The scheme is optional and provides an additional mode of furnishing returns of income by persons deriving income from salaries. An eligible employee (having gross salary upto Rs 1,80,000) may at his option furnish his return through he employer under the Scheme, as follows:
- On receipt of TDS in Form 16AA
from the employer, he shall verify the information given and furnish the same after signing and verifying to the employer before the due date. - On receipt of the duly signed and verified Form 16 AA, the employer shall furnish the return of i9ncome to the income tax department and receive an acknowledgment.
- The employer shall ensure that the return is furnished before the due date and distribute the acknowledgment to the respective eligible employees and the date on which the employer furnished the return shall be treated as the date of filing of return by the eligible employee.”
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