loan,banking and credit
*Loan,banking and credit>>>income tax

Income Tax : Form 16?


Please answer the following 2 question :
1) what is the purpose of issuing Form 16?
1) Is it mandatory for an employer to issue FORM 16 to its employee even if no TDS has been deducted for particular employees?
2) Can a employee insist on FORM 16 from his employer even when no TDS has been deducted from his salary?
3) Form 16 is a substitue of Salary Certificate : True or False?

1. Form 16 is a certificate issued by the employer that he has deducted tax from employees salary and deposited the same in govt treasury.
2.Form 16 will be issued only when some tax has been deducted. NO TAX NO FORM 16
3.keeping in view the reply given above obvisouly u cant ask your empoyer for form 16 when u have not paid any tax
4. Form 16 is not a subsitute of salary certificate ,. It is only a proof of tax having been deducted at source and deposited in govt account
hope all ur doubts are removed now
Tags
tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax
Related information
  • Income Tax : Form 16?
  • Do Canadian's pay property tax's, income tax's, sales tax's? What is the system that keeps you going?
  • If you could tell the government how to spend $1,000 of your income tax paid?
  • Do you think it is hypocritical of you to believe in paying more income tax yet take all deductions avaliable?
  • Have you ever wondered why there is an distributable income tax?
  • Does anyone know how long it takes once income tax check is mailed out, to recieve it?
  • What is the exact penal code requiring Americans to pay a Federal Income tax?
  • When this guy dies will they cancel income tax ?
    •    

    SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR
    For personal non-commercial use only.