"Great things never come from comfort zone"           "Wealthy people invest first and spend what’s left and broke people spend first and invest what’s left"           "Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future"           "The secret to getting ahead is getting started.................Start using your Savings to Earn Money"           "The best gift, and investment, you can give your child is your time"           "Investing in your child’s education is never a wasted effort"           "Making money and handling money are both different things"

Answers 

What is form 12BB?

Total Answers 1

Answer by: VISHAL BANSAL

Form 12BB, every employee has to submit self-declaration to his employer at the starting month of the year say for the financial year 2017-18, they have to submit their declaration during the month of April 2017, in which an employee gives estimated figures to claim their investments, house rent paid, interest on home loan, leave travel allowances etc. to his employers. after submitting the declaration, the employer calculates his estimated taxable salary after allowing deduction and their savings, TDS will be deducted every month from his salary. At the end of the year, the employee should submit form 12BB along with their proofs, against the declaration previously made by him. The proof amount can be lower or higher from the declaration given by employee


Share your answer Make sure to Login befor submitting an answer

© 2024 - EnSkyAR Financial Services