Archived; click post to view. Excerpt: Form 16 is the prescribed form for tax deducted at source from salary by an employer. There is confusion regarding the issue of TDS certificate in case where salary is not taxable. Tushar Singh of New Delhi asks ”in my last company my income was not taxable. Am i [...]
Full Story »Is employer bound to issue Form 16 to every employees ?
Are employers under statutory obligation to collect evidence of expenditure on LTC or conveyance allowance?
Archived; click post to view. Excerpt: Leave travel concession or conveyance allowance are part of salary and exemption u/s 10(5) of the I t Act is also allowed to employee. A question arises regarding the responsibility of the employer about tream ment of these payment under I T Act for TDS purpose and whether for [...]
Full Story »Is Shifting Charge & Temporary Accommodation Taxable Perquisite?
When I joined my present company in June 2009, I was paid a shifting charge of Rs. 30,000 and temporary accommodation (hotel) charge of Rs. 21,000. However the company has added those to expenses to my income and already deducted taxes. If I want to reduce these charges from my income (as these were expenses
Full Story »
