Form no. 16

As the bank, in its employer capacity, is aware of the FD Interest income of its employee, it has to disclose this income in the Form16 issued to him.

Employee May disclose his other income to his employer which the employer is not aware of (which is not the case as given above).

SHOULD SHOW IN FORM 16

SAME AS SAID BY MR. PANCHAM

EMPLOYER IS LIBLE TO SHOW THAT INCOME IN FORM 16 SINCE HE IS AWARE OF EMPLYEE'S INCOME.

How does Bank keep a track of employees when they have thousands of employees?  Bank will treat it as normal customer only.  They need not to mention in Form 16, since it is not a salary income.  They will treat as normal customer only.  Bank is not responsible to keep track of employees FDs etc.

Dear All,

There is no standard rule dat Form-16 should contain only Salary Income.Its Employee responsibility to request Employer to disclose his/her other incomes in form -16, so dat Employer will deduct TDS and pay to government. Otherwise employee has pay Self assessment tax at the time filing ITR.

In the present case,

as said by Mr. CMA B Ravi Kumar, Bank is not responsible to keep track of employeed FD etc...

But as per my opinion Interest income can be included in form-16.

It is employees responsibility to show other incomes to his employer even interest income though getting from employer bank.  It is not bank resposibility to keep track of his FDs etc and disclose the employees other incomes.

fully agree with Mr. Ravi...........

Thanks to all for ur reply.

Agree with Ravi Kumar