Form no.16 & self assessment tax

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This query is : Resolved

TARUN SINGLA (Querist)

19 May 2016 1.WHEATHER THE GOVT EMPLOYER ISSUE FORM NO. 16 TO HIS EMPLOYEE WHEN NO TAX HAS MADE ON EMPLOYEE INCOME ?
2. SELF ASSESMNET TAX IS TO BE ADDED IN FORM NO.16 OR NOT ?

CA Mithil Munot

CA Mithil Munot (Expert)

19 May 2016 1) Form 16 is given when TDS is deducted from the employee salary
2) Self assessment Tax is added at time of filing ITR

Regards
CA MITHIL MUNOT
camithilunot@gmail.com

TARUN SINGLA

TARUN SINGLA (Querist)

19 May 2016 ACCORDING TO YOU IN FORM NO.16 ONLY TDS DEDUCTED AMOUNT WILL BE SHOWN

Amol S Joglekar

Amol S Joglekar (Expert)

19 May 2016 form no 16 is mandatory in the cases where TDS has been done by the employer. In the cases where TDS is NOT required to be done, many employers DECLINE to issue form 16. Under such circumstances, the employees should ask for SALARY certificate and not form 16.

TARUN SINGLA

TARUN SINGLA (Querist)

19 May 2016 CALCULATION PERFORMA FOR INCOME TAX IS SHOWN AS SALARY CERTIFICATE?

Amol S Joglekar

Amol S Joglekar (Expert)

19 May 2016 yes, you may use the same as that of form 16. but refer it as salary certificate.

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