New format for form 16 by the employer
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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 the 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)
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Details of Salary Paid and any other income and tax deduction |
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1 |
Gross Salary |
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(a) |
Salary as per provision container in section 17(1) |
Rs… |
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(b) |
Value of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) |
Rs… |
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c) |
Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable) |
Rs… |
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(d) |
Total |
Rs… |
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(e) |
Reported total amount of salary received from other employer(s) |
Rs… |
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2 |
Less: Allowances to the extent exempt under section 10 |
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(a) |
Travel concession or assistance under section 10(5) |
Rs… |
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(b) |
Death-cum-retirement gratuity under section 10(10) |
Rs… |
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c) |
Commuted value of leave salary encashment under section 10(10A) |
Rs… |
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(d) |
Cash equivalent of leave salary encashment under section 10 (10AA) |
Rs… |
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(e) |
House rent allowance under section 10(13A) |
Rs… |
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(f) |
Amount of any other exemption under section 10 |
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(g) |
Total amount of any other exemption under section 10 |
Rs… |
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(h) |
Total amount of exemption claimed under section 10 [2(a)+2(b)+2c)+2(d)+2(e)+2(g) |
Rs… |
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3 |
Total amount of salary received from current employer [1(d)-2(h)] |
Rs… |
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4 |
Less: Deductions under section 16 |
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(a) |
Standard deduction under section 16(ia) |
Rs… |
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(b) |
Entertainment allowance under section 16(ii) |
Rs… |
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c) |
Tax on employment under section 13(iii) |
Rs… |
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5 |
Total amount of deductions under section 16[4(a)+4(b)+4c)] |
Rs… |
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6 |
Income chargeable under the head “Salaries” [(3+1(e)-5] |
Rs… |
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7 |
Add: Any other income reported by the employee under as per section 192(2B) |
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(a) |
Income( or admissible loss) from house property reported by employee offered for TDS |
Rs… |
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(b) |
Income under the head other sources offered for TDS |
Rs… |
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8 |
The total amount of other income reported by the employee [7(a)+7(b)] |
Rs… |
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9 |
Gross total income (6+8) |
Rs… |
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10 |
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