If No TDS is deducted from the salary, Employer is bound to give TDS form no. 16??
From India, Chandigarh
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From India, Chandigarh
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Form 16 is towards tax deducted at source from income. If no income tax deduction, no Form 16
From India, Bangalore
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206From India, Bangalore
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Sanjeev,
The word 'Bound' is very strong. Check if the organization is TAN registered. Are other staff getting Form 16? If yes, all employees will get Form 16, i.e., with a NIL TDS certificate.
In another couple of weeks, one should expect Form 16 from their employers, even someone whose TDS is NIL gets it.
Regards,
Pankaj
From India, Mumbai
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The word 'Bound' is very strong. Check if the organization is TAN registered. Are other staff getting Form 16? If yes, all employees will get Form 16, i.e., with a NIL TDS certificate.
In another couple of weeks, one should expect Form 16 from their employers, even someone whose TDS is NIL gets it.
Regards,
Pankaj
From India, Mumbai
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To the best of my knowledge, all TDS has to now be generated from the income tax site. So, it will not generate it if there is no TDS deducted (as it will not be on the website).
I am told manual TDS certificates are not allowed from this year for all company assesses.
From India, Mumbai
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I am told manual TDS certificates are not allowed from this year for all company assesses.
From India, Mumbai
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Dear Sanjeev,
If the net salary income of the employee crosses the maximum exempted tax ceiling (e.g., Rs. 200,000), the employer shall issue a TDS certificate. Even if the final tax liability of the employee is zero, the employer shall issue a zero TDS Form 16.
The employer can generate a zero TDS Form 16 from the TDS CPC website. In order to do this, the employer should have uploaded the relevant information of the particular employee (with zero TDS) on the TIN-NSDL website.
From India, Thana
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If the net salary income of the employee crosses the maximum exempted tax ceiling (e.g., Rs. 200,000), the employer shall issue a TDS certificate. Even if the final tax liability of the employee is zero, the employer shall issue a zero TDS Form 16.
The employer can generate a zero TDS Form 16 from the TDS CPC website. In order to do this, the employer should have uploaded the relevant information of the particular employee (with zero TDS) on the TIN-NSDL website.
From India, Thana
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Sanjeev,
Appreciate if you could share with the group in the coming weeks how things developed at your office in this regard. It will enable learning for all viewers and closure to the loop. Thanks.
From India, Mumbai
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Appreciate if you could share with the group in the coming weeks how things developed at your office in this regard. It will enable learning for all viewers and closure to the loop. Thanks.
From India, Mumbai
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Dear Sanjeev, Kindly note that if your Gross Income exceeds Rs.2.00 lacs (not taxable) then you are eligible to get Form 16 by law. Ramakant
From India, Pune
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From India, Pune
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DECLARATION FORM for TDS.xls