Tag Archives: Form 12bb

Employers required to collect PAN of lender banks from employees to claim Interest in House Property in the salary return.

Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return.   CBDT had in its Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, (‘the IT Act’) wherein the person responsible for making payment of salary (employer) was obliged… Read More »

Form 12BB : Tax Saving Proof required from Employee in New Format

New Form 12BB for Tax Saving Proof required from Employee Presently, employees who wanted to claim tax deductions are required to file self-declarations of tax savings/deductions to employer along with the evidences of such tax savings for every financial year. Employer was liable to deduct tax at sources on the estimated income of employees after considering such… Read More »