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Form 16
Susan
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Posted 09-02-2012Reply

Hi,



I need some information as far as form 16 goes, as financial year is goin to end.



1) whoes responsobility to issue form -16

2) what is the role of HR in it.

3) Idealy form 16 should be given by April 30, 2012 to all emplyee's anyother information if the existing Hr professionals can share in this forum.plz do

Himanshu
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  Rated 0 | Posted 10-02-2012

Hi,
1. Ideally Accounts department is responsible for drafting & updating Form -16 for the employees.
2. Role of HR is to provide inputs to Accounts team, unless the HR is sound enough in this process.
3. HR has to incorporate & verify the details mentioned by the employees & made the employees understand all the compliances related to FORM 16. Form 16Will be disbursed only after Apr 30.

Hope this will help you in some extent to understand basically the Form 16 procedure.

Susan
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  Rated 0 | Posted 10-02-2012

Thanks himanshu. My main doubt is clarified.

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