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Guidelines TaxRelatedDeclarations2022 23 ENCORE
Guidelines TaxRelatedDeclarations2022 23 ENCORE
F. Y. 2022-2023
A. Y. 2023-2024
On clicking the icon, you can view the tax declaration screen at the bottom. If you had submitted any declaration for the
year 2022-2023 earlier, you would see the last submitted declaration being displayed. You can edit the last submitted
declaration and submit it as final declaration. In case you are submitting the declaration for the first time in the year, you
will see a blank screen in which you can make entries.
Please note that this will be your final declaration for the year. On the screen, you will be able to see “Final” for the
Declaration Type field by way of a disabled dropdown (please see the above screenshot). In case you see “Initial” in the
disabled dropdown instead of “Final,” please report it to us by sending an email to incometaxqueries@tanqaa.in.
Fill in tax declaration information on the screen. Please click on the icon on top right of the screen for help. After you
complete entering the declaration, scroll down to the bottom of the screen and click the “Submit” button.
As soon as you submit the declaration, you will see an entry bearing the time stamp in the “Comments History” area. If
you do not see the date and time of submission in the “Comments History” area, you should assume that your declaration
has not been recorded by Tanqaa and you have to submit your declaration once again.
You can re-submit your Final declaration multiple times till last date of submission.
In the PDF file, you should see “Final Declaration” in the title. If you see “Initial Declaration” please re-submit your
declaration and take a print out of the declaration.
This should
be Final
Print the PDF file, and affix your signature on the last page of the declaration sheet. Declaration sheet without employee
signature will not be considered for exemption calculation.
Please go through the declaration sheet to check if all your entries have been accurately presented. Please note that all
house rent, home loan, and investments stated in the declaration should have a corresponding receipt. If receipts are not
furnished, your declaration may be rejected, and consequently your tax liability may go up.
Submit your Declaration Sheet scan copy (.pdf) under “ Tax Proof ” Tab
In this tab, Declaration Sheet (declaration sheet along with Form 12BB) to be uploaded.
Only one zip file shall be created and inside the zip only PDF files are allowed.
To upload a different zip file, uploaded PDF file(s) shall be removed and a new zip file can be uploaded with PDF
files.
For this zip file cannot be removed directly, need to first delete all the PDF file(s) from the Uploaded Files list.
PDF files uploaded shall be removed, if not required, by selecting the Delete check box after each file.
PDF uploaded shall be viewed by clicking the file icon under Download option against each file.
Guidelines
1. The leave travel should be to places within India for leave travel allowance
exemption calculation. Overseas travel will not be considered for exemption
calculation.
Guidelines for tax related declarations 13 | P a g e
2. Bills from travel agents will not be considered as proof in place of original tickets.
3. The employee should have traveled for the claim to be valid.
4. Own car expenses is not valid for travel.
5. LTA block period Jan-2012 to Dec-2025, you can avail only 2 times in this block
period.
80EEA Note:
Home Loan Interest (on or after April 1, 2022)
Home Loan Sanction Date: Please enter the Loan Sanction Date.
Is First Home Loan: Check the box if it is the First Home Loan.
Home Loan Amount: Please enter the Total Home Loan sanctioned by the
Financial Institution.
Cost of Home: Please enter the cost the flat or total estimate of the House to be
constructed.
The above details are required to provide exemption under Sec 80EEA of Income Tax
Act where first time Home buyers are provided an additional Rs 1,50,000 (One Lakh
Fifty Thousand) Self Occupied property apart from the existing exemption of
Rs.2,00,000(Two Lakh).
This exemption is applicable only if the
General Note:
The interest on a housing loan should be considered for tax deduction only if the
acquisition or construction of the property for which the loan is taken, is completed
within the end of the financial year during which the interest is to be considered for tax
deduction.
Proof to be submitted
Copies of the insurance policy with details of the insured persons and the receipt of
premium paid for the year.
Guidelines
1. The insurance policy should be from a company approved by the IRDA.
2. The premium amount should pertain to Apr 2022 – Mar 2023.
3. The insurance policy can be for the employee, spouse and children of the
employee.
4. Late fee payment, if any, will not be considered for tax exemption.
5. After cutoff date the New Policy cannot be considered.
Note:
If the policy issue date is 01-April-2012 or later, then the deduction benefit on account of
the insurance premium shall be the actual premium paid or 10% of the sum assured
amount, whichever is lower. For example, if the sum assured amount is Rs 1 lakh and the
annual premium amount is Rs 30,000, then the deduction is restricted to Rs 10,000 (or
10% of the sum assured amount).
If the policy issue date is before 01-April-2012, then the deduction benefit on account of the
insurance premium shall be the actual premium paid or 20% of the sum assured amount,
whichever is lower.
In case there are any pending bills to be submitted after the proof submission cut-off date,
please declare the same in Tanqaa under ‘Pending’ tab as shown below
Guidelines
The term deposit should be for a minimum period of 5 years to be eligible for tax
exemption.
The following are the deduction not allowed under tuition fees
Guidelines
1. Where the condition of disability requires reassessment, a fresh certificate is to be
obtained for exemption