Requirement of Form 16

This query is : Resolved

Guest

Guest (Querist)

12 June 2008 If some one have an income of Rs. 2 lac in FY 07-08 (AY 08-09)from Salary. After making required investments as per IT Act his Income fall under 1.50 lac.

FOR FILING RETURN:-

Form 16 is required?

or

Salary certificate is enough !

OR

Self declaration

pls advise

Rajesh goyal

AMIT DOSHI

AMIT DOSHI (Expert)
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12 June 2008 form 16 is reqd since salary is more than basic margin of exemption limit which is rs 1.10 lac for men and Rs 1.45 lacs for women assessee below 65 yrs