The Essential List of Proofs for Income Tax Declarations

Major Sections to Claim Income Tax Deductions

Section 80C

The maximum deduction allowed under Section 80C is INR 1,50,000. This section covers the following deductions (with required documentation):

• Life Insurance: Premium slips (for self, spouse, or children).
• ELSS/Tax-Saving Mutual Funds: Account statement.
• Public Provident Fund (PPF): Passbook copy (for self, spouse, or children).
• Principal Repayment of Home Loan: Home loan statement showing principal repayment or a certificate from the bank.
• Children's Tuition Fees: Fee receipts (for up to two children).
• Tax-Saving Fixed Deposits: Receipt copy.
• Unit Linked Insurance Plans (ULIPs): Receipts, certificates, account statements, or passbook copies for the current financial year (for self, spouse, or children).
• National Savings Certificates (NSCs): Certificate and interest statements.
• Sukanya Samriddhi Account: Passbook.
• Deferred Annuity Plan: Proof of payment for a non-commutable deferred annuity on the life of the individual, spouse, or child.
• National Housing Bank (NHB) Schemes: Proof of subscription to any deposit scheme, pension fund, or home loan account scheme offered by NHB.

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Section 80 CCC

Pension Plan: Receipts /Certificate / Statement of A/c / Copy of passbook of current financial year.

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Section 80 D

Section 80D allows deductions for medical health insurance premiums.

For self, spouse, and children:

• Proof: Mediclaim policy copy, premium receipt, or health checkup receipts.
• Deduction Limit: INR 25,000 (INR 50,000 for individuals above 60).

For parents:

• Proof: Mediclaim policy copy, premium receipt, or health checkup receipts.
• Deduction Limit: INR 25,000 (INR 50,000 if parents are above 60).

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Section 80DD

Section 80DD covers expenditures on dependents with disabilities.

• Proof: Certificate from the Prescribed Authority (Form No. 10-IA or the applicable prescribed form).
• Deduction Limit:
  • INR 75,000 for 40% or more disability.
  • INR 125,000 for 80% or more disability (severe disability).

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Section 80U

Section 80U covers expenditures related to one's own disability.

• Proof: Certificate from the Prescribed Authority (Form No. 10-IA or the applicable prescribed form).
• Deduction Limit:
  • INR 75,000 for 40% or more disability.
  • INR 125,000 for 80% or more disability (severe disability).

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Section 80DDB

Section 80DDB covers deductions for the treatment of specified diseases.

• Proof: Prescription from a specialist for the specified disease or ailment.
• Deduction Limit: INR 40,000 (INR 1,00,000 for senior citizens).

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Section 24(b)

Interest paid on a housing loan (under Section 24) is deductible.

• Required Documentation: Certificate from the bank/home loan statement, a self-declaration stating whether the property is self-occupied or let out, and a completion or occupancy certificate (for claiming interest).
• Deduction Limits:
  • INR 2,00,000 for self-occupied properties.
  • The full amount of interest paid for let-out properties.

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Section 80G

Deductions are available for donations to specified trusts. Required documentation: Donation receipts and the PAN of the recipient organization (donee).

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Section 80E

Deductions are available for interest paid on education loans.

Required documentation: A copy of the loan certificate showing the interest payments.

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House Rent Allowance (HRA)

For proof of rent paid:

• Provide a rental agreement or monthly rent receipts (with a revenue stamp if the monthly rent paid in cash is INR 5,000 or more).
• If the annual rent paid exceeds INR 1 Lakh, you must provide the landlord's Permanent Account Number (PAN) details.

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Section 10(5)

Leave Travel Allowance (LTA) can be claimed for two journeys within a block of four calendar years (e.g., the 2018-2021 block). Acceptable proof of travel includes flight, train, or bus tickets.

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Section 17(2)

Medical reimbursements require original medical bills (for self, spouse, children, and parents) as proof. The maximum reimbursement limit is INR 15,000.

For further details and expert advice on various deductions, check out our blog on deductions. This list will especially be useful when you file ITR.

Forgot to submit any tax proof to the HR department? Don’t worry; you can still get income tax refund on excessively paid tax when you file an income tax return with the Income Tax Department. However, there are certain deductions like LTA and interest on housing loans that can only be claimed through the employer. Need help with Taxes? Book an Online CA!

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