Dear all,
I recently faced a situation with an employee from my company regarding Form 16, also known as a salary certificate, which is supposed to be provided by the accounts department. The employee requested Form 16 to submit to the bank for obtaining approval for a personal loan. During this process, there was a serious argument with the individual for not providing the Form 16. The employee is a non-IT return filer. Is it compulsory to provide Form 16 to certain individuals?
Regards,
Naveen
From India, Visakhapatnam
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I recently faced a situation with an employee from my company regarding Form 16, also known as a salary certificate, which is supposed to be provided by the accounts department. The employee requested Form 16 to submit to the bank for obtaining approval for a personal loan. During this process, there was a serious argument with the individual for not providing the Form 16. The employee is a non-IT return filer. Is it compulsory to provide Form 16 to certain individuals?
Regards,
Naveen
From India, Visakhapatnam
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Naveen: Form 16’s are compulsory. You are in the right and you can escalate non issuance of Form 16’s to your payroll / Accounting / Finance team/s
From India, Mumbai
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92From India, Mumbai
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Employee Appraisal Form new.doc
Form 16.xls