tds

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manish (Querist)
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05 July 2016 n case of Government employees, the Financial Year is said to start from 01 March and to end the last of the following February. In case of them, what is pervious year, and what is assessment year? How to calculate tax for TDS? How to issue Form No. 16? Which period should be shown in Form No. 16, ie., Period from 01-Mar-20?? To 28-Feb-20?? Or Period from 01.04.20?? to 31.03.???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 July 2016 Form 16, show the period from 1st April to 31st March. Financial year is from April to March only but March salary is received in April and considered for tax deduction on payment basis in April