03 August 2010
I have to give form 16 to my employee. Please help me out in this.
Suppose, A employee joins the Co. in July-09 and gets Rs. 35,000 P.month as basic salary. We deduct Rs. 4200 as P.F. and Rs. 200 as Prof. Tax.
Now The total Salary Paid during the year comes To. 281346-00 Basic 33762-00 Less:- Employee's P.F. 1600-00 Less: - Prof. Tax. Deducted 16000-00 Less: - TDS deducted 245984-00 Net Take Home
33762-00 P.F. Contribution by employer
Now please please tell me how to fill up the Form 16.