Don’t Let Higher Tax Shrink Your Salary
Every year, many salaried professionals lose a part of their hard-earned income simply because they miss submitting investment proofs on-time.
Under the new payroll compliance rules for FY 2025–26, Companies must strictly verify all tax-saving investments and proofs.
If you miss the January 30, 2026 deadline, your employer will recalculate TDS (Tax Deducted at Source) for the last quarter — leading to higher deductions from your January, February, March salary.
🧾 What’s New This Financial Year
To prevent false or incomplete claims, the Income Tax Department has made document precision mandatory.
You must now provide:
- Policy number or folio ID for every investment
- Account or certificate number
- Self-attested copies matching your name and PAN
So simply saying “I invested in LIC/ELSS/PPF” will no longer qualify.
📁 Common Proofs Required by Employers
| Deduction Type | What to Submit |
| 🏠 HRA (House Rent Allowance) | Notarized Rent agreement, receipts, landlord PAN (if rent > ₹1L/year) |
| ✈️ LTA (Leave Travel Allowance) | Boarding passes + invoices in employee’s name |
| 💰 Section 80C | PPF, ELSS, LIC receipts, tuition fee (max 2 children) |
| 🏥 Section 80D | Health insurance + preventive health check-up bills |
| 💼 Section 80CCD (NPS) | Contribution proof + PRAN number |
| 🏦 Section 24(b) | Home loan interest certificate from bank |
| ❤️ Section 80G | Donation receipts + Form 10BE from registered NGO |
| 📡 Miscellaneous | Internet, fuel, or mobile bills under employer’s flexi plan |
💡 Smart Tax-Saving Options Most People Miss
Even experienced professionals often miss some genuine, legal tax-saving opportunities.
Here are a few that make a big difference:
- 💊 Health & Dependent Care (80D): Medical insurance for parents or preventive check-ups.
- 💰 Additional NPS Deduction (80CCD 1B): Claim ₹50,000 beyond Section 80C.
- 🏠 Home Loan Benefits (24b): Interest deduction up to ₹2 lakh per year.
- ❤️ Donations (80G): Claim valid donations with proper Form 10BE.
- 🧾 Flexi Benefits: Meal cards, broadband, driver allowance — often underused.
📊 Example: How Proofs Affect TDS
Let’s say your annual salary is ₹17 lakh and you declared the following investments:
- ₹1.5 L under 80C
- ₹75 K under 80D
- ₹50 K under 80CCD
- ₹1 L under 80G
- ₹2.5 L under education loan interest
- ₹70 K under LTA
If all proofs are submitted correctly:
✅ Tax Payable: ₹1,18,560 under the old regime
If proofs are missing or invalid:
❌ Tax Payable: ₹3,19,800 under the old regime
❌ Extra Deduction: ₹2,01,240 deducted between Jan to Mar 2026
📘 Important Forms to Remember
- Form 12BB: Declare your investments, home loan interest, and HRA details to your employer.
- Form 12BAA: Report TDS/TCS on non-salary income to prevent over-deduction.
👉 You can generate these easily at Team IN Filings / 12bb
💼 Why Choose Team IN Filings
At Team IN Filings, we help employees, professionals and business owners:
✅ Verify all investment proofs under 80C, 80D, 80CCD, 80G, 24(b)
✅ File accurate TDS returns and generate compliant Form 16
✅ Prepare valid Form 10BE for donation claims
✅ Optimize tax savings under both old and new regimes
✅ Advise on flexi benefits and medical exemptions for employees
Even if you’ve opted for the new tax regime, you can still claim valid deductions during ITR filing — provided you maintain proper documentation.
🧠 Interesting Facts About TDS in India
💡 Fact 1:
Your TDS is calculated every month based on your yearly income projection. When proofs are missing, your Company assumes zero deductions and increases TDS instantly.
💡 Fact 2:
Once payroll for January to March is processed, you can’t switch tax regimes — the deduction stands until ITR filing.
💡 Fact 3:
Even if excess TDS is deducted, you can apply a refund at the time of tax-filing (ITR), but your cash flow for three months will already be impacted.
💡 Fact 4:
Submitting proper proofs and verifying PAN, policy, and PRAN details can improve your Form 16 accuracy, helping you avoid later income tax scrutiny.
📞 Connect With Us
📧 Email: support@teamindia.co.in
🌐 Website: www.TeamIndia.co.in
📍 Office: Team IN Filings, Sahakarnagar, Bangalore
☎️ Helpline: +91-7892256853
Don’t wait until the payroll rush.
Submit your investment and savings proofs early, plan smartly, and let our experts help you save more this financial year!
🏷️ Primary
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Tds Sections, Documents:
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🧭 IT Proofs
Submit Investment Proofs FY 2025–26 | Avoid Higher TDS | Team IN Filings Bangalore
🧾Dont Loose take home
Don’t lose your take-home pay! Submit your investment proofs before Jan 20, 2026. Learn how TDS works and discover legal tax-saving options under 80C, 80D, and 80G. Expert help from Team IN Filings.
