Issue of form 16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2012 My Income from Salary comes under the IT slab, but I get deduction under 80C, The taxable income is below the slab. Thus TDS on salary is not been deducted from my salary. Still can I get the TDS Certificate. Do I need to get the TDS Certificate/ Form 16 from my employer?

Amol S Joglekar

Amol S Joglekar (Expert)
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31 July 2012 Choice is with the employer whether to give the salary certificate in form 16 or any other form.

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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31 July 2012 Although it is not mandatory to issue Form 16 in case of no deduction, you should still obtain a Form 16 from your employer.

This will be useful if you want to take a loan from the bank.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2012 Thank you so much Mr. Joglekar and Mr. Bhardwaj for the reply.

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