Form 12BB
Stub article on Form 12BB. A full encyclopedic entry is pending.
What this article will cover
A full salary-calculator article on Form 12BB will cover the employee’s declaration of deductions and exemptions to the Drawing and Disbursing Officer under Rule 26C of the Income-tax Rules, the four heads it covers, the evidence each requires, the timing within the financial year, the consequence of an unsubstantiated declaration, and Form 124 which replaces it under the Income-tax Act, 2025.