Guidelines for investment tax proofs in India (2023)

We have outlined the following guidelines to help you with the annual investment declaration process.

House Rent Allowance (HRA)

If your rent hasn’t changed between April 2022 and March 2023, please upload your June 2022 and December 2022 rent receipts that your landlord has signed.

• If you are uploading the rental agreement, you are not required to upload the rent receipts
• If you’re a new joiner, please upload any rent receipt you have
• Least/minimum of the following is exempt:
  • Actual amount of HRA received
  • Rent paid in excess of 10% of salary
  • 50% of salary if the rental property is located in Kolkata, Chennai, Mumbai, and Delhi or 40% of salary if the rental property is NOT located in Kolkata, Chennai, Mumbai, and Delhi.

Note: If you pay rent of more than Rs.8,333 per month, it is mandatory to upload the landlord’s PAN Copy. Here's a sample rent receipt.

Housing Loan Interest

Please upload the latest housing loan statement from a bank with clear breakdowns of the interest and the principal amount. In case of joint property, please fill attached.

Previous Employment Income

If you joined Remote after April 1, 2022, please upload a photocopy of the Certified Tax Computation issued by your previous employer (duly signed and sealed)

Note: Please upload all the investment proofs that you have submitted to your previous employer except the HRA. This is to ensure your tax is calculated accurately for income received from two organizations in the same financial year.

Future Payment Declaration

This benefit would be extended only on submission of the attached Future Payment Declaration form for any premiums falling due after the tax proof cutoff date. Also, upload the copy of the receipt paid in the last year for the above amounts (FY 2022-2023).

Note: New policy planned to take after the proof cut-off date will not be considered. Here's a sample declaration.

Gifts, Vouchers or Coupons

Gifts, vouchers, or coupons on ceremonial occasions that were gifted to the employee.

Gifts in kind up to Rs.5,000 in aggregate per annum would be exempt. If it exceeds, the entire amount would be taxable.