Form No 12B PDF Details

The complexities of Form No. 12B might seem intimidating at first glance, but its purpose is straightforward and essential for both employers and employees navigating the nuances of income tax declarations in relation to employment income. This form acts as a documentation tool, detailing an employee's income and tax deductions for a financial year, which is critical information for any tax-related filings. Mandated under rule 26A, it encompasses the disclosure of particulars such as salary, allowances, and other perquisites defined under section 17, alongside deductions such as housing rent allowance and contributions to provident funds, reflecting their impact on the total tax liability. Moreover, it facilitates the transition of employees between jobs within a fiscal year, ensuring that their new employers can accurately account for tax deductions at the source based on the comprehensive income details provided. The annexure to the form further elaborates on the value of perquisites and other benefits, indicating its exhaustive approach to capturing all sources of an employee's income. This careful consolidation of financial information underscores the form's pivotal role in maintaining transparency and adherence to tax laws, thereby mitigating the risk of discrepancies in tax declarations.

QuestionAnswer
Form NameForm No 12B
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesform 12b pdf, form 12b download excel, form 12b download, form 12b download in excel

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FORM NO. 12B

[See rule 26A]

Form for furnishing details of income under section 192(2) for the year ending 31st March,

Name and address of the employee Permanent Account No. Residential status

 

 

 

 

 

Particulars of salary as defined in section 17, paid or

 

 

 

 

 

 

 

 

 

due to be paid to the employee during the year

 

 

 

 

 

 

 

 

 

 

Total amount of

 

 

Amount

 

 

 

 

 

 

 

 

house rent

 

 

 

 

 

 

 

 

 

 

Value of

 

deducted in

Total amount

 

 

 

 

 

 

Total amount

allowance,

 

 

 

 

 

 

 

perquisites and

 

respect of life

of tax

 

 

 

 

 

 

of salary

conveyance

 

 

 

 

 

 

 

amount of

 

insurance

deducted

 

 

 

TAN of the

Permanent

 

excluding

allowance and

 

 

 

Name and

 

accretion to

Total of

premium,

during the

 

S.

employer(s)

Account

Period of

amounts

other allowances

 

address of

employee's

columns 6,

provident fund

year

Remarks

No

as allotted by

Number of the

employment

required to

to the extent

employer(s)

provident fund

7, and 8

contribution,

(enclose

 

 

the ITO

employer(s)

 

be shown in

chargeable to

 

 

 

 

account (give

 

etc., to which

certificate

 

 

 

 

 

 

columns 7

tax[See section

 

 

 

 

 

 

 

details in the

 

sec. 80C

issued under

 

 

 

 

 

 

and 8

10(13A) read with

 

 

 

 

 

 

 

Annexure)

 

applies (Give

section 203)

 

 

 

 

 

 

 

rule 2A and

 

 

 

 

 

 

 

 

 

 

details)

 

 

 

 

 

 

 

 

section 10(14)]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

2

3

4

5

6

7

8

9

10

11

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature of the employee

With effect from 1-4-1991, section 80C has been replaced by section 88.

Verification

I,________, do hereby declare that what is stated above is true to the best of my knowledge and belief.

Verified today, the ________day of

Place

Signature of the employee

ANNEXURE

[See column 8 of Form No. 12B]

RUSHABH INFOSOFT LTD.

Particulars of value of perquisites and amount of accretion to employee's provident fund account

Name and address of the employee

 

 

 

 

 

 

Permanent Account No.

 

 

 

Period : Year ending 31st March,

 

 

 

 

 

 

 

 

 

 

Name of the

TAN/PAN of the

Value of rent-free accommodation or value of any concession in rent for the accommodation provided by the employer (give basis of computation)[See rules 3(a)

employee

employer

 

 

and 3(b)]

 

 

 

 

 

 

 

Where accommodation is furnished

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Where

Value as if

Cost of furniture (including

Perquisite value

Total of columns

Rent, if any,

Value of perquisite

 

 

accommodation is

accommodation is

television sets, radio sets,

of furniture (10%

4 and 6

paid by the

(column 3 minus

 

 

unfurnished

unfurnished

refrigerators, other household

of column 5) OR

 

employee

column 8 or column

 

 

 

 

appliances and air- conditioning

actual hire

 

 

7 minus column 8 as

 

 

 

 

plant or equipment) OR hire

charges payable

 

 

may be applicable)

 

 

 

 

charges, if hired from a third party

 

 

 

 

1

2

3

4

5

6

7

8

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNEXURE

 

 

 

 

 

 

 

 

(Contd.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated value of any

 

 

 

 

Whether any conveyance

 

 

other benefit or amenity

 

 

 

 

 

Value of free or

provided by the employer,

 

 

 

 

has been provided by the

 

 

Interest credited to

 

 

Remuneration

concessional

free of cost or at

 

 

 

employer free or at a

 

the assessee's

 

 

paid by employer

passages on

concessional rate not

 

 

 

concessional rate or

Employer's contribution to

account in

 

 

for domestic

home leave and

included in the preceding

 

 

where the employee is

recognised provident fund in

recognised provident

Total of columns 9 to

Name of the

and/or personal

other travelling to

columns (give details),

allowed the use of one or

excess of 10% of the

fund in excess of the

15 carried to column 8

employee

services provided

the extent

e.g., supply of gas,

more motor cars owned

employee's salary [See

rate fixed by the

of Form No. 12B

 

to the employee

chargeable to tax

electricity or water for

 

or hired by the employer,

Schedule IV - Part A]

Central Government

 

 

(give details) [See

(give details) [See

household consumption,

 

 

estimated value of

 

[See Schedule IV -

 

 

rule 3(g)]

rule 2B read with

free educational facilities,

 

 

 

perquisite (give details)

 

Part A]

 

 

 

section 10(5)(ii)]

transport for family,

 

 

 

[See

rule 3(c)]

 

 

 

 

 

 

 

etc.[See rules 3(d), 3(e)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and 3(f)]

 

 

 

1

 

10

11

12

13

14

15

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RUSHABH INFOSOFT LTD.

 

 

 

 

 

Estimated value of any

 

 

 

 

Whether any conveyance

 

 

other benefit or amenity

 

 

 

 

 

Value of free or

provided by the employer,

 

 

 

 

has been provided by the

 

 

Interest credited to

 

 

Remuneration

concessional

free of cost or at

 

 

 

employer free or at a

 

the assessee's

 

 

paid by employer

passages on

concessional rate not

 

 

 

concessional rate or

Employer's contribution to

account in

 

 

for domestic

home leave and

included in the preceding

 

 

where the employee is

recognised provident fund in

recognised provident

Total of columns 9 to

Name of the

and/or personal

other travelling to

columns (give details),

allowed the use of one or

excess of 10% of the

fund in excess of the

15 carried to column 8

employee

services provided

the extent

e.g., supply of gas,

more motor cars owned

employee's salary [See

rate fixed by the

of Form No. 12B

 

to the employee

chargeable to tax

electricity or water for

 

or hired by the employer,

Schedule IV - Part A]

Central Government

 

 

(give details) [See

(give details) [See

household consumption,

 

 

estimated value of

 

[See Schedule IV -

 

 

rule 3(g)]

rule 2B read with

free educational facilities,

 

 

 

perquisite (give details)

 

Part A]

 

 

 

section 10(5)(ii)]

transport for family,

 

 

 

[See

rule 3(c)]

 

 

 

 

 

 

 

etc.[See rules 3(d), 3(e)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and 3(f)]

 

 

 

1

 

10

11

12

13

14

15

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature of the employee

RUSHABH INFOSOFT LTD.

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