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  • Form 12bb In Excel Format No Download Needed

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FORMNO.12BB (Seerule26C) 1. Name and address of the employee: 2. Permanent Account Number of the employee: 3. Financial year: Details of claims and evidence thereof Sl No. Nature of claim Amount (Rs.).

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What happens if you accidentally forget to provide Form 12BB to the employer? In case you forgot to submit form 12BB to your employer within the prescribed time, the employer will not be able to give you the benefit of deductions and other tax exemptions.

Here is the information that needs to be filled in Form 12BB: Name, address, and PAN number of the employee. Name and address of the employer. Financial year for which the declaration is being made. Details of the tax deductions and exemptions claimed by the employee, including:

If the employee is not able to furnish the actual proof, the employer will not consider such deductions while calculating his tax liability, resulting in more deduction of TDS & hence lower in-hand salary for march month.

You may have made a tax saving investment, you have to submit investment proof to the employer to save tax. You need to submit your investment proofs as per the deadline set by your organization. You may see increased TDS getting deducted from your March salary if you fail to submit proofs before the deadline.

Yes, if you missed submitting some investment proofs to your employer in Form 12BB you may declare them while filing your tax return. You may also be eligible to claim a tax refund after that.

You can download the sample Form 12BB from the Income Tax Department website. Fill Personal Details i.e, Add your Name, Address, and PAN details. Also, mention the current financial year i.e 2020-2021. If you are incurring any rental expenses for your work then that can be deducted under HRA.

Form 12BB is mandatory for all salaried individuals who wish to claim tax deductions on investments or expenses made during the financial year. It is an important document for both employees and employers as it helps ensure that the correct amount of tax is deducted from an employee's salary.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232