Hi HR officers, kindly solve my query. I am working in a private company in Faridabad. My salary has been transferred to my salary bank account. The transferred amount is Rs. 22,000 per month. Am I able to get Form 16 if the company does not include me in TDS calculation? What are the common conditions to get a Form 16?
Thanks,
Gunjan Thakur
From India, Delhi
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Thanks,
Gunjan Thakur
From India, Delhi
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Dear Gunjan, Form 16 is compulsary as per the conditions given by Mr. Amit. U have to show some kind of investmnt to take tax benefits. Regards, Sandeep Sharma Hero Motocorp Limited Gurgaon
From India, Delhi
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2From India, Delhi
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If your taxable amount is zero after considering your investments, HRA, and medical expenses, your company might not issue Form 16. Instead, they could provide you with a Salary Certificate.
Kind Regards,
SF
From India, Mumbai
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Kind Regards,
SF
From India, Mumbai
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Dear HR Form 16 applicable to all weather he / she eligible to TAX payer or not Employer must given to his employee form 16 on request to issue form Regards Amit Trada Surat_Gujarat
From India, Ahmadabad
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From India, Ahmadabad
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Dear Gunjan,
I completely agree with Amit Trada. Even if your salary is Rs. 22,000 * 12 = Rs. 264,000 per annum, not all components of the salary will be included in the tax computation. That is the reason your employer did not include you in the TDS calculation. However, you can still get Form 16 upon request.
Regards,
Krishna
From India, Hyderabad
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I completely agree with Amit Trada. Even if your salary is Rs. 22,000 * 12 = Rs. 264,000 per annum, not all components of the salary will be included in the tax computation. That is the reason your employer did not include you in the TDS calculation. However, you can still get Form 16 upon request.
Regards,
Krishna
From India, Hyderabad
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Income tax and form 16.xls