Is it mandatory to issue Form No 16 to all the employees? What about the employees who don’t come under Tax slab. Has Form no 16 to be issued to them also.
From India, Bangalore
Acknowledge(0)
Amend(0)
1From India, Bangalore
Acknowledge(0)Amend(0)
Yes it is mandatory to issue Form no. 16 to all employees in whose case TDS has been deducted, for rest it is not mandatory but if they demand then you have to provide it.
From India, Ahmadabad
Acknowledge(0)Amend(0)
From India, Ahmadabad
Acknowledge(0)Amend(0)
Hi Arun,
Issuing Form 16 is necessary for all employees, even if it is not mandatory from an Income Tax Act point of view. Most employees would come back to you asking for Form 16 for the past 2-3 years, especially when they apply for a loan at the bank. It would also be a goodwill gesture to your employees as they will be assured the company is following all statutory compliances under the Income Tax.
Hope this helps.
Regards
From India, Hyderabad
Acknowledge(0)Amend(0)
Issuing Form 16 is necessary for all employees, even if it is not mandatory from an Income Tax Act point of view. Most employees would come back to you asking for Form 16 for the past 2-3 years, especially when they apply for a loan at the bank. It would also be a goodwill gesture to your employees as they will be assured the company is following all statutory compliances under the Income Tax.
Hope this helps.
Regards
From India, Hyderabad
Acknowledge(0)Amend(0)
Our management is not providing Form 16 for the 2012-13 financial year even though it has been requested many times. This is why I am unable to file my Income Tax Return accurately, as the income shown in my account does not reflect all my earnings, including other sources of income.
What can I do to proceed and obtain the Form 16 necessary to file my Income Tax Return?
From United States,
Acknowledge(0)Amend(0)
What can I do to proceed and obtain the Form 16 necessary to file my Income Tax Return?
From United States,
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.