Providing Form 16 to all Pensioners and Family Pensioners
Central Pension Accounting Office: All the Authorised Banks are hereby directed to comply with the provisions of the Scheme Booklet and issue Form 16 to all pensioners and family pensioners to enable them to file their Income tax Returns. [Click to view the PDF]
CBDT Notification 2019 – Important Amendment in Form 16
CBDT Notification 2019 – Important Amendment in Form 16 CBDT Notification No.36/2019 Dt. 12.4.2019 – Important Amendment in Form 16 and Form No. 24Q Notification No.36/2019 Amendment of Form No. 16 and Form No. 24Q MINISTRY OF FINANCE (Department of … [Read more…]
Extension of Due Date of Deposit of TDS and issue of Form 16 & 16A – CBDT
Extension of Due Date of Deposit of TDS and issue of Form 16 & 16A – CBDT Extension of Due Date of Deposit of TDS and issue of Form 16 & 16A in respect of deductors of the state of Odisha – CBDT Notification F.No.275/38/2017-IT(B) Government … [Read more…]
PM Care Fund Donation indicates in Form 16 under section 80G – CBDT Order
The Department of Revenue has notified through an order that the contributions made to the Fund are in the form of a consolidated payment. The deduction in respect of such donations as indicated above will be admissible u/s 80G of the Act on the basis of Form 16 (Form 16 Certificate). [Click to read more]
How to register with SBI Seva?
All Central Government pensioners can now check pension profile, arrears calculation, and life certificate details instantly.
The State Bank of India has initiated to commence a website for Central Government Pensioners to know all details of pension details and download pension slips, arrears statements and form 16. Every pensioner can check all information about Pension, Arrear Calculation, Profile, Investment, Life Certificate, and Transaction details in their home itself. Pensioners can now get their pension details from their mobile phones itself through SMS. Every month pensioners will get detailed information on pension slips to their registered email. [Click to read more]
Pension Slip for Central Government Pensioners – Word and PDF Format
What is the pension slip?
A pension slip contains details of pension payment credited to a savings or current account held by a pensioner
Pension Slip Download – Word Format
Pension Slip Download – PDF Format
Form No. 16 for Pensioners: Issue Certificate of Tax Deducted in Form 16 to the Pensioners
Clarifications regarding use of Form No. 16 for pensioners where pensioners are drawing their pensions through banks – CBDT Circular No.761, dated 13.1.1998
1184. Clarifications regarding the use of Form No. 16 for pensioners where pensioners are drawing their pensions through banks
1. The attention of the Board has been drawn to certain difficulties being faced by pensioners drawing their pensions through banks where the tax deduction at source certificate in the prescribed Form No. 16 is
some-time denied to them on the ground that no employee-employer relationship exists between the banks and the pensioner. At times, objections have also been raised by the banks on the premise that Form No. 16 relates to deductions from salaries and not from pensions. In other cases, the certificates have been denied on the ground that the bank was not aware of any other income which the pensioner may have had.
2. The matter has been considered by the Board. It is hereby clarified that:
(a) as per section 17(1)(ii) of the Income-tax Act, 1961, the term ‘salary’ includes pension;
(b) once the tax has been deducted under section 192 of the Income-tax Act, 1961, the tax-deductor is bound by section 203 to issue the certificate of tax deducted in Form 16. No employee-employer relationship is necessary for this purpose;
(c) the certificate in Form No. 16 cannot be denied on the ground that the tax deductor is unaware of the payees’ other income.
3. These clarifications may be brought to the notice of all concerned, especially the banks in your region.
Circular: No. 761, dated 13-1-1998
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