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Form 12BB Announced for Self-Declaration of Claims and Deductions

Updated on: 07 Aug, 2023 02:47 PM

The Income Tax Department has come up with a fixed format for the declaration of claims and deductions along with their evidences, to be given by the employee to the employer in the form 12BB from the Financial Year 2016-2017.

From now onwards, it's mandatory for an employee to provide with all the declarations along with their evidences to his employer in the Form 12 BB. This will prove to be beneficial for both the employer and the employee because claims and declaration can now be better documented with the help of the above-mentioned form.

As discussed in our previous blog, 'Income Tax Declaration and Investment Proofs'

Here are some of the examples of the evidences required against claims as mentioned in the official notification (30/2016) of the Income Tax Department.

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 the head Income from house property. Name, address and permanent account number of the lender.
4. Deduction under Chapter VI-A. Evidence of investment or expenditure.

Format of form 12BB require for declaration is as under:

(See rule 26C)
Statement showing particulars of claims by an employee for deduction of tax under section 192

  1. Name and address of the employee:
  2. Permanent Account Number of the employee
  3. Financial year

Details of claims and evidence there of

Details of claims and evidence thereof
Sl. No. Nature of claim Amount (Rs.) Evidence / particulars
1. House Rent Allowance:
(i) Rent paid to the landlord
(ii) Name of the landlord
(iii) Address of the landlord
(iv) Permanent Account Number of the landlord
Note: Permanent Account Number shall be furnished if the aggregate rent paid during the previous year exceeds one
2. Leave travel concessions or assistance
3. Deduction of interest on borrowing:
(i) Interest payable/paid to the lender
(ii)Name of the lender
(iii) Address of the lender
(iv) Permanent Account Number of the lender
(a) Financial Institutions(if available)
(b) Employer(if available)
(c) Others
4. Deduction under Chapter VI-A
(A) Section 80C,80CCC and 80CCD
(i) Section 80C
(ii) Section 80CCC
(iii) Section 80CCD
(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.
(i) section.
(ii) section.
(iii) section
(iv) section.
(v) section.
I,..,son/daughter of.. do hereby certify that the information given above is complete and correct.
Date… (Signature of the employee)
CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.