Can anyone please tell me if someone's income is not taxable is it necessary to give form 16 B. I was working with one company from may 2009 to oct 2010. Now my current company is asking for form 16 B.
From India, Gurgaon
From India, Gurgaon
604
From assessment year 2011-12 onwards salaried persons earning up to Rs 5 lakh per annum would not have to file IT returns.
The Form 16 issued to salaried employees will be treated as Income Tax Return.
The idea behind the move is that in cases where there are no other sources of income, filing of a return is a duplication of existing information.
So now if the salary is taxable and there is any TDS, the employer should issue Form 16.
Regards,
Kamal
From India, Pune
The Form 16 issued to salaried employees will be treated as Income Tax Return.
The idea behind the move is that in cases where there are no other sources of income, filing of a return is a duplication of existing information.
So now if the salary is taxable and there is any TDS, the employer should issue Form 16.
Regards,
Kamal
From India, Pune
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