My employer has shown lesser salary in form 16 compared to salary credited in account. When checked I found this is case with all employees in the organisation. Is this good practice?
From India, Chennai
Acknowledge(0)
Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Dear Friend,
When it comes to the employer's actions, let him do whatever he wants. You should be concerned with the salary you have in hand - is it as per your offer letter or not? That's it.
If he is showing a lower salary in Form No. 16, it's good for you. Whenever you switch jobs, don't show your Form 16.
Regards,
From India, Mumbai
Acknowledge(0)Amend(0)
19When it comes to the employer's actions, let him do whatever he wants. You should be concerned with the salary you have in hand - is it as per your offer letter or not? That's it.
If he is showing a lower salary in Form No. 16, it's good for you. Whenever you switch jobs, don't show your Form 16.
Regards,
From India, Mumbai
Acknowledge(0)Amend(0)
Pls note that payments u/s 10 of Income Tax Act (Rented accommodation HRA/ Conveyance etc) are not included in total salary shown in Form 16 .So Pls check
From India, Panipat
Acknowledge(1)Amend(0)
From India, Panipat
Acknowledge(1)Amend(0)
As rightly mentioned by Gupta, few allowances are non-taxable which may not reflect in Form 16. There is a working for all Form 16 issued. You can claim it and discuss with accounts personnel or a Chartered Accountant to have clarity on the said subject.
From India, Ahmadabad
Acknowledge(1)Amend(0)
From India, Ahmadabad
Acknowledge(1)Amend(0)
You should ask your employer about the reason for the difference. In all probability, it will be due to the amounts that are exempted from tax as per law.
You should not always assume that the company is wrong or engaging in fraudulent activities. The employer has to comply with certain laws.
From India, New Delhi
Acknowledge(2)Amend(0)
You should not always assume that the company is wrong or engaging in fraudulent activities. The employer has to comply with certain laws.
From India, New Delhi
Acknowledge(2)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.
Form 16.xls