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    What exactly is Form 12BB?

    Answered 25-Nov-2022

    Form No. 12BB must be sent by an employee to his employer in order to estimate his income or calculate the tax deduction at source.

    In order to estimate his income or determine the tax deduction at source, an assessee must submit evidence or specifics of claims, such as House Rent Allowance, Leave Travel Concession, Interest Deduction Under the Head "Income from House Property," and Deductions Under Chapter-VIA, in Form No. 12BB.

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