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Form 16 not given

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amol

engineer

24 Points Posted on 17 August 2013

i have been working with this organisation since feb 2012,

and have been making investments for tax savings and have done tthis for the the yr 12-13 also,

now since its aug, its time to get our form 16.my ctc is 3.5ls and ive made investments of total 1lk, now my hr tells me that the form 16 is not generated since the tax is not deducted from my acc, i dont understand , what has investment got to do with me getting the form 16? can any 1 suggest me things as in y i m not been given form 16?>

how do i got abt this process

Replies (1)

Mihir

Wealth Manager

5293 Points Posted on 17 August 2013

Considering your income to be 350,000/- and investments made upto 100,000/-, you are still liable to pay some tax. Check your 26S, if any TDS has been deducted by your employer. If your employer has not deducted any TDS, then they shall not furnish form 16. Does your employer give you salary slip every month? What is the break-up of the CTC? If they have not deducted TDS, then you shall be liable to pay self-assessment tax.

For filing IT returns for the FY 2012-13, the last date for filing was on 5th August. If you have not filed your returns then do it at once. If there is some tax liability, then pay self-assessment tax, and thereafter file your IT returns.