Investment declaration form

The need for Investment declaration form by the employer from employee is for the sole reason to properly deduct taxes(TDs)( for getting proper deductions ).

And for employee, to get the claim of deductions made in investments eligible for deductions

As per the requirements of Income Tax Act 1961, the company has to deduct the TDS from the salary of its employees. The employer is required to take the declaration for the investments from the employees in order to deduct the tax accordingly in order to avoid any penalty/interest.

Hope the above find in order.

Regards

Manish Jain

manishjaincfa @ gmail.com

This will help you to get the right tax deducted.