Tax Query

Parmod Agarwal (Assistant Manager) (394 Points)

02 March 2010  

Dear All,

the Income Tax First Amedment Rule,2010 issued on 18.02.2010 stated: in the case of employee who's salary income does not exceeds Rs. 150000/- then employer can issue to employee form no 16AA. whether

it is ncessary to issue the relevant form to an employee or Form no 16AA can statement of Income cum

return of Income of the assessee.

 

can it is necessary to company to furnished the salary details of those employees who's salary income

before deduction u/s 16 does not exceeds Rs. 150000/- in our quarterly TDS return.

 

Please clarify.

 

Thanks

Parmod