INSTRUCTIONS FOR SUBMITTING INVESTMENT PROOF FY 2010-11

1. Employee number and name should be clearly mentioned on each proof/document submitted. Proofs without
this identification are liable to be rejected.
2. Please ensure that you use a separate CSS envelope for submission of all documents pertaining to
investment proof and do NOT include any reimbursements/other documents in the same envelope. Please
write “Investments Proof Submission” on top of the envelope. If additional documents are to be submitted,
please ensure that you mention “Investments Proof Submission- II” on top of the second envelope.
3. Proofs should be secured in a proper manner (stapled) to the Investment Proof Submission Form to prevent
loss in transit.
4. Please note that CSS needs to receive necessary supporting documentation substantiating the entries made
by you in the Investment Proof form, to provide tax benefit to you.

Item Supporting documentation required to be submitted

1. A copy of the Rent Receipt for the starting month (i.e. either April 2010 or the
month during which you have joined the organization, whichever is later), and
one rent receipt for every quarter. In case of change in rental amounts, rent
receipts for the month prior to the rent change and after the rent change, both
should be submitted.
House Rent: Applicable only for
2. If Rent is upto Rs.15,000/- per month - Rent receipt duly signed by the
employees who have opted for House
landlord on Re.1 revenue stamp should be submitted.
Rent Allowance (HRA) during the
3. If Rent is between Rs.15,001/- to Rs.25,000/- per month - Rent receipt duly
Financial Year (FY) 2010-2011.
signed by the landlord on Re.1 revenue stamp and a copy of the rental
agreement between the employee and the landlord, pertaining to the current
FY (2010-2011), should be submitted.
4. If Rent is above Rs.25,000/- per month - Rent receipt duly signed by the
landlord on Re.1 revenue stamp clearly mentioning the landlord’s Permanent
Account Number (PAN) and a copy of the rental agreement between the
employee and the landlord pertaining to the current FY (2010-2011) should be
submitted.

Copy of the FY 2010-11 medical insurance premium receipt

Medical Insurance premium paid (e.g.
Mediclaim) – For Dependants. (Section
80D)
Dependants include spouse, children and parents only.
Dependants do not include in-laws, brothers and sisters.
Please provide only copies of receipts for payments made to the Insurance
Company (Mediclaim) directly by you.

Insurance premium deducted through payroll will be automatically considered for

Expenditure incurred on medical
treatment, training etc., for handicapped
dependant(s) (Section 80DD)
Interest on repayment of education loan
availed for higher education for self,
spouse and children (Section 80E)
tax exemption and requires no documentary proof.
1. Proof of expenditure incurred OR a duly signed declaration certifying the
actual amount of expenditure incurred AND
2. Receipt/acknowledgment for the amount paid/deposited into specified
schemes of LIC/UTI AND
3. A permanent physical disability certificate from a physician, surgeon, or a
psychiatrist, as the case may be, working in a Government hospital. The
certificate should include the employee’s name.
4. Dependants include spouse, children, brothers, sisters and parents.
5. Dependants do not include in-laws.
Copy of passbook showing repayment of loan including the interest or copy of a
certificate issued by the Bank, financial institution or an approved charitable
institution showing the interest and principal amounts separately.
Please note that the principal amounts repaid will not be considered for
exemption.

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 INSTRUCTIONS FOR SUBMITTING INVESTMENT PROOF FY 2010-11

Deduction for a person with disability Copy of the certificate issued by a medical authority stating the extent (i.e.
(Section 80 U) percentage) of disability
1. Employees those who do not have an HRA component in their salary
Deduction in respect of rent paid structure (CTC) can claim rent deduction under this section.
(Section 80 GG) 2. Employee has to submit rent receipt.
3. Deduction in this respect cannot exceed Rs. 2000/- per month.

1. Copy of provisional interest certificate from the bank/bank payment

schedule/certificate OR a copy of bank passbook stating clearly the principal
amount and interest separately.
2. Document clearly showing the loan availed date.
3. Document clearly showing the date of possession.
4. Interest computation statement (self occupied/let out) duly completed and
signed is mandatory to provide housing loan interest deduction. Templates
are attached in the communication for your reference.
5. If the property is under joint ownership (‘n’ number of joint owners) then, the
employee would receive (100/n)% housing loan interest deduction.
a. For example, if the property is under joint ownership (say n = 3 joint
owners) then, the employee would receive 100/3 (joint owners) =
Interest on Housing Loan (Section 24) 33.33% of housing loan interest deduction etc.
6. If only one of the joint owner(s) is availing the deduction, then the employee
should submit a declaration from the other joint owner(s) committing that only
the employee is availing the deduction and not the other joint owner(s). Then,
the employee will be provided 100% housing loan interest deduction from his
salary income.
7. Loss on House property will be calculated as below:
a. For self occupied property: Rs. 1,50,000 or interest on housing loan
paid, whichever is less
b. For let out property (refer to the illustration below)
8. Late payment/penalty interest should not be included as interest in computing
loss on house property.

Computation of housing loan benefit, if the property is ‘let out’ – An Illustration:

Scenario 1 (INR) Scenario 2 (INR)

(A) Rental Income 600000 600000
(B) (minus) Municipal / Corporation / Local Taxes -100000 -100000
(C) Sub Total (A-B) 500000 500000
(D) (minus) 30% towards maintenance (30% of Rs. 5,00,000) -150000 -150000
(E) Sub Total (C-D) 350000 350000
(F) Interest on loan paid to Financial Institution -150000 -550000
(G) Net Income (or Loss) on house property (E-F) 200000 -200000
(H) Taxable Salary 1000000 1000000
Net Taxable Income (G+H) 1200000 800000

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 INSTRUCTIONS FOR SUBMITTING INVESTMENT PROOF FY 2010-11

Deductions under section 80C

Copy of premium receipt
Premium paid for dependants (spouse, children and parents) will be
included.
Dependants do not include in-laws, brothers and sisters.
a) Life Insurance premium
Please note that interest incurred on late payment/penalty charged
will not be included in premium paid.

1. Copy of passbook along with the cover page showing investors

b) Contribution to Public Provident Fund name (AND)
2. Copy of the challan duly acknowledged by the bank

c) NSC Copy of certificates purchased during the year 2010-11

Copy of certificates to be enclosed with date of purchase and the
d) Accrued Interest on NSC
amount
1. Copy of bonds
e) Infrastructure/Tax-Saving bonds 2. Copy of the counter foil duly acknowledged by the
Bank/Institution
f) ULIP/LIC Mutual Fund Copy of ULIP/LIC Mutual Fund statement
Copy of tax-saving deposit certificate/receipt/passbook etc. Deposit
g) Other eligible investments should be for a fixed period of not less than five years with
scheduled/nationalized banks

Copy of receipts for tuition fees (excluding exam fees, donations &
development fees, bus fees, text books, private tuitions or tutorial
h) Children’s education expenditure fees) paid to any university/college/school or other educational
institution in India during the FY 2010-2011 for a maximum of 2
children

Deduction under section 80CCC and 80CCF

Contribution to the pension plan of Life
Insurance Corporation (LIC) of India/any
a)
other insurer for receiving pension from the
approved pension fund (80 CCC)
Copy of premium receipt for payments made between April 2010
and the last date of proof submission
Please note that late payment/penalty charged (interest amount)
should not be included in the premium.

Contribution to long term Infrastructure Bond Copy of Infrastructure Bond/Certificate/Counterfoil of the challan
b)
(80 CCF) issued by LIC/IDFC/IFCI

General Guidelines

• Investments/payments made during the current year (April 2010 to March 2011) ONLY will be considered for tax
exemption.
• Donations under section 80 G made by the employee directly will not be considered for exemption. However, donation
amounts deducted through payroll will be considered automatically.
• Income details from previous employer along with investment details (Form-12B) should be submitted. Please note
that pay-slips of previous employer and full & final settlement statements will not be accepted as proof. Also note that
details of your previous employer income/investment once provided, cannot be altered under any circumstances.
• The information contained above is for general guidance only.

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