Form 16

Can Form 16 be issued to a person who draws salary of Rs1,50,000 p.a which is below the taxable incoome.So TDs is nil.In such a case can a employer issue Form 16 if a employee requires it.

Replies (6)

yes

Yaa, no problem

yes

Yes you can

 

Originally posted by :MNarayanan

" Can Form 16 be issued to a person who draws salary of Rs1,50,000 p.a which is below the taxable incoome.So TDs is nil.In such a case can a employer issue Form 16 if a employee requires it. "


 

 You can issue Form 16AA subject to following conditions : -

For an individual, resident in India, where.

(a) his total income includes income chargeable to income-tax under the head 'Salaries';

(b) the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961

does not exceed rupees one lakh fifty thousand;

(c) his total income does not include income chargeable to income-tax under the head 'Profits and gains

of business or profession' or 'Capital gains' or agricultural income; and

(d) he is not in receipt of any other income from which tax has been deducted at source by any person

other than the employer.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details