Issue of form 16

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Dear Experts, It is now mandatory to issue form 16 from traces website but it will show only amount when TDS is dedcuted. There are employees who are not into TAX bracket but want to file return and want form 16. How to proceed for it. Please advice
Replies (6)

The Compnay for which they are working needs to file a NIL TDS Return against their PAN Number by providing thier salary amount and TDS amount as 0.00

till now as such no return filed for NIL TDS, may i file for entire year simuntaniously ??

 

Hello, 

Not agree with Pansari Ji

Your employer can decline to issue Form 16 in case there is no deduction of tax at source.It is clear from a bare reading of section 203 of the I T Act and the relevant rule 31 of IT Rule .

Liability to give a certificate of tax deduction is given in Section 203 of the I T Act .For employer, specific provision is given in sub-section 2 of section 203 of the I T Act.

 

From 16 has two parts, Part – A & PART – B

Part - B is prepared by the employer manually, you may ask to your employer for PART – B.

Agree with Vishalji,

So per rules if TDS is dedcted then there is mandate to issue TDS certificate else salary slips with part- B filled manually are enough things to issue. 

Please correct if wrong.

Jinal you are right. 

Thanks Vishal


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