i am working in bank from the past 2 months where my current employer is asking me medical bills to get tax exemption. but if u dont submit then i have to personally file my returns to get that exemption. i didnt have time to file my returns. also somebody told me that ur current employer will file ur complete returns as per the information they have. so for that u need to get salary certificate frm my previous employer(or any other certificate i dont know.. plz tell me that too). in addition to tht certificate all my income frm other sources(if any) and all investments made in the current year(whether in mf or insurance premium).... if all this is correct then do i need to submit all this information with proof like receipts or only informing on a paper will do??
From India, Mumbai
From India, Mumbai
Hi Aashish,
Let me try to answer your query although your comments does not make clear what you want to answer.
Any exemption seeked from employer, the supporting documents needs to be submitted to the payroll officer and he after verification will grant the exemption as in the case of medical reimbursement.
IF the documents can not be submitted to the employer, he will not grant the exemption and the option avaialbe to the employee is to claim the same while filing his/ her return and attaching the supports therein.
The filing of return by employer is an optional scheme as per my knowledge and the final responsibility for filing return lies with the employee.
The investments qualifiying for tax exemptions need to be disclosed to the employer and also the proof for the same to be given ( photocopies)
Other income can also be declared to the employer with a request to consider the same, while calculating TDS on salary to take care of taxation on other income, or
alternatively you can do the same, while filing your return.
I hope this will satisfy your query.
Thanks
Pankaj Patodi
From India, New Delhi
3Let me try to answer your query although your comments does not make clear what you want to answer.
Any exemption seeked from employer, the supporting documents needs to be submitted to the payroll officer and he after verification will grant the exemption as in the case of medical reimbursement.
IF the documents can not be submitted to the employer, he will not grant the exemption and the option avaialbe to the employee is to claim the same while filing his/ her return and attaching the supports therein.
The filing of return by employer is an optional scheme as per my knowledge and the final responsibility for filing return lies with the employee.
The investments qualifiying for tax exemptions need to be disclosed to the employer and also the proof for the same to be given ( photocopies)
Other income can also be declared to the employer with a request to consider the same, while calculating TDS on salary to take care of taxation on other income, or
alternatively you can do the same, while filing your return.
I hope this will satisfy your query.
Thanks
Pankaj Patodi
From India, New Delhi
Tax Return Preparer (TRP)Mumbai. E-filing Income tax Return,E-file help,E-pymt tax,Manual filing
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From India
GOVERNMENT'S SCHEME for 2010 INCOME TAX RETURNS Filing, Season Launched. Call: 09819540939, 022-28708005. No Confusing Plans, No Variable Charges. At Just Rs. 250, We file your Returns for You and Give you your Acknowlegement NO MATTER WHERE YOU ARE LOCATED. That's it. You only need to do one one thing, Sit Back and Relax. We bet you will NEVER want to leave us. Call us and SEE THE DIFFERENCE. WE are the ONLY PEOPLE OFFERING DOORSTEP FACILITY - SEND US A REQUEST.Email:
Visit: Tax Return Preparer (TRP)Mumbai. E-filing Income tax Return,E-file help,E-pymt tax,Manual filing
From India
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