22 April 2011
hai i want to know which form should issued to a director of company who receive the monthly remuneration rs 15000 pm. is is form 16 or 16aa, he is not come under tax payabble limit
22 April 2011
it should be form no 16 Form no 16AA is not operative as of now though it is on the rule book but there is no reference of it in the new rule 31
22 April 2011
If TDS is deducted on remuneration then Form 16 will be issued. Otherwise no need to issue any form. At most a salary certificate can be issued by the company.
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