TDS on Salary tax saving declaration

Save Share

This query is : Resolved

Quick Summary

This discussion addresses how to handle Tax Deducted at Source (TDS) on salary for an employee who resigned mid-year. It focuses on whether to include HRA exemptions and 80C deductions in Form 16B, especially when investment proofs haven't been submitted by the employee's last day. The advice leans towards considering HRA exemptions but not 80C deductions if proofs are missing, and clarifies that HRA exemption requires rent receipts.

amit

amit (Querist)
Follow

26 June 2022 Dear Sir,

I had an employee with 1500000/- per Annum in which 50% HRA included. He pay Rent of rs 45000/- Pm .He joined us on 01-07-2021 and resigns on 28-10-2021. in his tax saving declarations he claimed deductions U/S 80C Rs 150000/- but no proofs provided as he leaved earlier and we collect investment proofs last cut off date 15-02-2022. so we show salary in form 16B whether to consider 80C deductions and HRA Exemptions or not??

Please provide asap

Thanks in advance