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Form16 under income tax act issue

277 views 4 replies

Umesh V Naig

Statutory Analyst

452 Points Posted on 04 April 2019

When there is Nil tax calculated based on taxable salary income less allowable deductions etc , is it mandatory to issue Form 16 to the employee for example

Income is 250000

Less

80c etc......50000

Taxable is....200000 less than the allowable limit

under the above example Form 16 is mandatory to issue or not

please confirm

Replies (4)

CA Nitin K. Varshney

FCA DISA CCA Peer Reviewer (ICAI)

616 Points Posted on 04 April 2019

if detail has been filed in tds returns, it is mandatory to be issued form 16. in any other case salary certificate is sufficient.

Giridhar S Karandikar

Team Lead

7558 Points Posted on 04 April 2019

if TDS us made then only firm 16 us required to be issued else not required to be issued

Mukesh Sodhi

owner

286 Points Posted on 05 April 2019

Agree with CA Nitin K. Varshney Sir.

Umesh V Naig

Statutory Analyst

452 Points Posted on 11 April 2019

in the salary return we fill the salary particulars claim exemptions deductions as per rule and arrive as nil TDS , in such case we need to issue form 16 as such