Wrong value in form 16
This query is : Resolved
13 August 2014
Dear expert,
my employer has given me FORM 16, in which under PART B, in 1 (d) he has shown the income which is far more than the total amount in payslips before deduction.
now while filing which amount i should consider? the amount shown in FORM 16 or actual income received by me?
Please clarify me.
Thank you
my employer has given me FORM 16, in which under PART B, in 1 (d) he has shown the income which is far more than the total amount in payslips before deduction.
now while filing which amount i should consider? the amount shown in FORM 16 or actual income received by me?
Please clarify me.
Thank you
CA UMESH DULAL
(Expert)
13 August 2014
you should ask the employer to correct the figure. If there is difference between salary reported by employer and salary shown by you, you may be on trouble.
CA UMESH DULAL
(Expert)
13 August 2014
you should ask the employer to correct the figure. If there is difference between salary reported by employer and salary shown by you, you may be on trouble.
Rupesh Jain
(Expert)
13 August 2014
pls check if you have doubt then you can contact to your company related deptt. and then you can file the return according to part -B of form 16.
13 August 2014
Thanks rupesh and umesh,
i contacted them, but they are saying that it is on accrual basis. They say that it is not necessary that the value shown in FORM 16 before tax deduction will be same as the amount (after tax deduction) credited to my bank account.
In simple terms, i have received salary for 6 months, but they are showing that they have credited salary on accrual basis for 8 months and deposited tax accordingly.
So, i have paid excess tax for the amount which i have not received actually.
Kindly help me
i contacted them, but they are saying that it is on accrual basis. They say that it is not necessary that the value shown in FORM 16 before tax deduction will be same as the amount (after tax deduction) credited to my bank account.
In simple terms, i have received salary for 6 months, but they are showing that they have credited salary on accrual basis for 8 months and deposited tax accordingly.
So, i have paid excess tax for the amount which i have not received actually.
Kindly help me
CA UMESH DULAL
(Expert)
13 August 2014
The amount credited to bank and salary accrued never be the same. But, total salary earned by you during the year should be shown in form 16
CA UMESH DULAL
(Expert)
13 August 2014
The amount credited to bank and salary accrued never be the same. But, total salary earned by you during the year should be shown in form 16
13 August 2014
Yes umesh, i totally agree with, but they are saying that they will give like that only, asked me to file in which ever way i want
CA UMESH DULAL
(Expert)
13 August 2014
If so, theb there is no option available
CA UMESH DULAL
(Expert)
13 August 2014
If so, theb there is no option available
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13 August 2014
@Umesh, I can only show the salary which actually received by me while filing returns, right? i need not give the exact value as in FORM 16, right?
I want to file the returns with the amount which actually i got, but not with the value what they have shown. Can I do this? if so, this will reduce my tax amount and i can get back that refund.
I want to file the returns with the amount which actually i got, but not with the value what they have shown. Can I do this? if so, this will reduce my tax amount and i can get back that refund.
CA UMESH DULAL
(Expert)
13 August 2014
Yes you can file the actual salary earned by you (not actual received by you at bank).
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
CA UMESH DULAL
(Expert)
13 August 2014
Yes you can file the actual salary earned by you (not actual received by you at bank).
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
Do you have appointment letters/offer letters to justify your claim that you have only worked for 6 months not 8 months.
In that case also, your company will not cooperate in case there is scrutiny against you.
CA UMESH DULAL
(Expert)
13 August 2014
if the amount is not substantial, then I personally (not professionally) suggest you to forgo the refund as scrutiny of case, some taxpayers, thinks very intimidating.
CA UMESH DULAL
(Expert)
13 August 2014
if the amount is not substantial, then I personally (not professionally) suggest you to forgo the refund as scrutiny of case, some taxpayers, thinks very intimidating.
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