Thread Started by #kittu4_rhym@yahoo.in

I m a female working with a Limited co. My salary is 25, 000/- P.m., due to my savings my TDS deduction is not applicable, Now I want loan for that i need form 16, but my company denied to give. pls help
18th June 2013 From India, Delhi
Dear Madam,
By your query it indicates that your Yearly Gross Pay is Rs.3,00,000.00. Then your employer should issue the Form 16 to you. It is mandetory. In the form the Tax Liability will be "0". But you should get Form 16 in any case.
But in case your need to apply for any Bank Loan then submit last (latest) three Pay Slips to Financing Bank, they should accept the same as official document for your Income. For supporting to that you can show the Bank Statement also to check the corrosponding credit as per Salary Slip
Ramakant
19th June 2013 From India, Pune
Dear Madam,
As you indicated that your annual salary is Rs. 300000 ok you should be eligible for Form 16 from your employer if u have provided your PAN NO to employer and your employer has filed your details in the TDS return. If you have any query then please contact at the following information.
With Regards
CA Chandan Singh
+91-9818167585

26th June 2013
Dear Mam,
There is no requirement of Form.16 for applying of Loan from banks.I can also help you to get loan from bank without Form.16 as i practice in this field only.
With Regards,
C.A Ravi Kalathiya.
+91 80807 46035
24th July 2013 From India, Mumbai
If employer doesnot provide Form16, then they must provide IT Computauion sheet duly signed with Authority, which u can submit to fin.co.
25th July 2013
Hi, Convey same to the Bank and submit your last 3 pay slips and bank statement. I guess it would be suffice for their requirement to approve your loan request. Thanks/Shanu
6th August 2013 From India , Delhi
Hi
even though you are not coming under tax,you can ask employer for form 16.there are lot of companies are issuing form 16 even though they have not deducted.you have every right to ask form 16 for not paying tax
23rd November 2013 From India, Jammu
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