Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Revised form 16

Others 1088 views 3 replies

Umesh Mittal

Excise

45 Points Posted on 02 July 2014

Hi Everyone, I am having an issue with my previous employer for not revising the form16 ( I have worked there for two month in Financial year 2013-2014). He has issued a form16 with incorrect amount where he shown ‘House Rent Allowance’ is Taxable Amount while it was exempt. He has not considered my Rent slip. When I contacted my previous employer, Payroll department is refusing to revise the Form-16 as they are saying that it cannot be revised. I am not saying to reverse the deducted tax amount but Taxable Income should be revised due to HRA in form-16. Please let me know whether Form-16 can be revised or not. Thanks, Umesh Kumar

Replies (3)

sneha

associate

26 Points Posted on 02 July 2014

Yes. Employer has to issue revised form 16. After claiming HRA exemption taxable amt will be reduced and then you can claim refund while filing of income tax return. Employer has to file revise TDS Return then it will correctly reflect in your Form 26AS.

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Posted on 03 July 2014

yes form 16 can be revised. but if prev. enployer is doing nothing then claim deduction of such hra in your itr.

shivaraman

vellore

26 Points Posted on 29 July 2015

To Mr. Aditya. Sir if I claim hra in my itr.. It will lead to difference in gross salary in form 16 A and my itr. Is this will create any problem.. actually I failed to submit proof of hra exemption to my employer.. what to do now.. Pls help