Form 16
This query is : Resolved
sanjna pal
(Querist)
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
(Expert)
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
(Expert)
10 June 2016
Yes employer can give form 16 in their manual format. there is no issue with that.
Amol S Joglekar
(Expert)
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
(Expert)
10 June 2016
Employer can issue form 16, However Salary certificate is also sufficient evidence for Income proof
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