New Income Tax form 12BB for claiming HRA, LTA, 80C deductions
CBDT vide its notification no 30/2016 dated 29-04-2016 has inserted new rule 26C in the Income tax rules and notified form 12BB for furnishing to the employer.
The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on
leave travel allowance concession (LTA/LTC),
house rent allowance (HRA) and
interest paid on home loans.
claiming tax deduction under Chapter VI-A. (that includes popular 80C deduction)
Sl. No.
Nature of claims
Evidence or particulars
1
House Rent Allowance.
Name, address and permanent account number of the landlord/landlords where the aggregate rent paid during the previous year exceeds rupees one lakh.
2
Leave travel concession or assistance.
Evidence of expenditure.
3
Deduction of interest under t...