Sathish M
(Management Accountant)
(40581 Points)
Replied 19 November 2015
When there is an Employer - Employee Relationship, the obligation of paying monetary benefits arises which is termed as salary. Form 16 is issued by an Employer to an Employee at the end of the Financial year, showing all the emoluments and benefits paid and deducting any tax which is due based on employees tax liablity.
sambhaji
(assistant manager)
(43 Points)
Replied 19 November 2015
sambhaji
(assistant manager)
(43 Points)
Replied 19 November 2015
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
