Apr’16 to 31st
Mar’17.
2. The amount of loan sanctioned for residential house
property should not exceed Rs. 35,00,000/-
3. The value of residential house property should not exceed
Rs.50,00,000/-.
4. The assesses should not own any house property on the
date of sanction of loan.
 Section Details Proof Required
(During Proof Submission Drive)

80EEA – Deduction under section 80EEA is available if the following

Deduction in conditions are satisfied. 1. Certificate of payment from bank /
respect of Institution mentioning amount of
interest on loan 1. Employee is not eligible for claiming deduction u/s principal & interest paid during the
taken for certain 80EE. financial year.
house property. 2. Loan purpose should be for purchase of residential
property. 2. Declaration to the effect that the
3. Loan should be sanctioned by bank/financial employee does not own any other
institution between 1st April'19 to 31st March'22 house property on the date of
sanction of loan.
4. Value of property should not exceed 45 Lacs.
5. Employee should not own any residential property
3. Copy of registration/Sale deed of
on the day of sanction of loan.
house mentioning the value of
property.
• Benefit can be availed for a maximum amount of
Rs.150,000 or actual interest, whichever is lesser. 4. Copy of loan sanction letter, to
determine the loan sanction date.
• The benefit is available on or above Rs. 2,00,000/-
allowed u/s 24(b).

80EEB – Deduction in Deduction under section 80EEB is available if the following 1. Certificate of payment from bank
respect of interest on conditions are satisfied. /Institution mentioning amount of
loan taken for purchase principal & interest paid during the
of electric vehicle 1. Loan should be taken for purchase of electric vehicle. financial year.
2. Loan should be sanctioned by bank/financial
institution between 1st April'19 to 31st March'25 2. Copy of vehicle registration certificate
(RC book) of Four-wheeler
• Benefit can be availed for a maximum amount of
Rs.1,50,000/- or actual interest, whichever is lesser. 3. Copy of loan sanction letter, to
determine the loan sanction date.
 Section Details Proof Required
(During Proof Submission Drive)

1. Certificate issued by a physician,

80DD – Maintenance / • Deduction is allowed for a dependent of the taxpayer and surgeon, oculist, or a psychiatrist
Medical Treatment not the taxpayer himself/herself. working in a hospital or institution
of Handicapped specified by appropriate government
Dependents • The taxpayer is not allowed this deduction if the for the purpose of the Persons with
dependent has claimed a deduction in under section 80U Disabilities (Equal Opportunities,
for himself/herself. Protection of Rights and Full
Participation) Act 1995
1. Dependent, in case of an individual taxpayer, means
spouse, children, parents, brothers & sisters of the Electronic Form-10 I A duly signed &
taxpayer. In case of an HUF, it means a member of the stamped for the current fin-year, counter
HUF. signed & stamped by Medical
Superintendent/CMO/Head of the
2. The taxpayer can claim the benefit if the taxpayer has Hospital, Refer CBDT Notification dated
incurred expenses for medical treatment (including 16th July 2022, available In portal under
nursing), training & rehabilitation of the differently abled Download Tab. (Certificate of the
dependent or the taxpayer may have deposited in a Medical authority for certifying 'person
scheme of LIC or another insurer for maintenance of the with disability', 'severe disability',
dependent. 'autism', ‘cerebral palsy' and multiple
disability' for purposes of section 80DD
3. Disability of the dependent should not be less than 40%. and section 80U)

4. Disability is as defined under section 2(i) of the 2. Where condition of disability

Persons of Disabilities Act, 1995 requires reassessment, fresh
certificate to be obtained after its
If the above conditions are met, amount of expiry to continue claiming the
deduction allowed is – deduction.

• In case of a person with severe disability (above 40% but 3. Declaration from dependent for not
less than 80%) the amount of deduction is fixed at Rs. claiming benefit u/s 80U.
75,000/-, irrespective of actual expenditure.
Self-Declaration form is required
• In case of a person with severe disability (over 80%) a with Dependents Name,
higher deduction of Rs.1,25,000 is fixed, irrespective of Relation and Age.
actual expenditure.
 Section Details Proof Required
(During Proof Submission Drive)

SEC-80DDB – Deductions of expenses on medical treatment of specified 1. Required prescription with

DEDUCTION IN ailments (such as AIDS, cancer, and neurological diseases) can be respect to the specified
RESPECT OF MEDICAL claimed under Section 80DDB. The maximum amount of disease issued by –
TREATMENT deduction allowed from gross total income is basis the condition • A Neurologist having
that no medical reimbursement is received from any insurance Doctorate of Medicine
company or employer for this amount. In case of reimbursement, (DM) in Neurology ((a) to
the amount paid should be reduced by the amount received if any (i)
under insurance from an insurer or reimbursed by an employer. • An Oncologist having DM
in Oncology (j)
For this section, in the case of an employee “dependent” • Any Specialist having PG
means individual, the spouse, children, parents, brothers, and in internal or general
sisters of the employee or any of them, dependent wholly or medicine (k)
mainly on the employee for his support and maintenance. • A Nephrologist having DM
in Nephrology or
Amount of Deduction Urologist having Masters
in Urology
If age is less than 60 years, then the amount of deduction would • A specialist having DM in
be actual amount spent or Rs. 40,000/-, whichever is lower. Haematology

If age is 60 years or more, then amount of deduction would be 2. Original medical bills for the
actual medical expenses or Rs. 100,000/-, whichever is lower. expenses incurred on
treatment of such dependent.
Following is the list of specified diseases and ailments for
deduction under section 80DDB: 3. This certificate must be
(a) Neurological diseases obtained in respect of each
(b) Dementia assessment year for which the
(c) Dystonia Musculo rum Deformans deduction is claimed and
(d) Motor Neuron Disease enclosed to the return of
(e) Ataxia income for that assessment
(f) Chorea year.
(g) Hemiballismus
(h) Aphasia Self-Declaration form is
(i) Parkinson’s Disease required with Dependents
(j)Malignant Cancer Name, Relation, and Age
(k) Full Blown AIDS
(l) Chronic Renal failure
(m) Haematological Disorder (a) Haemophilia & (b) Thalassaemia
 Section Details Proof Required
(During Proof Submission Drive)

80U - PERMANENT • In case of a person with disability (40% and above but less 1. Certificate issued by a physician,
SELF PHYSICAL than surgeon, oculist, or a psychiatrist
DISABILITY INCLUDING 80%) the amount of deduction is fixed at Rs. 75,000/-, working in a hospital or institution
BLINDNESS irrespective of actual expenditure. specified by appropriate
government for the purpose of the
• In case of a person with severe disability (80% or Persons with Disabilities (Equal
above), a higher deduction of Rs.1,25,000/- shall be Opportunities, Protection of Rights
allowed, irrespective of actual expenditure. and Full Participation) Act 1995

• Proofs should have the name of employee. Electronic Form-10 I A duly signed &
stamped for the current fin-year, counter
• He is a person with disability. signed & stamped by Medical
Superintendent/CMO/Head of the
Hospital, Refer CBDT Notification dated
16th July 2022, available In portal under
Download Tab. (Certificate of the
Medical authority for certifying 'person
with disability', 'severe disability',
'autism', ‘cerebral palsy' and multiple
disability' for purposes of section 80DD
and section 80U)

Where condition of disability requires

reassessment, fresh certificate to be
obtained after its expiry to continue
claiming the deduction.

80TTA - Interest on
Saving Account Section 80TTA is proposed to be introduced to provide Employees has to claim while filing ITR
deduction to an individual or a Hindu undivided family in returns.
respect of interest received on deposits (not being time
deposits) in a savings account held with banks, cooperative
banks, and post office. The deduction is restricted to Rs
10,000/- or actual interest, whichever is lower.

E.g. Total Interest is Rs. 50,000/- then 50,000 - 10,000 =

40,000/- will be taxable

Note: The remaining amount will be considered as an

income also under the head “Other Income”.

Please Note – we don’t consider 80TTA exemption

 Section Details Proof Required
(During Proof Submission Drive)
NPS (National Pension As per the section 80CCE, the aggregate amount of deduction 1. Photocopy of all the payment
Scheme) under sections 80C, 80CCC and Section 80CCD(1) shall not receipts issued by the bank
exceed Rs. 1,50,000/-. However, the contribution made by the with NPS Account Details (Tier
Central Government or any other employee to a pension I and Tier II)
scheme u/s 80CCD (2) shall be excluded from the limit of
Rs.1,50,000/- provided under this Section and the same
amount will be considered as a perquisite.

80CCD(1B) "NPS – Voluntary Additional Deduction of Rs. 50,000/- 1. Photocopy of all the payment
receipts issued by the bank
with NPS Account Details.

80G – DONATION
Please note that 80G Donation is not considered through Payroll
You can claim while filing your IT returns
UNDER SECTION 80C (MAXIMUM LIMIT IS RS. 150,000/- INCLUDING PF + VPF)
Particulars Details Proof Required
(During Proof Submission Drive)
1. Photocopies of all premium receipts paid
Life insurance premium for Self, Spouse & Children are
for current FY till the date of submission.
LIP (Life eligible.
Insurance 2. In case any premium is due after the last
Premium) Conditions: date of submission of proofs, please
• Life insurance premium for Self, Spouse & Children are provide us Last year premium payment
eligible. receipt.
• Deduction on premium paid is restricted to 20% of 3. Premium deducted from salaries will be
sum assured if the policy is issued before 1st April 2012 considered automatically.
• Deduction on premium paid is restricted to 10% of
sum assured if the policy is issued on or after 1st April
2012

1. Photocopies of deposited Challans and /or

PPF PPF for Self, Spouse & Children are eligible. PPF Passbook with copy of the covering
page or Bank Statement

NSC can be claimed only for investment made for self.

1. Photocopies of all NSC certificates
Investments made in the name of parents (father / mother
NSC purchased in the current year.
/ both) or in-laws including spouse & children are not
eligible for deduction under section 80C.
NSC interest declared will also be accounted as “Other. It is not considered through Portal /
ACCURED Income” and taxed. Payroll
INTEREST OF Please use the below link
NSC https://www.incometaxindia.gov.in/Pages/tools/interest-on-
national-savings-certificate.aspx
 Particulars Details Proof Required
(During Proof Submission Drive)
1. Photocopies of all premium receipts.
ULIP ULIP can be claimed for Self, Spouse & Children In case any premium is due after the last date of
submission of proofs, please provide us Last year
premium payment receipt.

Eligible only if the employee is a Sr. Citizen. Sr. Citizen is

Deposit Under a person who shall attain 60 years in current financial
Senior year i.e. till 31st March 2022, as per Income Tax Act.
Citizens Bond should be of the current financial year only (Apr 1. Soft copies of Bond certificate
Saving ’21 – Mar ’22).
Schemes Document should specify that benefit is eligible u/s
senior citizen saving scheme

1. Soft copies of final certificate/statement of

MF/ ELSS can be claimed only for investment made for account.
Mutual funds self. MF / ELSS investments made in the name of parents
(ELSS Schemes) (father / mother / both) or in-laws including spouse & 2. In case of SIP investments amount to be
children are not eligible for deduction under section 80C. debited after cut-off date can also be
claimed
** Please inform if SIP has been STOPPED or
claim on actual payment basis.

Only Tuition/Term fees will be exempted, and any

Children other fee like development fee, transport fee, etc. is
Break up of Fees in Receipts is required for exemption
Tuition Fees not exempted.
and should be mentioned as Tuition & Term Fees.
Submit Bank statement
Play School / Pre-Nursery Tuition fee will also be allowed-
Tuition fees breakup is required in Receipt.

Please Note that any deduction through Payroll i.e. PF, VPF, LIP & Mediclaim will be considered
through Payroll system, Please don’t submit any proof regarding this.
 Particulars Details Proof Required
(During Proof Submission Drive)

1. Receipt of fixed deposit made for 5 years or

Fixed Deposit Fixed Deposit should be covered under the tax saver
more than 5 years.
scheme.
2. FD receipt should be marked with “Eligible for
deduction u/s 80C.

The principal component of EMI paid/payable current 1. Current Year Housing Loan Provisional
Financial Year Certificate in the name of the employee
2. Only bank statement is not valid proofs.
Stamp Duty and Registration Charges: The amount you 3. Certificate should provide the breakup
pay as stamp duty when you buy a house and the amount of Interest & Principal paid during current
you pay for the registration of the documents of the house Financial Yea
can be claimed as deduction under section 80C in the year 4. Stamp Duty Paid Receipt pertaining to
Housing Loan of purchase of the house. current financial year to be claimed under
Principal Housing Principal.
Repayment 5. In case of Joint Loan, please provide
Note: the declaration form stating the claiming
percentage. Joint/Self Declaration form is
In absence of Joint/Self declaration Form, 50% benefit available in Portal under Download Tab
will be given in Principal & Interest.
** In absence of Joint/Self declaration Form,
50% benefit will be given

Sukanya The government issued a notification to allow 80C

Samriddhi exemption equal to the amount invested in the scheme up
Photocopy of Receipts with Name.
Yojana (for to Rs.1,50,000/-, which is also the maximum amount one
Submit Bank statement
Girl Child) can invest in this scheme in a financial year
 U/S 24 - INTEREST ON HOUSING LOAN OR LOSS / INCOME FROM HOUSE
PROPERTY
Self-Occupied
• Deduction capped to a maximum of Rs.2,00,000/- P.A. 1. Provisional certificate pertaining to current
financial year with EMI break-up categorized into
• House Property should be in the name of the employee interest and the principal component.

• In case of Joint loan, declaration specifying the % of benefit 2. Relevant possession proof / Self Declaration documents
claimed by the individual. should be accompanied with the bank certificate.

• An employee can claim up to 2 house properties as self- 3. It is advisable to submit utility bill along with possession
occupied. certificate/Registry.
4. If Flat/House & Housing Loan is in Joint Name, then
• An employee can claim only one benefit, either HRA or Interest Submit Self Declaration form for claiming 100
if property is in the same location or place Percentage.
In absence of Joint/Self declaration 50% benefit
will be given
Let out Property (Loss or Income) 1. Provisional certificate pertaining to current financial
year with breakup of interest and principal from the
• Maximum up to Rs. 2,00,000/-. Housing Finance Company / Bank.
2. Provide the Calculation of Income from a Let-Out property
• House property Should be in the name of the employee. 3. If Flat/House & Housing Loan is in Joint Name, then
Submit Self Declaration form for claiming 100
MAXIMUM OF Rs.2,00,000/- IN TOTAL IS ALLOWED UNDER LOSS Percentage
FROM SELF OCCUPIED AND LET OUT HOUSE PROPERTY.
In absence of Joint/Self declaration 50% benefit will be
given

Please Note - In absence of Joint/Self declaration, 50% benefit will be given

In case of 2 Flats in same city, then one Flat can be claimed for Interest
Housing loan as Self occupied and another Flat as to be claimed under Let
out Property.
Leave Travel Allowance:
LTA exemption is for expenses incurred for travelling when on leave anywhere in the country.

S.l No Scenario Eligible exemption

1 Place of journey and destination are not The amount equivalent to the air-conditioned first-
connected by any recognized public transport class rail fare, for the distance of the journey by the
system shortest route, as if the journey had been performed
by rail.
2 Place of journey and destination are not The amount restricted to 1st class Rail fare by the
connected by rail (partly/fully) but connected by shortest route to the place of destination. Required
other recognized public transport (by Road) Details of Travel and Members name with relation.
3 Place of journey and destination are connected The amount spent for any mode of transport other
by rail than by air, restricted to air-conditioned first-class
rail fare by the shortest route to the place of
destination
4 Journeys performed by air The amount is restricted to the air economy fare of
the national carrier by the shortest route (Travel in
India) LTA is not exempted for abroad Travels.

Documents Submission:
LTA covering Form is Mandatory, available in Portal on right side (file name – LTA Covering Form) in Policies &
Procedures Tab, else your claim will not be processed.
Copy of Invoice with amount along with boarding passes (if air).

Note:
• Only Mother, father, spouse, two children and dependent siblings are exempted.
• Foreign trips are not exempted.
• Only 1 trip in a year is exempted and only 2 trips in four years are exempted.

Car Lease
Those who have opted for Car Lease, Employees are requested to provide the Bills along with covering Form
available in Portal on right side (file name -Fuel covering form) in Policies & Procedures Tab
Proofs to be submitted:
Fuel Bills for current financial year and copy of RC which should be in your name only.
Driver Receipt – copy of Driver License & Driver salary receipt, period to be mentioned and if amount is above
Rs.5,000/- revenue stamp is required.

Note:
Current Financial year bills will not be carried forward in next FY.
 PREVIOUS EMPLOYER SALARY
An Employee who has joined the company during current financial year, needs to give the
details from his previous employer in the Form 12B along with certified Final Tax
Computation sheet / Form 16 / Tax Certificate for current FY issued by the previous employer
so that correct tax can be deducted accordingly. We will consider previous employer salary
details only for Tax calculation, but same will not considered in Form 16.
Note: - Details to be provided in Portal and FNF Tax Statement to be submitted

INCOME TAX SLABS FOR FY 2024-25 for Regime

Old Tax Regime New Tax Regime

Range of Annual Net Taxable Income
Rate (%) Rate (%)
On first Rs. 2,50,000 0 0

Rs. 2,50,001 - Rs. 5,00,000 5 5

Rs. 5,00,001- Rs 7,50,000 10

20
Rs. 7,50,001 - Rs. 10,00,000 15

Rs. 10,00,001- Rs 12,50,000 20

Rs. 12,50,001 - Rs. 15,00,000 30 25

Above Rs 15,00,000 30