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Regarding form 16 issuance

Tax queries 996 views 3 replies

Jacky

ACCOUNT EXECUTIVE

219 Points Joined October 2013

Is it possible to get Form 16 with in the financial year. As I have Changed job in august and new employer asking for Form 16. So, if form 16 will be issued only after the end of financial year then I will deny them or else tell me the way to get form 16 in the middle of financial year

Replies (3)

Nikhil Kaushik

Fellow CA

86871 Points Joined June 2009

yes. the last employer may issue the form 16 mid-year.

Mihir

Wealth Manager

5293 Points Joined December 2008

You may write a letter to your employer requesting them to issue form 16.

CA Pallav Singhania

IT System Auditor

33683 Points Joined April 2010

It is mandatory on part of previous employer to furnish form 16 to you for filing IT return but why your present employer is bothered about from 16 of previous employer.Infact they should give you form no 16 for the period for which you have worked with them.

They should take a declaration from you for the previous income & investment made by you if any & calculate tax acordingly.It will be your responsibility to file IT return taking income of both the employer during the financial year.

You can also draw your previous form 16 from the salary slips which you must have received on monthly basis for filing IT return clubbing with the present one.