FAQ’s regarding Salary certificate (Form 16) and related matters

What is Form 16…? All salaried employees have to file their income tax returns by July 31, 2011. To do this, it is necessary to have the Form 16 issued by the employer. Form 16 gives details of tax deducted and the bank branch where it is deposited. For example, if a TDS of Rs 2,332 and education cess of Rs 68 are deducted from your April salary, Form 16… Read More »

FAQ’s regarding Salary certificate (Form 16) and related matters

FAQ’s regarding Salary certificate (Form 16) and related matters What is Form 16…? If there is an error by the employer, you could request them to rectify it and issue a revised Form 16. If a higher tax has been deducted, you can claim a tax refund while filing your returns. All salaried employees have to file their income tax returns by July 31, 2010. To do this, it is… Read More »