Clarifications regarding use of Form No. 16 for pensioners where pensioners are drawing their pensions through banks
Circular : No. 761, dated 13-1-1998.
1. The attention of the Board has been drawn to certain difficulties being faced by pensioners drawing their pensions through banks where the tax deduction at source certificate in the prescribed Form No. 16 is some-time denied to them on the ground that no employee-employer relationship exists between the banks and the pensioner.