Form 16 not given by employer?

I left the company during febraury2006 and joined another company, my previous employer has given form 16?

  • till the date i was with that company. my present company didn't detected any tax till now from my salary. for the remaining months from march to april 2007, how can file for the tax return. if my present employer is not providing me form-16 then what can i do in this case. how the tax filing in the absence of form-16. please suggest me.

  • Answer:

    You joined the new employment in March 2007 and obviously got salary for this month in April 2007. You got February 2007 salary from the previous employer in March 2007 and naturally it should have been reflected in your form no.16. Normally, deduction of TDS from salary is made on payment basis, hence the current employer is not issuing you the form 16. As you are paid in April 2007 and by that time you have not crossed the tax free limit in current financial year, he is not deducting TDS from your salary at present. Whenever your gross salary will cross Rs.110000/- limit, he will start deducting TDS. The form 16 is given normally in April every year, so your current employer will give you form 16 in April 2008 (by which time it will not be necessary). Now for income tax return of Financial year 01.04.2006 to 31.03.2006 (Assessment year 2007-2008) you can file your return on the basis of available form 16 and nothing is wrong in it, I feel.

Friend_C... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

In the assesment Year 2008-09 there is really not required for any form 16 you can just take the ATR-1 Form fill it to the income tax department.

Rohith

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.