Form 16

This query is : Resolved

sanjna pal (Querist)
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10 June 2016 if the gross income of the employee is less than 2.5 lacs for the f.y 2015-16, and he need form 16 for loan purpose , so employer can issue form 16?

Rupesh Jain

Rupesh Jain (Expert)
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10 June 2016 there is no criteria for the loan what the income, loan agency demand the income proof. you have to provide. employer can issue the form 16 manually or on its firm letter head if income is not taxable.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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10 June 2016 Yes employer can give form 16 in their manual format. there is no issue with that.

Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2016 yes, employer MAY issue form 16. Alternatively, the employer can issue SALARY certificate if it does not want to issue form 16

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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10 June 2016 Employer can issue form 16, However Salary certificate is also sufficient evidence for Income proof

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