TDS News: Know why it is important to fill the investment proof How can your TDS be saved?

As tax saving proof, you have to submit proof of where you have invested keeping in mind the exemption available under Income Tax.

That time of year has come when you have to give proof of tax saving. Investment proof is very important. On the basis of this, it will be decided that your salary will come down or will come next month. Actually, if you have not deposited tax saving proof, then your salary income tax (TDS) will be deducted and sent to your account.

As a tax saving proof, you have to submit the proof of where you have invested, keeping in mind the exemption available under Income Tax. By filling a form, you tell us where you have invested last year. . Let us know from experts that what you have to pay as income tax proof.

Investment proof, know everything (Investment proof, know everything)

Taxbuddy.com founder Sujit Bangar and tax expert Raj Chawla said that first of all the employee has to give the investment proof that we are investing in this way. So that their tax savings can be done so that the employer should reduce his TDS. For this, investment proof has to be given first. In fact, investment proof has to be submitted in the last month of the Financial Year.

Even after ID proof, loan of 10 thousand will be available, government changed the rules

In most places, you have to fill it in January. Tax Savings Instrument has to be given. Along with the information, proof can also be submitted. Investment proof is directly connected to TDS. At the same time your TDS will be deducted based on your proof. Not giving proof at the same time affects TEM home salary.

What to submit

One can submit the documents of investment made under Section 80C of Income Tax. Because 80C gets tax rebate of up to 1.5 lakh rupees.

What is investment proof

-Life Insurance Policy Receipt of Premium -Proof of ULIP Premium
-Proof of Investment in Equity Linked Savings Scheme (ELSS)
-Rashid of Investment in PPF
-National Saving Certificate (NSC)
-Repayment on Principal of Home Loan -Two
Children Tuition fees up to –
Tax saving fixed
deposit amount – Contribution to
NPS – Investment in Sukanya Samriddhi Yojana –
Discount on health insurance premium

Investment proof submission

Investment proof is directly connected to the tax deduction at source (TDS). This applies to the remaining 3 months of the financial year.

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