Can anyone please tell me if someone's income is not taxable, is it necessary to provide Form 16B? I was working with one company from May 2009 to October 2010. Now my current company is asking for Form 16B.
From India, Gurgaon
Acknowledge(0)
Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Shilpi, Even non-taxable category people have to file returns. I think, Form 16 shall be issued irrespective of his/her income in taxable limit. Pon
From India, Lucknow
Acknowledge(0)Amend(0)
616From India, Lucknow
Acknowledge(0)Amend(0)
Shilpi,
They are supposed to provide a service certificate wherein your salary details will also be mentioned. On request, service certificates are issued by past employers. Approach them with your written request.
Pon
From India, Lucknow
Acknowledge(0)Amend(0)
They are supposed to provide a service certificate wherein your salary details will also be mentioned. On request, service certificates are issued by past employers. Approach them with your written request.
Pon
From India, Lucknow
Acknowledge(0)Amend(0)
shilpi, company will provide you a salary certifecate if your net taxable income is below the 1.8L /PA otherwise a form 16 is required if any TDS was deducted from salary.
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)
Income Tax Filing for Salaried Individuals
From the assessment year 2011-12 onwards, salaried persons earning up to Rs 5 lakh per annum would not have to file IT returns. The Form 16 issued to salaried employees will be treated as the Income Tax Return. The idea behind the move is that in cases where there are no other sources of income, filing a return is a duplication of existing information. Therefore, if the salary is taxable and there is any TDS, the employer should issue Form 16.
Regards,
Kamal
From India, Pune
Acknowledge(0)Amend(0)
From the assessment year 2011-12 onwards, salaried persons earning up to Rs 5 lakh per annum would not have to file IT returns. The Form 16 issued to salaried employees will be treated as the Income Tax Return. The idea behind the move is that in cases where there are no other sources of income, filing a return is a duplication of existing information. Therefore, if the salary is taxable and there is any TDS, the employer should issue Form 16.
Regards,
Kamal
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Income tax and form 16.xls