financial services · Income Tax

New format of Form 16 for the Assessment Year 2019-20

The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for… Continue reading New format of Form 16 for the Assessment Year 2019-20