What is form 16 ? - OpenMeans

What is form 16 ?

by Santosh Kumar Singh in General Discussions

Santosh Kumar Singh

872 7.54k 86.3k

13 years ago

What is form 16 ?

Santosh Kumar Singh

http://experienceofknowledge.blogspot.com/

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vidhimayur

6 831 5.29k

13 years ago

#162652

form 16 is used in income tax returns. deductions that are to be made are mentioned under form 16.

Sasikanth

751 10.8k 86.6k

13 years ago

#162812

Oh i dont know about the form 16.

For whom it is applicable.

Earn money just for joining in this site.

http://www.money-friends.net/users/profile/en/155119.html

Abid Areacode

685 10.2k 65.9k

13 years ago

#162870

It is the tax return form.Income tax returns are to be submitted in this.

Visit my blogs:

http://abidareacode.blogspot.com

Kalyani Nandurkar

258 14.6k 108.2k

13 years ago

#162907

Form 16 is the certificate issued to you by your employer which has all the details of salary you have earned and the tax deducted on your behalf and paid to the government. This form is very important and a must while filing tax returns.

Ideally, you should get your copy of the Form 16 by the end of April. I hope this information is helpful to you.

"I am free of all prejudice. I hate everyone equally."
- W. C. Fields :)

Santosh Kumar Singh

872 7.54k 86.3k

13 years ago

#162951

Dear friends

Thanks for sharing your views on form 16 but is it compulsary to fill every year for all employee for tax return.

Santosh Kumar Singh

http://experienceofknowledge.blogspot.com/

sarala

384 12.8k 85k

13 years ago

#162960

Even I also don't know about it, but i heard about it. thank you for your explanations friends

Slow and Steady Wins the Race.

RAM PROSAD ACHARYYA

320 9.77k 72.2k

13 years ago

#162994

Thanks you all for giving a lot information about form 16.Who is tax payer can give the return in form 16.

www.mobileeduhut.blogspot.in

deepak

136 1.79k 13.4k

13 years ago

#163011

Dear friends

Thanks for sharing your views on form 16 but is it compulsary to fill every year for all employee for tax return.

i think any person earning above the stipulated amount per year is supposed to file his returns compulsively.

Kalyani Nandurkar

258 14.6k 108.2k

13 years ago

#163340

[quote]Dear friends

Thanks for sharing your views on form 16 but is it compulsary to fill every year for all employee for tax return. [/quote]

Santosh it is compulsory for every person to file his income tax returns every year. If you are an employee of a software company, this is usually taken care of by the company-attached CA firm, at least where I used to work, it was taken care of by our company's CAs, we only had to fill out the prescribed form given to us.

You will actually pay taxes only if your earnings are above the exemption limits.

"I am free of all prejudice. I hate everyone equally."
- W. C. Fields :)

sarala

384 12.8k 85k

13 years ago

#163346

Form 16 is mostly used for the job holders. especially while they changing their job

Slow and Steady Wins the Race.

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