BUREAU OF INDIAN STANDARDS (Finance Department) CIRCULAR. Our Ref: FIN/2:37 28 July 2014

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1 BUREAU OF INDIAN STANDARDS (Finance Department) CIRCULAR Our Ref: FIN/2:37 28 July 2014 Subject: Particulars for the purpose of Income Tax Calculations for the year In order to finalize calculation of Income Tax to be deducted from the salary/pension for the financial year , all employees/pensioners/family pensioners of BIS, are requested to furnish the particulars of their savings in the prescribed Proforma (F 1 48: for serving employees of BIS and F 1 48A: for pensioners/family pensioners of BIS). The said form along with documentary proofs in support of the investment made, is to be sent to Finance Department by 20 August 2014 positively. If the documentary proofs in support of the investment made, are not attached with the Form 48/Form 48A, no deduction on account of that investments will be allowed and consequently refund of tax is to be claimed by the concerned employee/pensioner/family pensioner from Income Tax Department. (Gurpreet Singh) Deputy Director (Admn. & Finance) Circulated to all Departments at Headquarter/Regional Offices/ Branch Offices/T&Cs/NITS All Pensioners/family pensioners of BIS

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3 BUREAU OF INDIAN STANDARDS DETAILS OF SAVINGS FI 48 Ref: FIN/2:37 Employee No. Name: Dr./Shri./Smt./Km. of Birth. Dept./Section Certification Enforcement and Consumer Affairs Management System Certification Hallmarking T&C Training Institute Administration Finance and Other Common Services Financial Year 20 to 20 Designation of Joining Hqrs/RO/BO/IO/Lab/TI Head Quarters Regional Office Branch Office T&C Training Institute IO Standard Formulation, Sales and Distribution Place of Posting Permanent A/c No. 1. Self Occupied (a) Address of the Premises Rental Accommodation (a) Address of the Premises (b) Whether any loan has been taken? (b) Amount of the Rent Payable every month? Yes No Rent Payable (excluding any charges) ` (c) If yes, from BIS Other than BIS (d) If Other than BIS, please specify the Bank and the Principal and Interest to be payable in the Financial Year Principal Amount ` (c) PAN Card No of the Landlord is mandatory for Rent more than ` 8,300/- per month If the Landloard does not have PAN Card then take the undertaking the format as enclosed as Annex I Interest Amount ` (e) Whether any loan has taken on. Single Joint Name (f) If Joint name that specify the percentage of the claim of the rebate under section 24(1)

4 2. Any other income in the form of fees, honorarium, etc. received or expected to be received during the above period with details. 3. For those who joined BIS after 01 March of current financial year only. Earning from previous employment for above period: Gross Salary Exemption Amount Taxable Salary Tax Deduction PF Contribution 4. Particulars of savings qualifying u/s 80-C of the Income Tax Act i. Any sum paid by an individual as Life insurance premium on life of himself, spouse and children or paid by an HUF for any member of his family. (However premium paid in excess of 20% of the capital sum assured shall be ignored.) ii. Contribution to statutory provident fund or recognized provident fund iii. Contribution to superannuation fund iv. Contribution/subscription to PPF, NSC, NSS, ULIP, ELSS v. Fixed Deposit with any schedule bank for at least 5 years vi. vii. Payment of tuition fees (excluding development fees or donation etc) for maximum two children for full time education to university, college, school or other educational institution situated in India. Repayment of principal amount of loan taken for purchase/construction of residential house property from Central/State Govt, Bank, LIC, National Housing Bank or from employer( where employer is statutory corporation, public company, university, college, or local authority or co-operative society) viii. Amount invested in deposit scheme of public company engaged in infrastructure facility ix. Any sum deposited in an account under the Senior Citizens Saving Scheme. x. Any sum deposited as five years time deposit in an account under the Post Office Time 5. Particulars of deduction qualifying u/s 80-D of the Income Tax Act Medical Insurance Premium & Contribution to CGHS Scheme (Premium directly paid by employee through Cheque/ Credit Card Only) 6. Particulars of deduction qualifying u/s 80-DD of the Income Tax Act Expenditure on Medical Treatment of a dependant being a person with disability (Maximum Eligibility ` 50,000/-, in case of severe disability max eligibility ` 1,00,000/-) 7. Particulars of deduction qualifying u/s 80-E of the Income Tax Act Payment/ Instalment of loan taken from any Financial Institution for Pursuing Higher Education. (8 Years from the year of loan taken or till the completion of the period of loan whichever is earlier ) FY of Loan Taken 8. Particulars of deduction qualifying u/s 80-U of the Income Tax Act (Max Eligibility ` 50,000/-, in case of severe disability max eligibility of ` 1,00,000/- ) Deduction for permanent physically disability I. I hereby declare that the above information are true and correct to the best of my knowledge and belief. I also undertake that the copy of Investments /documents will be handed over by me to the Finance Department at Head Quarter. i. For Investments already made till date- along with this Declaration Form ii. For proposed investments to be made at future date- on or before 31 st January, failing which T.D.S. shall be deducted accordingly. II. I further undertake, that in case some interest or other liability arises on Bureau of Institute due to my default the same may be devolved upon me. Signature

5 Annex I FORMAT OF DECLARATION FOR NOT HAVING PERMANENT ACCOUNT NUMBER To DECLARATION I (Full Name and address of the declarant) aged do hereby declare that I have leased that Flat No.. From 1 st March, 20 to February, 20 to (Name of the Lessor) at a monthly rent of ` /- (` only). Further I do hereby declare that my total income during the previous financial year did not exceed the statutory limit prescribed under the Income Tax Act, 1962 and have not assessed to tax and does not have a PAN Card. Verification I do hereby declare that what is stated above is true to the best of my knowledge and the belief. Place Name of the Declarant