Reg. form 16

763 views 3 replies

In our company one of the employee's salary income will be 325000/- (FY.2013-14) but there is no tax liability due to home loan and other deductions. if there is no TDS how a company can issue Form 16 to the employee? Whether TDS is a must for generation of Form 16? What to do if salary income in greater than 200000/-  during the year? Is it necessary to upload the details in TDS return?    Thanks in advance.

Replies (3)

yes,

All the detail is required to file in TDS return.

Hi

Form 16 will contain the details about the income and deductions availed by the employee. It is must even if no TDS is there.

Take the necessary document from teh employee like the home loans and other deductions and then check if his income is taxable, if not then no TDS which means no need to deduct TDS

if there is no income available for tax, then no need to upload TDS return.

 

Thanks

I agree with Mukesh.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details