Is employer required to issue a Form 16 to all employees as a rule now?
2 Likes
I have same query. Can anyone help in this
2 Likes
Yes, definitely for all whom the employer deducted TDS
2 Likes
Not for all. Only for those for whom TDS is deducted. Other than that, if anyone asks we can issue Form 12B
2 Likes
A post was split to a new topic: How can we issue form 12B?
Yes, there is no difference between Tax deducted employee to no tax employee… as a employer we have to issue form 16 for all employees… FORM 12BB consist only Investment declarer value by individual not the earned salary or any perquisite…
3 Likes
Form 16 is technically a certificate for tax deducted at source. However, banks etc are insisting on submission of Form 16 to give even small ticket items like mobile loans etc. Therefore from a practical point of view, employers are filing Form 24 Q for all employees (even those who do not have TDS) and downloading Part A and Part B of Form 16 from the TRACES website. This digitally signed form is then given to all employees.
4 Likes