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Employee's Income Tax Option-cum-Declaration Form for the Financial Year 2024-25 (Assessment Year 2025-26)
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Name:PAN No:
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Designation:Gender:
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Department:DOB :
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DOJ:Contact No.
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Email:
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I am willing to opt for calculation of Income Tax and deduction of TDS as per old Tax regime specified in the Income-tax Act,1961Please specify
Yes/No 		If No, please provide the data under heading A,B&F of this form only.
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If Yes, please provide the data for all sections of this form.
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S. No.DESCRIPTIONRs.Proof Document Required
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AParticulars of Income from sources other than salary from the NIT Patna (optional)
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1 DividendsCertificate
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2 Interest (Please mention saving bank account interest seperately)Certificate
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3 Other Incomes (specify)Appropriate Certificate
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Total Earnings0
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BIncome from House Property
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Annual Value of House Property (As Per Income Tax Act)Documentary Proof
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Less:
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(I) Standard Deduction as per Section 24(1)
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(II) Interest on Housing Loan - as per Section 24(2) (for Tax Exemption - Property acquired /constructed before 01-04-1999 - Maximum Rs.30,000 elgible & Self Occupied/Let out/Deemed to be let out Property acquired /constructed after 01-04-1999 - Maximum Rs.200,000 eligble)
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a. Amount of Interest for the F.Y. 2024-25Bank Certificate
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b. Amount of Interest for Pre-Contruction Period (as per Income Tax Rule)Certificate
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Total Income from House Property0
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CHRA: RENT PAID PER MONTH ( Please mention the starting and ending month)Rent (p.m.)
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Period:Original Rent Receipts every month (with Revenue Stamp above Rs. 4999/-) or Rent Agreement. Receipt should contain Name, Address & PAN of Landlord.
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Total Rent Paid (per annum)
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Signature of the employee/pensioner
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DINVESTMENTS U/S 80C, 80CCC & 80CCD (1) capped at Rs 1.5 Lakh
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1Provident Fund (PF) N.A.No proof of document required
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2Employees Contribution under NPS 80CCD(1)N.A.No proof of document required
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3Employees Contribution under NPS 80CCD(1B)
(Max Rs.50000.00 In Addition to u/s 80C, 80CCC & 80CCD (1))		Proof of document required
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4Public Provident FundReceipts / Statement
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5Contribution to Certain Pension FundsCertificate
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6Housing Loan Repayment Principal (payable in F.Y. 2024-25)As per Provisional Bank Certificate
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7Insurance Premium (excluding GIS contribtuion)Receipts / Statement, No Proof submission required for GIS
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8Allowable Term Deposit with Schedule BankCopy of TDR/ Bank Certificate
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9National Saving Scheme / CertificateCertificate
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10Mutual Fund (eligible fund under this section)Certificate / Acknowledgement
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11Children Education Expenses / Tuition Fees Certificate / Copy of fees paid.
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12Others, (Please specify if any)Certificate / Receipts
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Total Investments U/S 80C, 80CCC & 80CCD (1) - limited to Rs 1,50,000/- + U/S 80 CCD (1B) maximum Rs.50,000/-0
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EOTHER PERMITTED DEDUCTIONS
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180D - Medical Insurance Premium (Rs. 30,000 for super senior citizen and Rs 25,000 for other than super senior citizen (Maximum deduction Rs.50,000).Receipt / Statement
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280DD - Deduction in respect of maintainance including medical treatment of a handicapped dependent who is a person with disability. (Rs.75000.00 for person with disability i.e. not less than 40 percent and Rs.125000.00 for person with severe disability i.e. 80 percent or above.Receipt / Statement/Proof of expenditure and necessary certificate from medical authority.
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380DDB - Expenditure on Medical Treatment for specified diseasecertificate / prescription from medical specialist + expense vouchers
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480E - Repayment of Interest against loan taken for higher Education.Bank Certificate and proof of payment,copy of sanction letter.
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580EE - Deduction (up to Rs. 50,000) in respect of interest on loan taken for residential house property, subject to certain conditions satisfied.Copy of sanction letter + Bank certificate+ Declaration regarding the only house on which such deduction is claimed.
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680G - Deduction in respect of donations to certain funds, charitable institutions etc.Receipts/ Proof of payment.
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780GG -Rent Paid but not in Receipt of HRA (Declaration in Form No. 10 BA required)Form No.10BA + Receipts
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880U-Permanent Physical Disability (Normal Rs. 75000/- and Severe Rs.1,25,000/-)Certificate from medical authority.
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980TTA/80TTB- Deduction in respect of interest on deposit in saving accountsRelated documents
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10Others - (Please specify if any)
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Total Deductions 0
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FPREVIOUS EMPLOYMENT SALARY Salary Paid (in Rs.)TDS (in Rs.) Form 12 B from previous employer
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If Yes, please provide proof of income and TDS deducted thereon issued by previous employer
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I, do hereby declare that the proof of fresh investments will be submitted by ................................ Further, incase of any change in above declaration, I would revise it and inform the insitute immediately. I shall indemnify the institute for all cost and consequences if any information is found to be incorrect.
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Date:…………………………Signature of the employee/pensioner
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