Deduction of Income Tax for the FY 2021-22: Form No. 12BB Statement showing particulars of claims for deduction
Principal Controller of Defence Accounts (Central Command)
Cariappa Road, Lucknow Cantt. – 226002
(Through website/email)
No: AN/IV/Pay/Circular/2020-21
Dated 2nd March 2021
To
The Officer-in-charge
All Sections Main Office
All Sub Offices under the PCDA (CC) Lucknow
Sub: Deduction of Income Tax for the FY 2021-22.
***
Option for Calculation of Income Tax under Old Tax Regime or New Tax Regime: Clarification by PCDA – Message No. 04/2021
As per Section 192 of Income Tax Act – ‘Any salary disbursing authority shall, at the time of Payment, deduct income tax on the amount payable at the average rate of Income Tax computed on the basis of the rates of Tax in force or the financial year in which payment is made, on the estimated income of the assessee under this Head for the Financial Year.’
On account of aforesaid provisions and in order to avoid last hour rush at the end of the Financial Year, it is directed that the Income Tax in the FY 2021-22 may be deducted following manner …
i) Income Tax deduction will be started in the Pay bill of the month of 03/2021 based on 1/12 of the Tax liability of the previous year i.e. 2020-21 considering saving as per previous year. However IT deducted from arrears due to Pay Fixation/MACP/NFU can be excluded from said assessment.
ii) During the financial year 2021-22, if any arrear of pay will be paid, IT will be deducted as per slab of the officer/Individual at the time of payment.
View: TDS and Tax on Salary Section 192 FY 2020-21 AY 2021-22 – Income Tax Circular No. 20/2020
iii) The deduction of Income Tax from RPB may be changed at any time as per request of the Officer/individual but only upon receipt of valid proof of saving documents.
iv) Proof of saving during current financial year may be collected along with Form 12BB, Annexure-IIA by concerned sub office/Sections of Main office and forwarded to this section/office with covering letter on fortnightly basis (i.e. 5th and 20th of every month) required. The same can also be forwarded through official e-mail ID and will be accepted.
v) Final calculation of Income Tax of FY 2021-22 will be done by this section in the month of November -2021 and accordingly Income Tax deduction will be changed as per Income Tax Liability actual showing in Pay Slip of this Financial Year.
PCDA has seen.
Encls: Form -12BB, Annexure-llA
-SA-
Accounts Officer
AN-IV
Annexure IIA
FORM NO.12BB
(See rule 26C)
Statement showing particulars of claims by an employee for deduction of tax under section 192
| 1. | Name and address of the employee: | |||
| 2. | Permanent Account Number or Aadhaar number of the employee: | |||
| 3. | Financial year: | |||
| Details of claims and evidence thereof | ||||
| Sl. No. | Nature of Claim | Amount (Rs.) |
Evidence/ particulars | |
| (1) | (2) | (3) | (4) | |
| 1. | House Rent Allowance | |||
| (i) Rent paid to the landlord | ||||
| (ii) Name of the landlord | ||||
| (iii) Address of the landlord | ||||
| (iv) Permanent Account Number or Aadhaar number, as the case may be, of the landlord | ||||
| Note: Permanent Account Number or Aadhaar number, shall be furnished if the aggregate rent paid during the previous year exceeds one lakh rupees | ||||
| 2 | Leave Travel concessions or assistance | |||
| 3 | Deduction of interest on borrowing | |||
| Interest payable/paid to the lender | ||||
| Name of the lender | ||||
| Permanent Account Number or Aadhaar number of the lender | ||||
| (a) Financial Institutions (if available) | ||||
| (b) Employer if available | ||||
| (c) Others | ||||
| 4 | Deduction under Chapter VI-A | |||
| (A) Section 80C, 80CCC and 80CCD | ||||
| (i) Section 80C | ||||
| (a) | ……… | |||
| (b) | ……… | |||
| (c) | ……… | |||
| (d) | ……… | |||
| (e) | ……… | |||
| (f) | ……… | |||
| (g) | ……… | |||
| (h) | ……… | |||
| (ii) Section 80CCC | ||||
| (iii) Section 80CCD | ||||
| (B) Other sections (e.g. 80E, 80G, 80TTA. etc.) under Chapter VI-A | ||||
| (i) Section ……………. | ||||
| (ii) Section ……………. | ||||
| (iii) Section ……………. | ||||
| (iv) Section ……………. | ||||
| (v) Section ……………. | ||||
| Verification | ||||
| I …………….. son/daughter of ………………… do hereby certify that the information given above is complete and correct. | ||||
| Place …………… | ||||
| Date ……………. | (Signature of the employee) | |||
| Designation …………. | Full Name | |||
Source: http://pcdacc.gov.in/download/circularsnew/it_fy_2020-21_0001.pdf
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