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Many banks accept the Form 16 to verify a persons proof of income in order to grant Personal Loans. You can also use your payslip or bank statement
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Where do you submit form 16 in Hyderabad?
hi Im in hyderabad.Where do I submit form 16 regarding the Incometax here?
How do you get car loan if we doesn't have form 16?
GO for personal loan
Can form 16 be issued if there is no tax deducted?
No. If the employer does not deduct any tax from your salary, they will not issue a form 16
Is form-16 and ITR1 both are same?
No. Form 16 is something your employer gives you. ITR1 is the document you submit the income tax department to file your tax returns
What is a Form 16 used for in regards to taxes?
Used in the country of India for taxation purposes, a Form 16 is designed to be used when an employee is on salary. Certain details like salary income, taxes deducted by the employer, and taxes paid by the employer are included on the form.
I received Form 16 from my company but lost the form Now I need to submit Form 16 from last 2 years to get an automobile financed How can I get copies of Form 16?
You should be able to contact the Human Resources department of the company and ask for replacement copies.
You are a Central Govt employee whose salary income is not taxable Can you get form 16 from the employer?
no
How can you submit Form 16 online to your India tax forms?
Form 16 is Certificate under Section 203 of the Income-Tax Act, 1961 for Tax Deducted at Source on Salary. Form 16 is a certificate that your employer gives you as proof that tax was deducted at source from your income during the year.As of July 2008, even if you're filing electronically, you no longer need to attach Form 16 to your tax return. The Central Board of Direct Taxes requires only Trusts to attach Form 16 to their return (Form ITR-7).The Central Board now maintains an online Tax Deducted at Source account for each taxpayer.
What if company does not provide form 16?
You can contact your regional Income Tax Office and raise a formal complaint. Every organization that pays a salary and deducts TDS is supposed to provide the Form 16 to its employees. However, if the company does not deduct TDS, they will only give you a Salary Certificate explaining the salary you earned.
Can you get a loan if I am 16?
No
What is the salary grade of engineer 2 in the government?
Salary Grade 16
Who is eligible for form 16?
Every person who is working for a company that pays salary and deducts TDS is eligible to get a form 16 from his/her employerWhat is this Form 16?It is certificate issued by the employer to employee stating the details of income earned and the tax deducted on his behalf and paid to the government. Every employee who is subjected to TDS is supposed to receive their Form 16 from his/her employers. As per the government regulations, there are certain deadlines by which you must receive your Form 16 but in many cases employers don't hand out the form 16's on time. Nonetheless, as long as we get the form 16 at least a month before the tax-filing deadline, we must be good.
