The problem is that in form 16 part A, they only mentioned Q1 Q2 Q3 with payment of 4.5 lac and TDS of 3.5k and in part b my total salary is 6 lac, which includes my f&f paid in Apr`19 wants to explain my case. I left the company “w” on March 28, 2016, my complete and final for the 15-16 fiscal year was pending. In Form 16 fy 16-17, “w” company displays the amount credited to my pan number by “xyz”, but this amount will not be credited to my account. It`s possible. There is a tax liability for the same amount, but the “w” does not give this money and is also not willing to correct Form 16 I have a situation. So my employer withdrew a total of ₹62,729/- as TDS for F.Y 19-20. This is exactly the amount reflected on Form 16 Part A and Traces 26AS. However, in Form 16, Part B, the withholding tax was only indicated in the form ₹30100/-. Hi Gautham, Thank you for the wonderful article and clarifications. I think very few people would have that kind of clarity on the same thing. I needed advice on a single problem.
I mentioned the amounts in a rounded number to get the basic solution. I worked in company A from April to October (7 months = 2 quarters + 1 month) and in company B from November to March. When I switched to Company B, I did not give the details of the result in Company A. So what happened was that both companies gave the advantage of the whole section 80C. So I have to pay the remaining tax after the calculation. But the problem lies in Form 16 issued by Company A. The gross earnings per month in Company A were Rs 100000, and the tax deducted was Rs 10000 per month, so the sum should have been 7 Lakes and the tax deducted should have been Rs 70,000. However, in Form 16 (Part A) and Form 26 AS, income is reported as Rs 595000 (instead of 7lacs). In form 26 AS, it is given monthly, so it is mentioned as Rs 85000 every 7 months. The tax deducted indicates a fine in both cases.
I would have produced the tax as described above, but surprisingly in Part B of Form 16, the winnings are displayed as Rs 6,10,000!! (There is no logic) In short: Real gross earnings – Rs 7,00,000. Form 26AS – Rs 5,95,000 Form 16 Part A – Rs 595000 Form 16 Part B – Rs 6,10,000 To be honest, if Parts A and B had been consistent, I would have filed accordingly. But since there are differences, I`m skeptical. Will it be a problem if I file 16A Part A tax returns (equivalent to 26AS)? To what extent will control gross earnings be exercised? I don`t want to talk to Company A about a change. It receives Part B information from the employer when they submit a form called Form No. 24Q. Which ITRs will apply to state pensioners and when submitting the itr, how will the exemption for the elderly (exemeted Rs.300000) take? The pension will come in what head. The amount and tax deduction shown in Part A of Form 16 is less than the amount actually received in accordance with Part B of Form 16.
The tax is refundable, I can get a refund if I submitted it even after the due date of the bid. My case is that I am a government employee. My salery show in Form 16A is 489965 and in part “b” it shows 525000. So, after you, I should consider Form 16-b for itr. Even my 4 quarters TDS subtracted and show in 16A. I do not know how this difference occurs. In my opinion, I am taking 1.as TA (travel allowance) 2. Medical facilities (do these medical bill amounts add my salary??) 3. The government`s npS contribution will be added to my gross salary? .
Pls explain my doubts and clarify the different possibilities of wage differences. I look forward to your answer, sir. It will have to be filled out soon. Sir, I received this 90% warning message when submitting. I know our tds ranking consultants made a typo. This is not my mistake, the amount shown in Part B is the correct amount. But I can`t click OK on the msg warning. In fact, the warning msg I received is not as your blog shows. What can I do now? Part A of Form 16 provides details on the quarterly information on the TDS deducted and filed on the employer`s NAP and TAN and other information.
An employer can generate and download this part of Form 16 via the TRACES portal (www.tdscpc.gov.in/app/login.xhtml). Before issuing the certificate, the employer must certify its contents. It is important to note that if you change jobs during a fiscal year, each employer will issue a separate Part A of Form 16 for the duration of the employment. Some of the components of Part A include: Do I need to ask my employer to correct Form B or simply submit a return and receive a refund? If I submit returns without correcting Form 16 Part B, any problems will be reported to me in the future???? You can use the income and SST data on Forms 16 and 16A to file your tax return and calculate and pay your taxes. In 2013, the Income Tax Service recorded a new format, consisting of Part A and Part B, for Form 16. As you know, Part A comes from the traces site, while Part B is created by the employer. .
