A query has been raised regarding the mandatory issuance of Form 16 for all employees whose Provident Fund (PF) is deducted by the company. The discussion seeks clarification on whether this applies to all employees, irrespective of their salary falling below or above Rs. 2.5 lakh. The initial understanding suggests it might not be mandatory if an employee's income is below the basic exemption limit.
29 July 2021
I have been questioned that it is mandatory to raise form 16 for every employee who's PF is deducted by the company whether his/her salary is below or above Rs.2.5 lakh or not??????????? is it right or wrong.