❓ FAQ

Frequently Asked Questions - Form 12BB

• Q: What is Form 12BB?
  A: It’s a declaration form submitted by salaried employees to claim tax deductions under HRA, 80C, 80D, LTC, etc.
• Q: Do I need landlord PAN for HRA?
  A: Yes, if the annual rent paid exceeds ₹1,00,000.
• Q: Can I include multiple 80C investments?
  A: Yes, Form 12BB allows you to list multiple deductions under Section 80C.
• Q: Is Form 12BB submitted to the Income Tax Department?
  A: No, it's submitted to your employer for TDS calculations.
• Q: Is LTC taxable?
  A: LTC is exempt only if conditions are met under the Income Tax Act.