TDS Form No 16

SANJEEV SARANG
If No TDS is deducted from the salary, Employer is bound to give TDS form no. 16??
consultme
Form 16 is towards tax deducted at source from income. If no income tax deduction, no Form 16
pankajdcosta_109281
Sanjeev, The word 'Bound' is very strong.
Check if the organization is TAN registered.... are other staff getting Form 16. If yes... all employees will get Form 16, i.e with NIL TDS certificate.
In another couple of weeks.. one should expect form 16 from their employers... even someone whose TDS is NIL gets it.
Regards
Pankaj
saswatabanerjee
To the best of my knowledge, all Tds has to now be generated from the income tax site.
So it will not generate it if there is no Tds deducted (as it will not be on the website)
I am told manual Tds certificates are not allowed from this year for all company assesses.
stalinb
Dear sanjeev,
If the net salary income of the employee crosses the maximum exempted tax ceiling (ex:Rs.200000), the employer shall issue TDS certificate. Even if the final tax liability of the employee is zero, the employer shall issue a zero TDS Form16.
The employer can generate zero TDS Form16 from the tdscpc website. In order to do this, the employer should have uploaded the relevant information of the particular employee (with zero TDS) in the tin-nsdl website.
pankajdcosta_109281
Sanjeev,
Appreciate if you could share with the group in the coming weeks.. how things developed at your office in this regard. It will enable learning for all viewers and closure to the loop. Thanks.
RAMAKANT R
Dear Sanjeev,
Kindly note that if your Gross Income exceeds Rs.2.00 lacs (not taxable) then you are eligible to get Form 16 by law.
Ramakant
saswatabanerjee
I cross checked with our auditors.
TDS certificates are only for those from whose salary TDS has been deducted.
You can not give a NIL TDS certificate. It is illegal.
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