Download Automated Master of Form 16 Part B with Form 12 BA FY 2016-17 [ This Excel Utility can prepare at a time 50 employees Form 16 Part B with 12 BA for Financial Year 2016-17]
For the person earning income from Salary , documents Form 16, and Form12BA
are provided by an employer which has details about his salary,
perquisites and tax deducted at source(TDS) by his employer.Looked into
details of Form 16. Form 12BA give details of Perquisites given
by the employer to the employee had looked into what are perquisites,
what income tax laws apply to it, about the valuation of perquisites and
the taxation with an example, which perquisites are exempted from
tax, Difference between Perquisite, Allowance, and Fringe benefit. In
this article, we shall see how Form 12BA shows the information about perquisites.
Form 12BA
Form 12BA is
a statement showing particulars of perquisites, other fringe benefits
or amenities, and profits in lieu of salary with value thereof.
Form
No. 12BA, if the amount of salary paid or payable to the employee is
more than one lakh and fifty thousand rupees, which shall accompany the
return of income of the employee. [Explanation : “Salary” for the
purposes of this rule shall have the same meaning as given in rule 3.]
Note:The limit has changed to one lakh and eight thousand (1,80,000) by circular in 2011.
