What is an alternative for Form 16?

Alternate documents such as Form 26AS, which can be downloaded from the Income Tax / Bank website, TDS Certificates from bank, tax saving investment proofs, rent receipts and your salary slips can be used to work on your Income Tax Return filing.

What can I do if my employer is not issued Form 16?

In case an employer fails to provide you with a Form 16 after having deducted TDS – the minimum penalty that the employer will pay is Rs 100 for every day the default continues.

What is the difference between 26AS and Form 16?

While Form 16 is issued annually on TDS from salary, Form 16A is issued every 3 months for TDS on income from other sources. Form 26AS, on the other hand, is a government record of the tax deducted from an individual or company and deposited with the Income Tax Department.

Why do new employers ask for Form 16?

Form 16 is a certificate that employers issue to their employees to certify that they deduct TDS, which stands for Tax Deducted at Source. At the end of every financial year, the employer has to issue Form 16 which contains the total amount of salary, as well as the amount of tax deducted from an employee’s earnings.

Why is form 16 important?

Why is Form 16 important? The primary Form 16 purpose is that it acts as a proof of taxes being paid on time, and that the income an employee earns from his/her salary is genuine, valid and recorded with the Indian Government.

Can I get form 16 with no TDs?

Yes, you can still get Form 16 with no TDS . Basically, Income Tax Form 16 is a certificate from your employer. It certifies that TDS has been deducted on your salary by the employer.

When does an employer have to issue TDS certificate?

It is clear from the aforesaid provision that an employer shall furnish the certificate only if any tax has been paid to central govt. on behalf of the employee. Rule 31 of IT Rules states that employer has to issue TDS certificate in Form 16 . The said Rule states as under

What is form 16 and how to apply for it?

Form 16 is “Certificate of Deduction of Tax” by employer, if no tax is deducted, Form 16 cannot be issued. However you can ask your employer to give you a Salary Certificate. This practice is followed by most corporates. From a practical standpoint, employers don’t file separately for employees who don’t have any tax deduction.

Can an employer issue Form 16 without tan number?

If employer issued Form 16 with out TAN Number how employee will be filing his income tax returns with out TAN number of employer. Memebers are requested to guide on the above queries… Thank you. 06 July 2010 A deductor can issue Form 16 only when he has deducted TDS. Without deduction of TDS on salary no one can issue Form 16.