Tax planning
Employee claims to employer, Form 124 (earlier Form 12BB)
- Form 124 tells your employer which exemptions and deductions to allow before it cuts tax from your salary.
- Deadline: No statutory date. Submit before the employer's proof cut-off (usually between January and March) so the last months' TDS is right; earlier is better.
- Done in 1 working day after documents
- Prepared by your Savvy, checked by a CA
- Rent agreement
- Old or new regime this year?
- Confirm regime with the employer for the year
- Completed Form 124 with annexures
Employee claims to employer, Form 124…
No statutory date. Submit before…
- IWhat we need from you8 documents
- DQuestions for you5 questions
- FForms5 steps
- DWhat you getCompleted Form 124 with…
Answer in brief
Form 124 tells your employer which exemptions and deductions to allow before it cuts tax from your salary. We check your rent, travel, loan and investment papers, fill the form and its annexures, and make sure your TDS matches what you will claim in your return.
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From the official sources
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How we solve it: 4 steps
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Step 1 of 4 · What we need from you
Tap each one you already have
- Rent agreement
- Rent receipts or bank proof
- Landlord name, address, PAN
- Relationship with landlord
- LTA tickets and travel proofOptional
- Home loan agreement and interest certificateOptional
- Investment and premium proofsOptional
- Regime intimated to employer
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Answers on this topic
- NPS Tier 1: 80CCD(1B) ₹50K Extra + Sec 124 (old 80CCD(2)) EmployerNPS gives you TWO deductions unavailable from any other source: ₹50K extra over the Sec 123, Income-tax Act 2025 (old Sec 80C) limit via 80CCD(1B), and employer contri…
- Section 124 (old 80CCD(2)): Employer NPS Contribution (Both Regimes)The only deduction available in BOTH old and new tax regime. Employer contributes to your NPS on your behalf. You pay zero, and get a ₹45,000–₹1.05L annual deduction.…
- Form 130 (old Form 16): Part A and Part B DecodedForm 130 (old Form 16) is the salary TDS certificate, the most important document for a salaried person's ITR. Most employees receive it but don't know how to use it.…
- TDS on Salary: Section 392 (old 192)The most voluminous TDS in India, every employer deducts on estimated annual salary. Most errors in TDS happen here: wrong regime, missed deductions, dual employment.
- Old vs New Tax Regime: SelectionThe single biggest tax decision every year. Wrong selection costs ₹20,000-80,000 annually for most salaried individuals.
Pay and start
₹999
₹999 + ₹179.82 GST = ₹1,178.82
Yearly, updated when claims change. Delivered in 1 working day after documents. Due: No statutory date. Submit before the employer's proof cut-off (usually between January and March) so the last months' TDS is right; earlier is better.
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