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Form 16 part-b for salaried employee

TDS 414 views 4 replies

Dear All,

 

Employees asking to me to provide them "Form no 16 part - B" but our company is not yet audited.

What should i do please help me and suggest me.

 

Replies (4)

Wheather your company has audited or not doesn't matter. U will have to provide part b according to calculation u have made in calculation of tax amount.

I agree with Subhash. Further, the last date to issue form 16 is 30th May. Part A of form 16 to be downloaded from TRACES and part B shall be prepared by the employer.

Agree with the above replies..

Employer can decline to issue Form 16 in case there is no deduction of tax at source.It is clear from a bare reading of section 203 of the I T Act and the relevant rule 31 of IT Rule .

Liability to give a certificate of tax deduction is given in Section 203 of the I T Act .For employer, specific provision is given in sub-section 2 of section 203 of the I T Act.


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