Guidelines To Fill-Up Tax Proof Module

The following guidelines need to be followed to fill up tax proof module at the time of proof submission.

General Information: Select the instrument type to enter tax proof details Read each fields carefully and update the required information. Once you have entered the values in selected instrument(s) then click Submit to save the details entered. The updated values will be captured against Proofs column in Tax Declaration Page automatically. All Date fields should be updated in DD/MM/YYYY format. Details On Individual Instruments: Life Insurance Premium: Update Name of Insurance Company, Policy No., Date of Commencement, Sum Assured and Premium Amount. Date of Commencement should not be greater than 31st March 2012 Select Frequency of Insurance Premium payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Premium fallen due in current or previous year(s) and paid in the current FY 2011-2012 2. PAYABLE means Premium falling due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Premium Amount and No. of Installments Premium Paid / Payable value will be calculated automatically. Similarly, Total Premium Amount will be computed automatically by the system

 If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the premium would be paid on or before 31/03/2012. Only then Premium payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Premium 1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Late Fee - Should not be entered along with the Premium amount. Select the relationship of Insured. (Self, Spouse or Children) Public Provident Fund (PPF): Update Bank / Post Office Name, Name of the Investor, Date of Payment, Account Number and Amount of Payment Date of Payment should be in current FY 2011-2012 (01/04/2011 31/03/2012) Select the relationship of the investor. (Self, Spouse or Children) National Savings Certificate (NSC): Update Post Office Name, Name of the Investor, Date of Payment, Certificate Date, Certificate No., and Amount of Payment Date of Payment and Certificate Date should be in current FY 20112012 (01/04/2011 31/03/2012) Investment should be in the name of Employee (Self). Unit Linked Insurance Plan (ULIP): Update Name of Insurance Company, Policy No., Date of Commencement, Sum Assured and Premium Amount. Date of Commencement should not be greater than 31st March 2012 Select Frequency of Insurance Premium payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable

1. PAID means Premium fallen due in current or previous year(s) and paid in the current FY 2011-2012 2. PAYABLE means Premium falling due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Premium Amount and No. of Installments Premium Paid / Payable value will be calculated automatically. Similarly, Total Premium Amount will be computed automatically by the system If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the premium would be paid on or before 31/03/2012. Only then Premium payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Premium 1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Late Fee - Should not be entered along with the Premium amount. Select the relationship of Insured. (Self, Spouse or Children)

Premium On Annuity Plan: Update Name of Insurance Company, Policy No., Date of Commencement, Sum Assured and Premium Amount. Date of Commencement should not be greater than 31st March 2012 Select Frequency of Insurance Premium payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Premium fallen due in current or previous year(s) and paid in the current FY 2011-2012 2. PAYABLE means Premium falling due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Premium Amount and No. of Installments Premium Paid / Payable value will be calculated automatically. Similarly, Total Premium Amount will be computed automatically by the system

 If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the premium would be paid on or before 31/03/2012. Only then Premium payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Premium 1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Late Fee - Should not be entered along with the Premium amount. Select the relationship of Insured. (Self, Spouse or Children) Cumulative Term Deposit (CTD): Update Post Office Name, Name of the Investor, Certificate Date, Certificate No., and Amount of Payment Certificate Date should be in current FY 2011-2012 (01/04/2011 31/03/2012) Investment should be in the name of Employee (Self) Pension Fund U/S 80CCC: Update Name of Insurance Company, Policy No., Date of Commencement, Sum Assured and Premium Amount. Date of Commencement should not be greater than 31st March 2012 Select Frequency of Insurance Premium payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Premium fallen due in current or previous year(s) and paid in the current FY 2011-2012 2. PAYABLE means Premium falling due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Premium Amount and No. of Installments Premium Paid / Payable value will be calculated automatically. Similarly, Total Premium Amount will be computed automatically by the system

 If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the premium would be paid on or before 31/03/2012. Only then Premium payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Premium 1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Late Fee - Should not be entered along with the Premium amount. Select the relationship of Insured. (Self, Spouse or Children) Equity Linked Savings Scheme (ELSS): Update Name of Mutual Fund and Scheme, Name of Investor, Date of Commencement, Folio / Account No., and Amount Invested Date of Commencement should not be greater than 31st March 2012 Select Frequency of Investment payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Amount invested in the current FY 2011-2012 2. PAYABLE means Amount due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Amount and No. of Installments Paid / Payable value will be calculated automatically. Similarly, Total Investment Amount will be computed automatically by the system If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the investment through Systematic Investment Plan would be paid on or before 31/03/2012. Only then Investment payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Pay mode

1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Select the relationship of Investor. (Self, Spouse or Children)

Pension Plan Mutual Fund: Update Name of Mutual Fund and Scheme, Name of Investor, Date of Commencement, Folio / Account No., and Amount Invested Date of Commencement should not be greater than 31st March 2012 Select Frequency of Investment payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Amount invested in the current FY 2011-2012 2. PAYABLE means Amount due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Amount and No. of Installments Paid / Payable value will be calculated automatically. Similarly, Total Investment Amount will be computed automatically by the system If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the investment through Systematic Investment Plan would be paid on or before 31/03/2012. Only then Investment payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Pay mode 1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Select the relationship of Investor. (Self, Spouse or Children)

Housing Loan Principal Repayment: Update details of Loan (Self / Joint) Update Property Location, Bank Name, Principal Repayment, Registration Fee / Stamp Duty paid and Remarks if any. Stamp Duty and Registration fee are eligible as deduction under Principal Repayment. Bank Statement with break-up of Principal and Interest should be submitted in original for Current FY 11-12. Total value of Principal Repayment and Stamp Duty / Registration fee shall be considered automatically by the system In case of Joint Loan, Self Declaration to submitted to claim 100% deduction

Infrastructure Bonds: Update Name of the Company, Name of the Investor, Bond Date, Bond No., and Amount invested. Date of Payment should fall in current FY 2011-2012 (01/04/2011 31/03/2012) Investment should be in the name of Employee (self) Tax Saving Fixed Deposit: Update Name of the Bank, Name of the Investor, FDR Date, FDR No and Amount deposited. Date of Payment should fall in current FY 2011-2012 (01/04/2011 31/03/2012) Deduction is available only if deposit tenure is 5 years and above Investment should be in the name of Employee (Self) Tuition Fee: Update Name of the Institution, Name of the Children, Fee Receipt Date, Fee Receipt No., Amount of Payment and Remarks if any. Deduction eligible for 2 children only for full time education

 Select Frequency of Tuition Fees payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Tuition Fee paid in the current FY 2011-2012 2. PAYABLE means Tuition Fee due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Tuition Fee and No. of Installments Paid / Payable value will be calculated automatically. Similarly, Total Tuition Fee Amount will be computed automatically by the system If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the Tuition Fee would be paid on or before 31/03/2012. Only then Tuition Fee payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Amount paid towards Donation, Special Fees, Administration Fees, Books, Amenities etc. will NOT be considered for deduction Medical Insurance U/S 80D: Update Name of Insurance Company, Policy No., Date of Commencement, Sum Assured and Premium Amount. Date of Commencement should not be greater than 31st March 2012 Select Frequency of Insurance Premium payout mode. (Monthly, Quarterly, Half-yearly, Yearly and One Time Payment) Fill in Number of installments Paid & Payable 1. PAID means Premium fallen due in current or previous year(s) and paid in the current FY 2011-2012 2. PAYABLE means Premium falling due in Jan Mar of current FY 2011-2012 and will be paid by you on or before 31/03/2012. Based on Premium Amount and No. of Installments Premium Paid / Payable value will be calculated automatically. Similarly, Total Premium Amount will be computed automatically by the system If the PAYABLE details are filled in then, Self-Declaration needs to be submitted confirming that the premium would be paid on or before 31/03/2012. Only then Premium payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Number of installments for particular FY should be based on Date of Commencement and Frequency of Premium

1. e.g.. If the Date of Commencement is 10/04/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 4 2. e.g.. If the Date of Commencement is 01/10/2011 and frequency of installment is Quarterly then No. of installments for that FY should be 2 and not 4 Late Fee - Should not be entered along with the Premium amount. Update Remarks in case of Insurance includes / covered for Dependent Parents, Dependent Parents Senior Citizen. Deduction in Respect of Maintenance, including Medical Treatment of a Disabled Depended U/S 80DD: Update Name of the Dependent, Select Percentage Disability, Select Amount Claimed and type Relationship of Dependent If percentage of disability is between 40% to 79% then System will consider the deduction as Rs.50000/ If percentage of disability is 80% and above then System will consider the deduction as Rs.100000/ Form 10-IA is mandatory. Deduction in Respect of Person with Physical Disability U/S 80U: Select Percentage Disability, Select Amount Claimed and type Relationship of Dependent If percentage of disability is between 40% to 79% then System will consider the deduction as Rs.50000/ If percentage of disability is 80% and above then System will consider the deduction as Rs.100000/ Form 10-IA is mandatory. Interest on Education Loan U/S 80E: Update name of the Bank, Name of the Borrower, Loan Account No., Loan Date, Interest Amount Paid, Interest Amount Payable and Relationship. Total Amount will be computed automatically by the system Loan Date should not be greater than 31/03/2012

 Copy of Banker certificate giving the break up of Interest and Principal repayment for the current FY 11-12 should be produced in original. Only Interest payment is eligible for deduction Interest Paid and Payable needs to be updated and the total interest shall be considered by the system automatically Select the relationship for whom Education Loan is availed (Self, Spouse, Children) Rent Paid (HRA Exemption): Update Monthly Rental Value from April 11 to March 12. Total Rent Paid will be automatically updated by the system Update Address of the rental location and City. In case of New Joiner, type the rental amount from the Month of Joining. For Rent that falls due after the tax proof cut-off date, type the rent amount and enclose a Self-Declaration confirming that the rent would be paid on or before 31/03/2012. Only then Rent payable after the Tax Proofs submission cut-off date will be considered for tax benefit. Interest on Housing Loan (Income from House Property): Update details against Self Occupied, Let Out or Both Choose the Property Ownership type whether self or joint. Update Date of Possession, Property Location and Bank Name. If details are entered against Self Occupied then update Interest on Housing Loan and Remarks if any. Loss on House Property will be automatically computed by the system If details are entered against Let Out then update Rental Income, Property / Municipal Taxes, Interest on Housing Loan and Remarks if any. Net Annual Value (NAV), Repair & Maintenance (R&M) at 30% on NAV and Loss on House Property will be automatically computed by the system. Rental Income and Property / Municipal Taxes paid should fall from April 11 to March 12 Bank Statement with break-up of Principal and Interest should be submitted in original for Current FY 11-12 In case of Joint Loan, Self Declaration to submitted to claim 100% deduction.

Other Income: If any other income required to be included in your income and taxed then, update Other Income value and details in Remarks field Do NOT update Capital Gains under Other Income Other Income shall mean Bank Interest etc. Tax computation will be based on the Normal Tax Slab and not under any Specific Tax Slab.

Previous Employment Income: In case you are a New Joiner then can update Previous Employment Income details under this header. Update Name of the Employer, Period From - To, Gross Income, Exemption U/S 10, Professional Tax, Provident Fund and Tax Deducted if any. Period From To should fall in the FY 2011-2012 Gross Earnings means All Components of Salary Earned including Perquisites (viz., Loan Perquisites, Accommodation Perquisites, etc.,) in Previous Employment during the FY 2011-2012 Exemption U/S 10 means Exemption accounted by Previous Employer Salary After Exemption U/S 10 means Gross Earnings LESS Exemption U/S 10. This field will be automatically updated by the system Attach either Form 16 issued by your previous employer and From 12B Or Tax Computation Sheet, Full & Final Settlement issued by your previous employer and Form 12B Copy of Previous employers Form 16 / Tax computation sheet should to be provided for the current FY 11-12 and it should be duly authorised and signed with company seal.