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Why submit investment proofs to your employer?

Why submit investment proofs to your employer?

Monday, March 27, 2017, 4:55 PM

You have to submit “Income Tax Declaration” to your employer, at the time of joining the Company or the beginning of financial year. This is nothing but provisional statement, where you give details of your proposed investments and expenses which are tax deductible. Depending on your proposed investments and expenses, your employer deducts TDS from your salary each month and deposits with tax department.
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