Form No 16 - No Salary

vikasnarangg
Hi
i am work in Pvt Ltd Company and i am getting salary in cash and i told my accountant to please issue my form no 16 but he will denied and not issue form 16 due to he says you are salary paid by cash you are not eligible for form 16, i am getting in hand salary 13500/- per month, please clear me...
Posted Today
deveshch
Hi Vikas,
Did you provide the any other income details to your employer if not according to me your hand salary should be more than 13500/- can you let me know your salary structure for more clearity......
Coming to your query cash payment of salary does not matter to issue form 16 if your case pertain to AY 2016-17 your employer was obliged to issue the form 16 till 30/5/2016 as your employer has not issued form 16 yet you may approach your range assessing officer of income tax along with the evidence of TDS deduction. the AO may impossed the penalty Rs. 100 per day under section 272A upon your employer for non issuance of TDS certificate within the prescribed due date,
Thanks & Regard
Devesh Chauhan
Practicing in Accounts, Finance, Taxation, Labour Laws
psdhingra
Salary in hand has no relevance for the income tax point of view. You have to state the gross total of salary for the year and the nature of deductions exempt from tax.
saswatabanerjee
IF your salary is Rs. 13500 per month, you are below the taxable limit and therefore no TDS would have been deducted from your salary. In view of the above, the company can not issue a Form 16 to you at all. It would be illegal.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute