Hello All,
I had posted a similar query some time back, but I need more explanation.
I graduated in 2008 and joined a small organization. After 10-15 days, I got an offer from an MNC which included signing a bond. I still went to their office to complete joining formalities and, if possible, get a waiver on the bond. I completed joining formalities but did not get an appointment letter as I had not submitted a few documents. I was told that I would have to sign a bond anyway (but after 8-10 days) and wouldn't get a waiver on the bond amount.
So, I decided not to join the organization and informed my point of contact (I did not inform HR assuming my point of contact would do the needful). After a few months, the company called me and asked to pay some amount towards the shortfall of the notice period, or else they would not process my relieving letter.
This issue was resolved as I had not joined the company for a single day.
Now, they have sent me Form 16 as I was on their payroll for a few days before they closed this matter.
My question is, can I show this Form 16 along with my current employment Form 16? Also, do I need to worry about any such hassles in the future on this matter?
From India, Mumbai
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I had posted a similar query some time back, but I need more explanation.
I graduated in 2008 and joined a small organization. After 10-15 days, I got an offer from an MNC which included signing a bond. I still went to their office to complete joining formalities and, if possible, get a waiver on the bond. I completed joining formalities but did not get an appointment letter as I had not submitted a few documents. I was told that I would have to sign a bond anyway (but after 8-10 days) and wouldn't get a waiver on the bond amount.
So, I decided not to join the organization and informed my point of contact (I did not inform HR assuming my point of contact would do the needful). After a few months, the company called me and asked to pay some amount towards the shortfall of the notice period, or else they would not process my relieving letter.
This issue was resolved as I had not joined the company for a single day.
Now, they have sent me Form 16 as I was on their payroll for a few days before they closed this matter.
My question is, can I show this Form 16 along with my current employment Form 16? Also, do I need to worry about any such hassles in the future on this matter?
From India, Mumbai
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Hi,
It's interesting but at the same time agonizing. Please be focused before joining. Regarding Form 16, as the company has issued Form 16, the company must have deducted and paid tax on your behalf, or else they issue a tax declaration. Nowadays, the income tax department has a very easy system of tracking tax payments to your PAN number. If you don't show that income, then it will be tracked by the assessing officer. Thus, I recommend you to file your income tax along with the earlier company's income as well. But please check Form 16 whether the company has paid tax first.
Warm Regards,
Divya
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From India, Mumbai
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It's interesting but at the same time agonizing. Please be focused before joining. Regarding Form 16, as the company has issued Form 16, the company must have deducted and paid tax on your behalf, or else they issue a tax declaration. Nowadays, the income tax department has a very easy system of tracking tax payments to your PAN number. If you don't show that income, then it will be tracked by the assessing officer. Thus, I recommend you to file your income tax along with the earlier company's income as well. But please check Form 16 whether the company has paid tax first.
Warm Regards,
Divya
Join my SMS channel on income tax. It’s Free.
Send JOIN INCOMETAXONLINE to 9870807070
From India, Mumbai
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Dear,
You have not worked there for a single day and you have not received any payment, then how was tax deducted and why was Form 16 issued? There may be some clerical mistake.
Regards,
J. S. Malik
Hello All,
I had posted a similar query some time back, but I need more explanation. I graduated in 2008 and joined a small organization. After 10-15 days, I got an offer from an MNC, which included signing a bond. I still went to their office to complete joining formalities and, if possible, get a waiver on the bond. I completed the joining formalities but did not receive an appointment letter as I had not submitted a few documents. I was informed that I would have to sign a bond (but after 8-10 days) and would not get a waiver on the bond amount.
So, I decided not to join the organization and informed my point of contact (I did not inform HR assuming my point of contact would take care of it). After a few months, the company called me and asked me to pay some amount towards the shortfall of the notice period, or else they would not process my relieving letter. This issue was resolved as I had not joined the company for a single day.
Now they have sent me Form 16 as I was on their payroll for a few days before they closed this matter.
My question is, can I show this Form 16 along with my current employment Form 16? Also, do I need to worry about any such hassles in the future on this matter?
Thank you.
From India, Delhi
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174You have not worked there for a single day and you have not received any payment, then how was tax deducted and why was Form 16 issued? There may be some clerical mistake.
Regards,
J. S. Malik
Hello All,
I had posted a similar query some time back, but I need more explanation. I graduated in 2008 and joined a small organization. After 10-15 days, I got an offer from an MNC, which included signing a bond. I still went to their office to complete joining formalities and, if possible, get a waiver on the bond. I completed the joining formalities but did not receive an appointment letter as I had not submitted a few documents. I was informed that I would have to sign a bond (but after 8-10 days) and would not get a waiver on the bond amount.
So, I decided not to join the organization and informed my point of contact (I did not inform HR assuming my point of contact would take care of it). After a few months, the company called me and asked me to pay some amount towards the shortfall of the notice period, or else they would not process my relieving letter. This issue was resolved as I had not joined the company for a single day.
Now they have sent me Form 16 as I was on their payroll for a few days before they closed this matter.
My question is, can I show this Form 16 along with my current employment Form 16? Also, do I need to worry about any such hassles in the future on this matter?
Thank you.
From India, Delhi
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I have no idea why they issued Form 16. When I spoke to them, they said I was on their payroll since the day I completed joining formalities and was there for some 15 odd days before the matter was closed. Plus, they have already paid the tax and filed a return on my behalf. So, I think I need to file a return for both companies this time.
One more time, I am asking, can this pose a problem in the future with respect to any aspect?
From India, Mumbai
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One more time, I am asking, can this pose a problem in the future with respect to any aspect?
From India, Mumbai
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dear it will not be problem in future and while filing a return you can show this amount of tds in your account there is no problem absolutely. regards j s malik
From India, Delhi
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From India, Delhi
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Thank you very much, Mr. Malik and Divya.
I really appreciate your help. As you can see, I have just started my career in the industry and was really worried about this with regards to my current employment. I hope this matter will be closed once and for all after filing returns.
From India, Mumbai
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I really appreciate your help. As you can see, I have just started my career in the industry and was really worried about this with regards to my current employment. I hope this matter will be closed once and for all after filing returns.
From India, Mumbai
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Dear Malik Sir,
I have a doubt in this case; if he/she has not received an appointment order, then how will this person know his salary? Even if the company paid taxes on this person's behalf, on what grounds did they do so? Kindly clarify....
Thank you.
From India, Ernakulam
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I have a doubt in this case; if he/she has not received an appointment order, then how will this person know his salary? Even if the company paid taxes on this person's behalf, on what grounds did they do so? Kindly clarify....
Thank you.
From India, Ernakulam
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Dear Malik Sir,
I have a doubt in this case. If he/she has not received an appointment order, how will this person know his salary? Even if the company paid taxes on this person's behalf, on what grounds did they do so? Kindly clarify...
Thank you.
From India, Ernakulam
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I have a doubt in this case. If he/she has not received an appointment order, how will this person know his salary? Even if the company paid taxes on this person's behalf, on what grounds did they do so? Kindly clarify...
Thank you.
From India, Ernakulam
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Absolutely wrong feedback.
If you have not received your appointment letter and you didn't work in that organization, how can they issue a Form 16? It is the company's fault, and you can ask where is my salary on which they deducted tax. Either the company is making a fool of you. Please send a letter to the company stating that I had filled all formalities; however, I didn't work for a single day. This is a fake Form 16, and I can't accept this. Also, show about your working period while submitting your income tax return. It will be clear that you didn't work from the date to that duration.
Best Regards,
Sajid Ansari
Delhi
From India, Delhi
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If you have not received your appointment letter and you didn't work in that organization, how can they issue a Form 16? It is the company's fault, and you can ask where is my salary on which they deducted tax. Either the company is making a fool of you. Please send a letter to the company stating that I had filled all formalities; however, I didn't work for a single day. This is a fake Form 16, and I can't accept this. Also, show about your working period while submitting your income tax return. It will be clear that you didn't work from the date to that duration.
Best Regards,
Sajid Ansari
Delhi
From India, Delhi
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I had not received the appointment letter, but I had the offer letter with me. They have not credited the salary, neither have I received it. However, they have already filed the returns on my behalf. I guess I will have to file the returns now.
From India, Mumbai
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From India, Mumbai
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Dear Rajini,
It is a clerical mistake. In case there is any criminal or theft case registered in the company and you are accepting the Form 16 for your work at the company, then you are liable to provide an explanation in court if there is any hearing. Please do not choose the illegal route by accepting the Form 16; the company can rectify the mistake by submitting a revised return.
If you choose to fill it, it is your decision.
Best Regards,
Sajid Ansari - Delhi
From India, Delhi
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It is a clerical mistake. In case there is any criminal or theft case registered in the company and you are accepting the Form 16 for your work at the company, then you are liable to provide an explanation in court if there is any hearing. Please do not choose the illegal route by accepting the Form 16; the company can rectify the mistake by submitting a revised return.
If you choose to fill it, it is your decision.
Best Regards,
Sajid Ansari - Delhi
From India, Delhi
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Now that they have already filed returns on my behalf, i will need to file returns ,right? plus that income is not taxable, will it make any differnce?
From India, Mumbai
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From India, Mumbai
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Hello,
Could you please clarify what the amounts mentioned, if any, in the Form 16 represent? Since the number of days employed is zero, the salary for the period would be zero, and therefore, the tax deducted would also be zero. In this case, what material value does the Form 16 hold for which it has been issued and which needs to be reflected in the return? Please clarify.
PS
From India, Pune
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Could you please clarify what the amounts mentioned, if any, in the Form 16 represent? Since the number of days employed is zero, the salary for the period would be zero, and therefore, the tax deducted would also be zero. In this case, what material value does the Form 16 hold for which it has been issued and which needs to be reflected in the return? Please clarify.
PS
From India, Pune
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If you work a full-time and a part-time job, obviously you will get 2 Form 16s, and you can file both together on the www.myITreturn.com website. You can easily input the details and receive the e-acknowledgment within a day or two.
With warm regards,
S. Bhaskar
9908732667
From India, Kumbakonam
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With warm regards,
S. Bhaskar
9908732667
From India, Kumbakonam
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Dear [Recipient],
Could you clarify, I worked at one company from Apr '11 to Aug '11, then I joined another organization from Sep '11 to Mar '12. However, my existing company has not shown my HRA, Medical, and LTA in my records, even though I received them and have proof of the same. Consequently, these details are not reflected in my Form 16A, leading to an apparent tax liability of Rs. 8000. If I include these components, the actual payable amount would be only Rs. 3000.
Please advise on how to adjust this discrepancy and settle the balance tax amount promptly.
Your urgent assistance in this matter is greatly appreciated.
Thank you.
Best regards,
[Your Name]
From India, Calcutta
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Could you clarify, I worked at one company from Apr '11 to Aug '11, then I joined another organization from Sep '11 to Mar '12. However, my existing company has not shown my HRA, Medical, and LTA in my records, even though I received them and have proof of the same. Consequently, these details are not reflected in my Form 16A, leading to an apparent tax liability of Rs. 8000. If I include these components, the actual payable amount would be only Rs. 3000.
Please advise on how to adjust this discrepancy and settle the balance tax amount promptly.
Your urgent assistance in this matter is greatly appreciated.
Thank you.
Best regards,
[Your Name]
From India, Calcutta
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Please approach your HR/Accounts department. If you have made any expenses and obtained the receipts, prescription details for medical expenses, and HRA payment details (Rent Receipt along with the house owner's signature and PAN No details for HRA, Original Travel Tickets, and Boarding Pass for LTA), then these expenses can be excluded from your income.
From India, Kumbakonam
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From India, Kumbakonam
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Now, you need not worry about Form 16 as everything is now online, including your Form 16. Simply go to incometaxindia.gov.in and log in to your account. Download Form 26AS, which is a completely free service. It includes TDS information from both employers, and you can easily claim the whole TDS from both employers.
Please reply if you have any queries.
From India, Delhi
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Please reply if you have any queries.
From India, Delhi
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Income tax and form 16.xls