Income Tax (3rd Amendment) Rules, 2019[Income Tax Form No. 16] – Notification
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 12th April, 2019
G.S.R. 304(E).-In exercise of powers conferred by sections 200 and 203 read with section 295 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement
(1) These rules may be called the Income-tax (3rd Amendment) Rules, 2019.
(2) They shall come into force on 12th day of May, 2019.
2. In the Income-tax Rules, 1962, in Appendix II–
(A) in Form No. 16,–
(i) the “Notes” occurring after “Part A” shall be omitted;
(ii) for “Part B (Annexure), the following shall be substituted, namely:–
“Part B (Annexure)
| Details of Salary Paid and any other income and tax deducted | |||||
| 1 | Gross Salary | ||||
| (a) | Salary as per provisions contained in section 17(1) | Rs. … | |||
| (b) | Value of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) | Rs. … | |||
| (c) | Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable) | Rs. … | |||
| (d) | Total | Rs. … | |||
| (e) | Reported total amount of salary received from other employer(s) | Rs. … | |||
| 2 | Less: Allowances to the extent exempt under section 10 | ||||
| (a) | Travel concession or assistance under section 10(5) | Rs. … | |||
| (b) | Death-cum-retirement gratuity under section 10(10) | Rs. … | |||
| (c) | Commuted value of pension under section 10(10A) | Rs. … | |||
| (d) | Cash equivalent of leave salary encashment under section 10(10AA) | Rs. … | |||
| (e) | House rent allowance under section 10(13A) | Rs. … | |||
| (f) | Amount of any other exemption under section 10 | ||||
| clause … | Rs. … | ||||
| clause … | Rs. … | ||||
| clause … | Rs. … | ||||
| clause … | Rs. … | ||||
| clause … | Rs. … | ||||
| … | Rs. … | ||||
| (g) | Total amount of any other exemption under section 10 | Rs. … | |||
| (h) | Total amount of exemption claimed under section 10 [2(a)+2(b)+2(c)+2(d)+2(e)+2(g)] | Rs. … | |||
| 3 | Total amount of salary received from current employer [1(d)-2(h)] | Rs. … | |||
| 4 | Less: Deductions under section 16 | ||||
| (a) | Standard deduction under section 16(ia) | Rs. … | |||
| (b) | Entertainment allowance under section 16(ii) | Rs. … | |||
| (c) | Tax on employment under section 16(iii) | Rs. … | |||
| 5 | Total amount of deductions under section 16 [4(a)+4(b)+4(c)] | Rs. … | |||
| 6 | Income chargeable under the head “Salaries” [(3+1(e)-5] | Rs. … | |||
| 7 | Add: Any other income reported by the employee under as per section 192 (2B) | ||||
| (a) | Income (or admissible loss) from house property reported by employee offered for TDS | Rs. … | |||
| (b) | Income under the head Other Sources offered for TDS | Rs. … | |||
| 8 | Total amount of other income reported by the employee [7(a)+7(b)] | Rs. … | |||
| 9 | Gross total income (6+8) | Rs. … | |||
| 10 | Deductions under Chapter VI-A | ||||
| Gross Amount | Deductible Amount | ||||
| (a) | Deduction in respect of life insurance premia, contributions to provident fund etc. under section 80C | Rs. … | Rs. … | ||
| (b) | Deduction in respect of contribution to certain pension funds under section 80CCC | Rs. … | Rs. … | ||
| (c) | Deduction in respect of contribution by taxpayer to pension scheme under section 80CCD (1) | Rs. … | Rs. … | ||
| (d) | Total deduction under section 80C, 80CCC and 80CCD(1) | Rs. … | Rs. … | ||
| (e) | Deductions in respect of amount paid/deposited to notified pension scheme under section 80CCD (1B) | Rs. … | Rs. … | ||
| (f) | Deduction in respect of contribution by Employer to pension scheme under section 80CCD (2) | Rs. … | Rs. … | ||
| (g) | Deduction in respect of health insurance premia under section 80D | Rs. … | Rs. … | ||
| (h) | Deduction in respect of interest on loan taken for higher education under section 80E | Rs. … | Rs. … | ||
| Gross Amount | Qualifying Amount | Deductible Amount | |||
| (i) | Total Deduction in respect of donations to certain funds, charitable institutions, etc. under section 80G | Rs. … | Rs. … | Rs. … | |
| (j) | Deduction in respect of interest on deposits in savings account under section 80TTA | Rs. … | Rs. … | Rs. … | |
| (k) | Amount deductible under any other provision(s) of Chapter VI‐A | ||||
| section … | Rs. … | Rs. … | Rs. … | ||
| section … | Rs. … | Rs. … | Rs. … | ||
| section … | Rs. … | Rs. … | Rs. … | ||
| section … | Rs. … | Rs. … | Rs. … | ||
| section … | Rs. … | Rs. … | Rs. … | ||
| section … | Rs. … | Rs. … | Rs. … | ||
| … | Rs. … | Rs. … | Rs. … | ||
| (l) | Total of amount deductible under any other provision(s) of Chapter VI‐A | Rs. … | Rs. … | Rs. … | |
| 11 | Aggregate of deductible amount under Chapter VI-A [10(a)+10(b)+10(c)+10(d)+10(e)+10(f)+10(g)+10(h)+10(i) 10(j)+10(l)] | Rs. … | |||
| 12 | Total taxable income (9-11) | Rs. … | |||
| 13 | Tax on total income | Rs. … | |||
| 14 | Rebate under section 87A, if applicable | Rs. … | |||
| 15 | Surcharge, wherever applicable | Rs. … | |||
| 16 | Health and education cess | Rs. … | |||
| 17 | Tax payable (13+15+16-14) | Rs. … | |||
| 18 | Less: Relief under section 89 (attach details) | Rs. … | |||
| 19 | Net tax payable (17-18) | Rs. … | |||
|
Verification |
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I, …………………………….., son/daughter of ……………………………………….working in the capacity of .……………………………… (designation) do hereby certify that the information given above is true, complete and correct and is based on the books of account, documents, TDS statements, and other available records. |
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| Place………………………………… | (Signature of person responsible for deduction of tax) | ||||
| Date……………………………….… | Full Name : …………………………… | ||||
Notes:
1. Government deductors to fill information in item I of Part A if tax is paid without production of an income-tax challan and in item II of Part A if tax is paid accompanied by an income-tax challan.
2. Non-Government deductors to fill information in item II of Part A.
3. The deductor shall furnish the address of the Commissioner of Income-tax (TDS) having jurisdiction as regards TDS statements of the assessee.
4. If an assessee is employed under one employer only during the year, certificate in Form No. 16 issued for the quarter ending on 31st March of the financial year shall contain the details of tax deducted and deposited for all the quarters of the financial year.
5. (i) If an assessee is employed under more than one employer during the year, each of the employers shall issue Part A of the certificate in Form No. 16 pertaining to the period for which such assessee was employed with each of the employers.
(ii) Part B (Annexure) of the certificate in Form No.16 may be issued by each of the employers or the last employer at the option of the assessee.
6. In Part A, in items I and II, in the column for tax deposited in respect of deductee, furnish total amount of tax, surcharge and health and education cess.
7. Deductor shall duly fill details, where available, in item numbers 2(f) and 10(k) before furnishing of Part B (Annexure) to the employee.”;
(B) in Form No. 24Q, for “Annexure II”, the following “Annexure” shall be substituted, namely:–
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“Annexure II
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Details of salary paid or credited during the financial year ……………….and net tax payable
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| Serial number. | Permanent Account Number of the employee. | Name of the employee. | Deductee type (Senior Citizen, Super Senior Citizen, Others). | Date from and date up to employed with current employer in the current financial year (dd/mm/yyyy). | Gross Salary as per provisions contained in section 17(1). | Value of perquisites under section 17(2) | Profits in lieu of salary under section 17(3) (as per Form No.12BA, | Total amount of gross salary received from current employer (see Note 1 for definition of Salary). |
| (as per FormNo.12BA, wherever applicable). | wherever applicable). | |||||||
|
-330
|
-331
|
-332
|
-333
|
-334
|
-335
|
-336
|
-337
|
-338
|
| Reported total amount of salary received from other employer(s) (see Note 1 for definition of Salary). | Travel conces- sion or assistance under section 10(5). | Death- cum- retireme nt gratuity under section 10(10). | Commuted value of pension under section 10(10A). | Cash equiva- lent of leave salary encash- ment under section 10 (10AA). | House rent allowance under section 10(13A). | PAN of landlord, if exemption is claimed under section 10(13A) (see Note 3). | Amount of any other exemption under section 10. | Total amount of exemption claimed under section 10 (340+341+3 42+343+34 4+346). | Total deducti on under section 16(ia). |
|
-339
|
-340
|
-341
|
-342
|
-343
|
-344
|
-345
|
-346
|
-347
|
-348
|
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