1. #1
    Unregistered

    What does it mean by IPSF (Invesment Proof Submission Form)? Why to submit this form in company?

    I am quite new to the corporate environment and there are many formalities are done where I have to carry out initially, I am very much confused of why we have to carry out the IPSF submission? Can you tell me what does it mean of Investment Proof Submission Form? Why to submit this form in company? Is it mandatory to submit this form?

  2. #2
    Sha Array
    Join Date
    Jul 2012
    Posts
    59

    Re: What does it mean by IPSF (Invesment Proof Submission Form)? Why to submit this form in company?

    Investment Proof Submission Form(IPSF)


    It is the form that will be given by the employer in the beginning of the financial year or at the time of joining.

    In that you have to fill details about your investment that you planned in that year.

    You have to submit the form before last month of the financial year i.e. March.

    Accounts Department of your company will deduct tax based on the information provided by you in that form.

    Any changes in the investment plan should be updated to your employer so that they can deduct tax based on that from your gross salary.

    Thank You.

  3. #3
    Arjun Array
    Join Date
    Jul 2012
    Location
    turaaa
    Posts
    1,729

    Re: What does it mean by IPSF (Invesment Proof Submission Form)? Why to submit this form in company?

    Dear, asker(I.P.S.F) investment proof submission form means you have to show the detail of investment which may help the bank to deduct taxable income from your salary. If you are thinking of the new investment than you should have to inform about this to your employer or to the bank. This is for only one reason that is tax. With thanks

  4. #4
    venki Array
    Join Date
    Jan 2013
    Posts
    344

    Re: What does it mean by IPSF (Invesment Proof Submission Form)? Why to submit this form in company?

    Hi friends,
    Hope you are in good health and good state of mind!
    It's always a treat and fun to answer your queries.
    I also appreciate the confidence that you have shown in us!

    1)IPSF means you have to show the detail of investment which may help the bank to deduct taxable income from you salary

    2)you have to submit the form before last month of the financial year that is march.

    3)Account Department of your company will deduct tax based on the information provided by you in that form






    all the best

    I hope I have answered all your doubts.
    It was a pleasure answering your queries.
    Hope that you'll come up with some more challenging queries!
    Till then,take care.
    Bye!

+ Reply to Thread

Similar Threads

  1. Replies: 9
    Last Post: 24-11-2012, 06:04 PM
  2. Can a previous employee of the company asks for Form No.16 to the employer?
    By Unregistered in forum Professional Discussions
    Replies: 3
    Last Post: 31-10-2012, 10:37 AM
  3. How to file an ITR? What is form 16 and 16A and how to get them?
    By Unregistered in forum Professional Discussions
    Replies: 20
    Last Post: 23-08-2012, 10:57 PM
  4. Designing feedback form for Soft Skills Workshop?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 13-08-2012, 11:01 AM
  5. Details of Annual Increment Policy and importance of Appraisal form?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 10-08-2012, 01:13 PM