Dear All,
our company gave incentive of year 2007-08 of to an employee in 2009-10 after resigned in 2008-09. So should our co. give him Form 16 for 2009-10. we have not deducted any TDS & he has not enquire for such form16.
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Issue Form 16 or not?
Replies (2)
It is mandatory to issue Form 16 when tax is deducted. Else it is optional. Please understand that Form 16 is a TDS certificate, not a salary certificate.
Agree with Mr Nayak. FORM 16 needs to be issued, in case TDS is dedcuted. Otherwise, if the employee demands, then only you need to give Form 16.
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