How Do Employees Declare Savings for Tax Exemptions Like HRA and Insurance?

Hi Seniors,

Good morning. I hope everyone is doing fine. Please help me out. Is there any standard form in which employees can mention savings to be exempted from tax deductions, such as HRA and insurance premiums? What is the procedure for all that? Keep smiling.

Neesu

Hi,

You can type keywords 'TDS percentage FY: 2008-09', 'Income Tax' and Google search the pages from India. You have many links. It has tax % for Salary, Contractors, Rent, Dividend, Professional Services, Advertisement, etc., under Sections 26J, C, K, M, etc., of the IT Act.

The reason why I mention this is that instead of waiting for someone to forward it, you can copy it and use it by that time.

Regards,
Chandru

Dear all,

Please let me know if there is any TDS (Form-16) form required for rent purposes.

Regards,
Sailaja.K