Income Tax Declaration: Essential Proofs

Introduction: Submitting investment proofs to your employer ensures accurate TDS deductions, crucial as the new tax year approaches. Section 80C: Deduct up to INR 1,50,000 by investing in Life Insurance, ELSS, PPF, Housing Loan repayment, Children’s Tuition Fees, Fixed Deposits, ULIPs, NSC, Sukanya Samriddhi Account, Annuity Plans, NHB deposit schemes.

Section 80CCC: Claim deductions for contributions to Pension Plans. Section 80D: Deduct Medical Insurance premiums for self, family, and higher for senior citizen parents.

Section 80DD and 80U: Deductions for disabilities of dependents and self, respectively. Section 80DDB: Claim deductions for specified disease treatments.

Section 80G: Deduct donations made to trusts. Other Deductions: Include Education Loan interest (Section 80E), Housing Loan interest (Section 24(b)), HRA, LTA, and Medical Reimbursements.