Salaried class probably is the most worried and concerned about tax. They need to plan their savings from the tax implication standpoint,
so that tax liability becomes minimum.
To enable HR/Accounts department calculate their tax liability, all the relevant documents for Financial Year i.e. Savings/
Investments etc. must be submitted on time to compute the tax well in time and inform the individual his/her tax
liability based on the submitted documents. Documents (photocopies of Savings and Payments) required to be submitted are:
Savings bank account/statement (All Banks).
Provident Fund(PF)/ Public Provident Fund(PPF)
Insurance- Life (in case other insurance like Health, Vehicle and Home are done by individual then premium payment receipts must be submitted).
National Savings Certificate(NSC)
National Pension Scheme(NPS)
Health and Vehicle Insurance
In case you are living in a rented accommodation, you must submit all the monthly receipts of the rent. However, in case your accommodation is
on company lease, then the department will take care of that. But if you stay in your own house or with your parents, then you may get only HRA.
Any other income required to be clubbed with Income, if it is one or more of the following:
Income from House Property
Profit and Gains, Fees, Commission, from business or profession