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Income Tax Proof Documents Submission Guidelines (2018-19)

Income Tax Proof Documents Submission Guidelines (2018-19). Income Tax Act Sections and Limits (2018-19). Note: * Subject to conditions specified in the IT Act and IT rules in Force to be satisfied. Important Budget Changes for FY 2018-19.

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Income Tax Proof Documents Submission Guidelines (2018-19)

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  1. Income Tax Proof Documents Submission Guidelines (2018-19)

  2. Income Tax Act Sections and Limits (2018-19) Note: * Subject to conditions specified in the IT Act and IT rules in Force to be satisfied. IBM Confidential

  3. Important Budget Changes for FY 2018-19 • The budget announced a standard deduction of Rs.40,000 for salaried employees, but it also did away with the tax exempt Conveyance allowance of Rs.19,200 and medical reimbursement of Rs.15,000. • The deduction limit for medical expenses for specified critical illnesses under section 80DDB, has been hiked to Rs.1 lakh for all senior citizens from Rs.60,000 (in case of senior citizens) and Rs.80,000 (for super senior citizens). • (Neurological Diseases, Parkinson’s Disease, Malignant Cancers, AIDS, Chronic Renal failure, Hemophilia, Thalassaemia) IBM Confidential

  4. Income Tax Documents Requirements Guidelines (2018-19) IBM Confidential

  5. IBM Confidential

  6. Note : All the supporting Forms/Declarations are also available in relevant Forms/Declaration link in IT-Proof application .Download, fill and upload as required in duly filled and signed soft copy form for respective proof items. IBM Confidential

  7. IBM Confidential HR Services - Bangalore Delivery Center

  8. IBM Confidential HR Services - Bangalore Delivery Center

  9. IBM Confidential HR Services - Bangalore Delivery Center

  10. IBM Confidential

  11. IBM Confidential

  12. Important Points to Note Note 1 : For any investments made in the names of the spouse or child of the employee, the employee must provide a duly filled and signed Self Declaration soft copy declaring that the investments are being claimed by employee only and not by spouse/Child of employee. Note 2: You can submit one Self Declaration duly filled and signed soft copy form for all tax components instead of multiple ones by mentioning all the Income Tax components in one Self declaration form. Note 3: You can find the all the declaration and relevant Forms in IT Proof Portal https://ibmitproof.spearglobal.com/downloads.aspx Note 4 : If investment under National Pension Scheme (NPS) is deducted from FBP thru payroll you need not submit any proofs or declare in the IT proof tool. The same would be considered for exemption directly by payroll. IBM Confidential

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