CBDT has recently notified new form 12BB to claim a tax deduction on LTA (Leave Travel Allowance), HRA (House Rent Allowance) and Interest paid on home loans. As per new rules, you need to submit your proof of travel in new form 12BB for claiming LTA benefits. In addition to this, you need to furnish detail of HRA and deduction of interest borrowing in the same form. This new notification is applicable from 1st June 2016. Earlier also employers were taking a declaration from an employee. However, there was no standard format for the same. Introduction for this new form will standardize the process.
Download New Form 12BB for LTA, HRA & Interest Deduction
Download Form 12BB in Word FormatDownload Form 12BB in Excel Format
How to fill up New Form 12BB?
You need to first furnish your name, address, PAN card number and financial year in the form 12BB. After furnishing this information you need to go to the respective section and fill out information.
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