Arun Prakash (Manager HR - Generalist) (112 Points)
14 May 2012Dear Professional,
Can anyone please explain about TDS Assessment Range of the Employer.
And Form 12BA is that mandatory when we provide form 16 to employee.
Please help me out!!!
Arun
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 14 May 2012
https://www.mergersindia.com/IncomeTaxCD/form12ba.html
(2) The person responsible for paying any income chargeable under the head “Salaries” shall furnish to the person to whom such payment is made, a statement giving correct and complete particulars of perquisites or profits in lieu of salary and the value thereof in,—
(a) relevant columns provided in Form No. 16, if the amount of salary paid or payable to the employee is not more than one lakh and fifty thousand rupees; or
87[(b) Form No. 12BA, if the amount of salary paid or payable to the employee is more than one lakh and fifty thousand rupees, which shall accompany the return of income of the employee.]
(2) The person responsible for paying any income chargeable under the head “Salaries” shall furnish to the person to whom such payment is made, a statement giving correct and complete particulars of perquisites or profits in lieu of salary and the value thereof in,—
(a) relevant columns provided in Form No. 16, if the amount of salary paid or payable to the employee is not more than one lakh and fifty thousand rupees; or
87[(b) Form No. 12BA, if the amount of salary paid or payable to the employee is more than one lakh and fifty thousand rupees, which shall accompany the return of income of the employee.]
You can find the tds assessment range from the attached file
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 14 May 2012
Please find the TDS assessment range code from the attached file.
Please check the address registered under the TAN number and find the code
Arun Prakash
(Manager HR - Generalist)
(112 Points)
Replied 14 May 2012
Dear Mr.Tejas Jain,
Thank you so much for your valuable information.
Arun | Chennai
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 14 May 2012
If you don't mind can I ask you name of your company..?
reeta
(accounts executive)
(23 Points)
Replied 12 June 2012
NOWADAYS FORM 16 FOR SALARIED PERSON ARE ISSUED BY TIN. THE FORMAT IS CHANGED OR NOT?
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 13 June 2012
WHEN TIN IS ISSUING READYMADE FORM 16 THEN TIN WILL ISSUE FORM IN THE LATEST PRESCRIBED FORMAT. FOR KNOWING THE FORMAT WE NEED TO SEE THE ACTUAL FORM 16 ISSUED BY TIN.
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