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IBM India Pvt Ltd Income Tax Declaration & Tax Exemption Process

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Presentation on theme: "IBM India Pvt Ltd Income Tax Declaration & Tax Exemption Process"— Presentation transcript:

1 IBM India Pvt Ltd Income Tax Declaration & Tax Exemption Process
Online submission process

2 Steps to submit your Flexible Benefit Plan Claims Online
Keep the soft/scanned copies of all the proofs ready. Ensure the proofs are clear and visible without any password protection. Keep the soft copies of all proofs/investment basis each head only in PDF/JPG/GIF formats. Ensure that Size of the file does not exceed 4 MB. Do NOT send hard copies of proofs/investments via courier or soft copies by . After verification submit the claim for further verification by FBP team. After the submission is complete, a mail acknowledging the successful submission will be triggered to your Lotus Notes. And subsequently followed by FBP verification mail.

3 IT Proof Submission Query Support and help desk details
Employee If any questions on IT Proof Submission… Income Tax Proof/India/Contr/IBM or

4 Income Tax Savings/Investment Declaration
Click on the Link to Declare your Income Tax Savings/Investments

5 How to add a new Declaration
Click Here to Add new Declaration Click Here to Declare your Car Details Note : The Car Tab would be visible if you are eligible for Vehicle Maintenance

6 Declare Car details Enter details as per your Car holding details. Save & Submit the details

7 Declare HRA Details Enter details as per your House Rent Details. Save the details Tab wise

8 Declare Housing Loan Interest, Income From House Property and Other Income
Enter details of Housing Loan Interest, Income from House property and Other Income and Save Note : Income from Other Sources would be taxed at the Highest Rate of Tax.

9 Declare 80 Deductions Enter the Details like 80CCG, 80D, 80DDB, 80U, 80DD, 80TTA, 80EE, 80CCC and 80CCD(1B) – National Pension Scheme in this Tab.

10 Declare 80 C Contributions
Enter the 80 C Contributions like Life Insurance Premium, Fixed Deposits, ULIP, Mutual Funds, PPF, Housing Loan Principal, Tuition Fees, Sukanya Samridhi etc Save Each Tab Details. Click on Preview and Submit after saving all Tabs.

11 Preview of Details The Submitted details would be available in the preview Select the declaration and Press Submit

12 Work Item History Click on the Work Item History to view the submitted claims Click on View to view Submitted details.

13 Flexible Benefit Package Claims
Leave Travel Allowance Claims Click on the Flexible Benefit Package Claim

14 Flexible Benefit Package Claims
Enter the Leave Travel Details, upload the file and Save the claim Click on Yes and Add claim You may Delete the line item if wrongly submitted You can Edit the submitted details before Preview and Submit

15 Flexible Benefit Package Claims
Fuel & Maintenance Claim Click on Yes and Add claim Enter the Expense of fuel and Maintenance, upload the file and Save the claim

16 Flexible Benefit Package Claims
Driver Salary Claim Click on Yes and Add claim Enter the Driver Salary Details, upload the file and Save the claim

17 Flexible Benefit Package Claims
Road Tax and Accessories Claim Click on Yes and Add claim Enter the Road Tax & Accessories Details, upload the file and Save the claim Note : This claim would be visible only if the employee has opted for Company Leased Car

18 Flexible Benefit Package Claims
Preview the details submitted and Submit the claim Agree to the Disclaimer and Submit the claim

19 Flexible Benefit Package Claims
The status of the claim would be displayed The details of your Claim would be visible in Work Item History

20 INCOME TAX PROOF (SEPARATED EMPLOYEES0
The link to Income Tax proof for separated employees would be available before 30 days from the date of separation Click on the link to submit your Income Tax Proof

21 HR T&O THANK YOU


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