This is now last hours remaining to submitting Annual TDS Return i.e. Q4. Due date for submitting of TDS Return (24Q in Q4) is 15.05.2014 for Asstt. Year 2014-15. It is time to submit TDS return (24Q) and issue of Form 16. Last date to issue of TDS Certificate is 31.05.2014 for Fin. Year 2013-14 otherwise Income Tax department charge late Fee/penalty/interest on submitting late Tds Return, therefore deductor should submit his TDS return in time and issue TDS Certificate i.e. Form 16 for Salaried Employee.
The Employer has to file the e-TDS return in Form-24Q for each quarter and after last Quarter Employer issue the Form 16 to their Employee even if no TDS Deduct from his salary.
CBDT has changed the Form 16 Format which is applicable for "Salaried Employee". In this new format there are two parts i.e. Part "A" and Part "B", Parts "A" is mandatory for Government Employee except other Employee. The part "A: is download from Income Tax TRACES Portal and another is Part "B", TDS Deductor can be prepare manually.
The Employer has to file the e-TDS return in Form-24Q for each quarter and after last Quarter Employer issue the Form 16 to their Employee even if no TDS Deduct from his salary.
CBDT has changed the Form 16 Format which is applicable for "Salaried Employee". In this new format there are two parts i.e. Part "A" and Part "B", Parts "A" is mandatory for Government Employee except other Employee. The part "A: is download from Income Tax TRACES Portal and another is Part "B", TDS Deductor can be prepare manually.
In the Part "A" of new Form 16, have details of Deduction and Deposit of Tax in to the Central Govt. and in the Part "B" of Form 16 details contains of employees Salary. Latest updated 1.4 Ver. for Form 16 (TDS Certificate for Salaried Employee) is now available as per amendments of CBDT with key features of Tax Calculation, Form-16, Month-wise Salary Statement with admissible deductions etc. for the Fin. Year 2013-14 and Asstt. Year 2014-15.
Download New Ver. 1.4 (Form 16) Software
