Saswatabanerjee
Partner - Risk Management
Mahr
Head - Human Resources
+1 Other

Thread Started by #Anonymous

Hi,
I am selected for a good MNC company now and during verification they have asked me for form 16 and bank statement of my first employer, I was working with XYZ company in 2011 ((my first company), my total exp for this company is 1.5 years, but now the company is closed and we were given the salary in cash as it was a small company. At this time I do not have form 16 or bank statement for this company. Please suggest what I need to do to justify myself and get this query resolved.
Thanks.
Amit
6th December 2016 From India, Pune
File your Income Tax Return in form ITR 1 and show the salary. Then if your total income is below taxable limit, then show the TAN number of your employer is Schedule of ITR 1 tax deducted in form 16. Show total salary you got in a Financial year. Then show tax deducted in FY as 0. So you get proof that is equivalent to form 16. If any problem leave a comment.
6th December 2016 From India, Kolkata
Hi Amit, Did you inform the same to your new employer? Please don’t make this complex. Inform them in advance and ask them what alternative do they expect.
6th December 2016 From India, Bangalore
@ Mahr — - Yes, I have already informed this to the new employer, but received no response from them after that. Do I need to justify anything else to clear this query?
8th December 2016 From India, Pune
The company you worked for may have been closed, but your bank statements for that period would be available right ? You cant say you do not have bank statements for 2011. At worse, you can go and ask the bank for a copy of the statements of that period.
The problem i suspect is that you didnt put the salary money in the bank.
And the bank would show nil or very low balance with little transactions.
You have not option but to go and speak to the HR in the new company and explain to them what the situation is
6th January 2017 From India, Mumbai
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