Need PAN of your bank to avail home loan benefit?
Updated : Jul 19, 2017, 02.14 PM IST
As per the Rule 26C of the Income Tax Act, it has become mandatory from 1st June 2016, for the employee to furnish certain details to the employer for claiming the tax benefits on salary income. For this, the employee needs to fill and submit Form 12BB to one's employer to claim tax benefits or rebate on investments and expenses.
The Form 12BB is basically a statement of claims by an employee to claim tax deduction on leave travel allowance (LTA), house rent allowance (HRA), deductions under chapter VIA (Section 80C, 80D etc) and interest paid on home loans.
Among other things as mentioned above, in the Form 12BB, one has to furnish specific details about the home loan:
(i) Interest payable/paid to the lender (during the financial year)
(ii) Name of the lender
(iii) Address of the lender
(iv) Permanent Account Number (PAN) of the lender
Use the information on this page to locate the PAN of your lender.
In case you want to confirm it, you can click here to verify it from the government website.