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What is form 12B used for?

It is a detailed statement of perquisites. Employees provide Form 12B to their new employer to join the new job in the middle of a fiscal year. Employers issue this Form to their employees along with Form 16. This Form contains details like \u2013 income from salary, TDS deductions, etc.

What is form 12B of income tax?

Form for furnishing details of income under section 192(2) for the year ending 31st March, Name and address of the employee. Permanent Account Number or Aadhaar Number. . Residential status.

How can I get Form 12B from income tax in India?

For Form 12BA, you can download it from the official website of the Income Tax Department of India - incometaxindia.gov.in. It is available in a pdf format which has to be printed, duly filled with all the details and then submitted to your current employer.

What is 12C form?

Form 12C was a document given by the Income Tax Department. Form 12C was the working sheet for income tax rebate for housing loans. Under Section 192 (2B), it was counted as income tax exemption).

Is form 12B and form 16 same?

Q - Is Form 16 and Form 12BA same? Form 12BA is an annexure to Form 16. Form 12BA contains details of the value of perks, and Form 16 contains the detail of the entire salary breakup, tax deduction and deposition details with the government.

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What if Form 12B is not submitted?

If you do not submit Form 12B, you will end up receiving Form 16 twice and will have to consolidate the two yourself.

What is 12B of tax form?

It is a statement of income from salary. It is a detailed statement of perquisites. Employees provide Form 12B to their new employer to join the new job in the middle of a fiscal year. Employers issue this Form to their employees along with Form 16.

How can I get Form 12b from income tax in India?

For Form 12BA, you can download it from the official website of the Income Tax Department of India - incometaxindia.gov.in. It is available in a pdf format which has to be printed, duly filled with all the details and then submitted to your current employer.

Is it compulsory to fill form 12B?

The Rule 26A lays down the requirement for filling of Form 12B under the Income Tax Act 1961. The form's main purpose is to provide information about the individual's previous employer's income. It is a detailed statement of income from salary. Furnishing of form 12B is optional.

What is Form 12b in India?

Form for furnishing details of income under section 192(2) for the year ending 31st March, Name and address of the employee. Permanent Account Number or Aadhaar Number. .

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