Year End Document 2009-2010(Revised

8/14/2019 Year End Document 2009-2010(Revised

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Loss or Income from House Property

Income/

LossProofs to be submitted Guidelines

Proof Submissio

format

Loss onHouse

Property

Letter / Provisional certificate from the HousingFinance Company / Bank and calculation of loss

clearly specifying the Interest, Principal and Pre-EMI

interest separately.

• Calculation of loss is necessary in case of let-out properties.• Interest paid in the current year only (Apr’09 – Mar’10) is eligible.

• Pre-EMI interest is deductible in 5 equal installments starting from the

year when the construction is completed or property is acquired. The

relevant proof and the calculations is to be attached.

• In case of jointly availed property loan, the employee to declare only the

amount paid by him/her in the EPSF.

• In case of Joint, employees should specify their % of loan repayment on

EPS form (Mandatory).

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Income

From HouseProperty

Letter / Provisional certificate from the Housing

Finance Company / Bank and calculation of lossclearly specifying the Interest, Principal and Pre-EMI

interest separately.

• Form 12C declaration should be provided by the employee along with

computation statement.• If any housing loan availed by the employee on this particular property

then the true copy of such bank loan statement need to be provided

(Current Financial Year).

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Section 80C deductions

Investment Proofs required to be submitted GuidelinesProof Submission

format

80CCC

(Pension Policy)

Copy of receipt issued by the Insurance Company • Policy from any approved company by IRDA.• Late payment fees will not be considered as premium paid.

• Receipts should be of the current year only (Apr’09 – Mar’10)

True copy of Premium Receipts

of Current Financial

year

Life Insurance

Premium

Copy of all premium receipts issued by the

Insurance Company. Intimation letters provided

by employee will not be considered as proofs.

• Policy from any approved company by IRDA.

• Late payment fees charged will not be considered as premium paid.


• Policy can be in the name of individual, spouse, & children.

• Any Premium due during Feb and March Latest Premium Receipts

of such polices should provide as Proof along with LIC payment

Declaration form and copy of cheques which are payable LIC

True copy of

Premium Receipts

of Current Financial

year

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department with their respective premium amount that were due in

Feb and March.

PPF Copy of stamped challan or PPF passbook • Provident fund can be in the name of individual, spouse & children.

• Maximum contribution allowed under this scheme is Rs.70000/-

True Copy of

Bank pass book.

VPF Voluntary PF deducted through salary. • Maximum contribution allowed under this scheme is Rs.100000/-

Fixed Deposit

in a Scheduled

Bank

• Copy of the Receipt/certificate issued by the

scheduled bank

• Term deposits for a minimum period of 5 years with a scheduled bank

are eligible for deduction.

• Receipt should be of the current year only (Apr’09 – Mar’10)

True copy of FD

Certificate.

ULIP Copy of Receipts / Statement• True copy of Receipts / Statements / Bonds / Certificates should be

of the current year only (Apr’09 – Mar’10)

Mutual Funds /

ELSS

Copy of Receipts / Statement – Specified funds

only.

Postal Deposits Copy of the stamped challan or Passbook

Children

Education fees

Tuition fees paid supported by receipts issued by

the school, college, university or educational

institution.


• Donations, Capitation fess, Building funds, Van fees etc are not

allowed.• Max of 2 Children’s per Year.

True copy of Fees

Receipts.

Previous Employment Income / Tax

Proofs to be submitted GuidelinesProof Submissio

format

Previous

Employment

Income /

Tax

Form 16 or a signed / sealed tax computation sheet,

from the previous employer along with a declaration

in Form 12B.

• Only Form 12B submitted will not be considered.

• The Income after Sec 10 exemption, Professional Tax / Provident Fund

Income tax deducted will be accounted for while computing the tax

liability.• Where the previous employer has granted Deduction’s for Investments

made – proofs of such investments will have to be re-submitted.

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Treatment of Previous Employment Income

Employee has to submit Form 16, or a signed / sealed tax computation sheet, from the previous employer along with a declaration in Form 12B.Form 16 or the signed tax sheet from the previous employer is mandatory. Only Form 12B submitted will not be considered.

Previous employment income, as per supporting, will be accounted for computing the tax liability for the year. While generating the Form16, the previous employment details will be removed. This treatment is supported by the below circular from the IT department.

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