19 June 2008
Is this permanent obligation for the employer to issue Form 16 or 16AA even if the Taxable income is below the taxable limit and tax has not been deducted. And if it is not obligatory then what should an employer do when such an empoloyee is asking for his/her Form 16/16AA.
22 June 2008
If the income is below the taxable limit then obviously the tax liability will be nill. In that case it is not obligatory for the employeer to issue the TDS certificate. But the employee can ask for the salary certificate in which all the salary details will appear. On the same footing employer can issue the nil TDS certificate at its discreetion.
CAclubindia
