21 November 2012
But as per circular no 5/211 dated 16.08.2011, Form NO. 12BA shall be provided by the employer if the salary paid or payable is above Rs 1,80,000/- . This is yet not amendment. If the amount of salary is above Rs 180000/- , whether Form 12BA only be issued without Form 16?
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Form 12BA is the statement shows the perquisites,profit in lieu of salary or any other ammenities provided by the employer. Form 16 statement includes all the details of salry income & even other other heads of income also which is also certified by the employer. The point is Form 12BA is not necessary for an employee because the details in Form 12BA includes in form 16. Hence Form 16 is necessary & form 12 BA is not necessary.
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