a home loan (including registration fees and stamp duty), scheduled banks FDs for 5 years or more and school/college tuitions fees of two children. The proof of each payment has to be submitted.
Income other than salary can also be declared. If you have another income, advance tax needs to be discharged thereon. If you cannot remember the deadline, declare the other income to the employer and avoid separate payment of advance taxes and interest (if you miss advance tax deadlines).
Changed your job during the year? Do not forget to communicate your salary and TDS details from the past employer. Or, your finance department may inadvertently calculate taxes, giving you the benefit of slabs. This may result in a tax liability.
Also, you may have to submit bills for medical expenses and telephone and internet usage, which are reimbursable by the employer. Non-submissions of such bills will result greater taxability. However, the deadline for submission may vary across employers.
The writer is senior tax professional, EY.
Views expressed are personal