Form 12 B queries

Column 6 in Form 12B refers to the total amount of salary  excluding certain components to calculate this amount. 

Step 1 Determine the total salary 

Step 2 exclude section 10  exemptions ex:HRA, LTA,Etc.

Step 3 : exclude perquisites and P.F.contributions .

The resulting amount after these exclusions is the " total amount of salary " tobe reported in Column 6 of Form 12B.

The correct value to report in Column 8 would be the total P.F.contributions is 1,00,000/- in Column 8 

In Column 14 of Form 12B, the 10% refers to 10% of the employee's salary, which is the value in Column 6.

Calculation To calculate the excess employer's contribution to the recognized provident fund: 1. Calculate 10% of the value in Column 6 (Total amount of salary excluding amounts required to be shown in columns 7 and 8).

 2. Compare this calculated value with the actual employer's contribution to the recognized provident fund.

 3. If the actual contribution exceeds the calculated 10%, report the excess amount in Column 14. Example: Column 6 value: ₹600,000 10% of Column 6 value: ₹

To fill Column 15 of Form 12B, you need to determine if the interest credited to the employee's recognized provident fund (PF) account exceeds the rate fixed by the Central Government.

 Checking the Interest Rate The Central Government fixes the interest rate for PF accounts annually.

 You can check the current interest rate on the Employees' Provident Fund Organisation (EPFO) website. UAN Passbook Yes, the UAN (Universal Account Number) passbook will have the details of the interest credited to the employee's PF account.

You can access the UAN passbook online through the EPFO portal or the Umang app. Steps to Check Interest Details in UAN Passbook 1. Log in to the EPFO portal or Umang app using your UAN and password.

2. Navigate to the "Passbook" section.

 3. Select the relevant PF account.

 4. Check the interest credited to the account for the financial year.

5. Compare the interest rate with the rate fixed by the Central Government.

If the interest credited exceeds the fixed rate, report the excess amount in Column 15 of Form 12B. Please ensure accurate reporting to avoid any discrepancies or penalties.

Form 12B is submitted by an employee who joins a company mid-year to declare income from the previous employer, allowing the new employer to factor that income while computing TDS for the remaining months. Form 12BB is different: it is the annual investment declaration form submitted at the start of the financial year (and updated with actual proofs by February) to declare HRA, LTA, 80C investments, home loan interest, and other deductions.

The employer uses Form 12BB to calculate monthly TDS throughout the year, so errors or missing declarations directly cause excess or short deduction. For the full format, what to include in each section, and the deadline for submitting actual proof documents to your employer, see this [Form 12BB investment declaration guide for salaried employees](https://taxgarden.in/blog/form-12bb-investment-declaration-guide-salaried-india).