25 July 2011
Q 1- Form 16 to be issued Q 2-Form 16AA will be issued to a person who is 1. an individual, resident in India, where—(a)his total income includes income chargeable to income-tax under the head 'Salaries';(b)the income from salaries before allowing deductions under section 16 of the Income-tax Act, 1961 does not exceed rupees one lakh Sixty thousand;(c)his total income does not include income chargeable to income-tax under the head 'Profits and gains of business or profession' or 'Capital gains' or agricultural income; and(d)he is not in receipt of any other income from which tax has been deducted at source by any personother than the employer.
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