Form 16 - Hr Forum

Hello Seniours, :D :)
please help me to understand the Form 16 Procedures. Because last month one of our employee resigned the company and he is asking me about the Form 16.As i am new in HR field so i do not know any idea.
Please help me.
Regards
Vrusha

Hi Vrusha,
Form 16 is the declaration form by the company regarding TDS deduction from the salary where a company declares that the particular amount of Income Tax has already been deducted from the salary of an employee. This form is necessarily to be submitted to the new employer for the purpose of calculation of further Income Tax to be deducted.
Amit Goyal

Hi Vrusha,
Form 16 is the certificate from the employer to the employee stating what amount of TDS have been deducted from his total one year salary and if not then why. Every salaried person needs to file his/her return. Its required at that time. Its very important.
Hope I have answered your query.
Regards,
Sweta

Hi
U need to talk to your accounts department to give the same for preparation to the CA of the company.Wat u need to do is just give them the salary transferred detailsof the financial year and yes ask the employees to give u their savings details or the details of their tax payments
Only these u need to collect rest will de prepared by ur CA or account Deptt.,