1)The Employer should ensure that, the declaration forms have been circulated to all the Employees during April, 2013 or if not done in April, 2013 required to be done ASAP.
Note: In case of newly joined employees, please circulate the declaration in the first month of joining
2)The filled copy of the declaration form has to be submitted by the Employee before processing the Payroll for the month of April, 2013, If not done in April, 2013 required to be complied with ASAP.
Note: In case of newly joined employees, required to file declaration form in the first month of joining.
3)The Employer has to define the CUTOFF date towards the submission of the relevant supporting documents for the amounts declared by the employee in the declaration Form. (Say e.g.: 15th January, 2014).
4)The employer has to ensure that all the relevant supporting as per the declaration form given by the employee is received before 15th January, 2014 (So that any short fall of TDS can be recovered from the balance period of payroll before 31st Mar 2014).
1)The Employee should ensure that, the declaration form has been submitted to the employer well before processing the April, 2013 Payroll, If not done in April, 2013 required to be submitted ASAP.
There is no necessity of giving the Investment Proofs at the time of giving the declaration form to the Employer.
The Employee has to ensure that the necessary proofs (mentioned in the declaration Form) has to submit before the date specified by the Employer (in the above case it is 15th January, 2014).