Form 16

1. TA @ 1600 pm from june 15 onwards
2. Bonus is taxable under the head salaries
3. PF deduction u/s 80C limited to Rs.1.5 lacs

Thanks Poornima,

I have one more question is that whether we need to mantain any records for Form 16 for company or no need ?

U mean proof of savings from employees, supportings for exemption n all? If so, yeah, company has to preserve these documents for any future use.

I know these needs to be mantained but i am asking about  suppose in my company 35 employee work.i want to know whether any serial no  for each form needs to be mantained or not ?

and if an empolyee gain 35k per month and he get half month salary deducted from 2 months then is his basic also effected or not 

if affected then hra calulation needs to be done ?

1. Form 16 has to be downloaded from TRACES website. So there is no question of u maintaining any other s/n for the form
2. If the deduction is on account of say LOP, then half month salary payable is only includible for taxation purpose. But if such deduction is on a/c of say loan repayment, then full month salary to be considered as taxable income. It depends on the reason for deduction.