Generate Form 12BAA

Form 12BAA is an income-tax statement that allows salaried employees to declare non salary income such as dividends, FDs and any Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) already paid.

You need to submit this form to your employer so they can accurately adjust your monthly TDS, preventing over deduction and increasing take home pay.

Prerequisite Information

The following information is required before generating the Form 12BAA:

• TDS on Other Income: Details of tax deducted from interest income, dividends, or commissions (including the deductor's TAN and the amount of tax deducted)
• TCS on Expenses: Details of taxes collected at source during major transactions, such as buying a luxury vehicle or making overseas remittances
• House Property Losses: Any losses incurred in Income from House Property Example: loss on a housing loan

Here's how you can generate the Form 12BAA:

Navigation: My Client GroupsPayrollSubmit a Flow

1. Select the legislative data group and the flow Run India Form12BAA
2. In Payroll Flow, enter the name for the Form 12BAA report to be generated.
3. Select the Tax Reporting Unit from the list of values.
4. Select the Financial Year.
5. Select the Process Configuration Group.
6. Select the Person ID.
7. Submit the flow Run India Form12BAA to generate the Form 12BAA report in a PDF file format.