&lF'

t&eiEdffdc

Corporate

Ref: HQ/PayrolllTax

Fi

Saving/Circular

nance-Payroll Section
1.4th Dec 201-5

Subject: Submission of Actual'Proof of lnvestments and Dectaration of Other Income for the
Financial Year 2015-15.
1.

Section 192 of lncome Tax Act ("Act") read with Circular issued by CBDT stipulate that every
employer is required to deduct TDS on salary income & other income (if declared by the
employee) based on the estimated annual income after considering deduction/rebates as
admissible under the law and after considering declaration of investments/savings made by such
employee(s) to the employer, failure of which penalty shall be levied under the lncome Tax Act
on employer.

2.

Since the ending of F.Y 2015-16 is fast approaching, keeping in view the above provisions of law,
all employees are requested to fill the details of Actual /Final savings online in ESS (SAP) and also

send their duly filled enclosed format after attaching the documentary proofs to respective Head
of Finance of their Field Units who in turn will submit it to Payroll section, Corporate Office latest
by 15th January 2016.
3.

4.

of Finance of each Field units will be the Nodal officers for their respective Field
units and responsible for checking & collecting the Savings /other Income details along
with Proof from all the Employees of their units. They have to submit these forms along
with documentary proofs to Payroll Section latest by 15th Januarv 2016
Head

Employees who are posted at corporate office are requested to furnish the details of Actual/Final

the enclosed format along with documentary proofs, after applying

directly to Payroll section, Corporate Office latest by 15th Januarv 2015.
savings in

it inline also,

5.

The benefit of accrued interest on House Building Advance will be available only after receipt of
provisional certificate from lending organization/financial institution/respective parent
departments and completion certificate/possession certificate of such house in respect of which
such interest has been paid. The benefit already allowed as per the declaration submitted by all
employees of DFCCIL will be withdrawn if the above provisional certificates are not received in
Payroll Section bv 15th JAN 2016 and tax will be deducted from the final salary.

6.

The income declared under the head "Other lncome" shall not be verified and the same
shall be included in the Gross Total lncome of the employee based on declaration made

by such employee. Therefore, employees are requested to declare their income under
the head "Other income" on which they want to deduct tax and submit alongwith copy
of Form 2645 as proof of tax deducted by other deductors.
7.

ln the case of HRA receipts, if the rent payments exceed Rs.1,00,000 P.A., PAN of the Land Lord
is required as per Circular No. t7l2OL4 dt.10112/2014 issued by CBDT. ln case the landlord does
not have a PAN, a declaration to this effect from the landlord along with the name and address of
the landlord should be submitted by the concerned employee to the respective finance division
to get the HRA exemption. The H RA receipts and receipts for tuition fees under Sec 80C of the Act
need to be furnished for April'2015 & Decembe!,1P91S,

ffi

,ry:

g$i,?s hz tni{B{

8.

As per Act, only one property can be treated as self-occupied property and more than one
property shall be treated as deemed to be let out and a computation to that effect should be
submitted by the respective employee.

9.

ln the case of the deductions made through salary like EPF, VPF, EPS etc. declaration by the
employees concerned is not required as the same is being considered automatically.

10. Employees who are getting

the amount on account of TADK & CTA reimbursements during the

FIY 20L5-LG should also submit the undertaking as annexed at "8" along with magazine
expenditure bills for incurring expenditure on account of Magazine. Non submission of
undertaking or utilization certificate from the employee will attract the tax Iiability as per the
provisions of lncome Tax Act.
is must for all employees. The declaration Form will not be entertained in the
absence of non-furnishing of PAN.

11. PAN number

12. Salary for the month of Feb, 2016 will be processed based on the actual savings declaration
submitted by each employees. ln case of non-receipt of actual saving declaration along with
documentary proof, the salary for the month of Feb, 2016 will be processed without considering
the provisional declaration earlier submitted by employee and tax will be charged accordingly.
13. The Nodal officer for collecting the Actual/final saving Declaration along with documentary proofs

or for any clarification/assistance, our designated officers

Sh.Sanjay Kr Sharma, AM/F-ll at

'sksharma@dfcc.co' or to Sh.Anil Kr.Jha at akjha@dfcc.co.in be contacted.

This issues with the approval of Competent Authority.

Gupta)
Jt. General Manager (F)

Distribution:
Heads of Finance of all Locations.
Encl: Form of saving declaration.

Certificate for TADK & CTA.