REFUND AMT. IN FORM 16
This query is : Resolved
17 May 2011
WE ARE ISSUED FORM 16 TO EMPLOYEE BUT REFUND AMOUNT NOT SHOWING IN FORM 16 IN MINUS VALUE.
HAS THE CHANGE IN FORM 16 ?
EXAMPLE :- A PERSON TDS ON SALARY 2000/- AND DEDCUTOR DEDUCRTED 2500/- AND 500/- NOT SHOWING IN MINUS IN FORM 16 IN NET TAX PAYABLE.ONLY 2500 AMOUNT IS SHOWING IN LAST
HAS THE CHANGE IN FORM 16 ?
EXAMPLE :- A PERSON TDS ON SALARY 2000/- AND DEDCUTOR DEDUCRTED 2500/- AND 500/- NOT SHOWING IN MINUS IN FORM 16 IN NET TAX PAYABLE.ONLY 2500 AMOUNT IS SHOWING IN LAST
19 May 2011
There are two separate boxes for tax payable and tax refundable. So, there is no question of negative amount as the refund will be shown as a positive figure in the tax refundable box.
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