But my gross pay shows completely. What do I do in this case?

Product Manager

If you’ve availed for the flexi benefit in any category, that amount gets reduced from your gross pay and automatically the tds is recomputed  which adjusts for your tax benefit

Software Developer

Hi My company has Flexi Benefit and it is shown in Payslip top. But I don't see it explicitly mentioned in Form16.  How do I claim that while filing taxes?

Hi
My company has Flexi Benefit and it is shown in Payslip top. But I don't see it explicitly mentioned in Form-16.

How do I claim that while filing taxes?

Flexi Benefit

Flexi Benefit- Grapevine

Welcome to Personal Finance's Private Community

A lot of my friends have opted for FBP benefits and they product bills for Car lease, driver’s salary, vehicle maintenance, etc which are not genuine. 
How safe it is? Request some insights here please. Because this FBP seems to help employees save significant taxes.

Flexi Benefit Plans or reimbursements

Hi Peeps,

Recently came into Income Tax bracket. I work on contractual basis and only TDS is deducted. Where can I get form 16 from?

In my previous organization, the company used to give along with pay slip but in my current one, there is no form 16 attached with payslip.

Please help.

HOW TO GET FORM 16 IF YOUR EMPLOYER DOESNT GIVE

Data Analyst

Hi all,

I had joined Mphasis and just only attended virtual on boarding and left the job as they fell back on promise they made. I had not received any salary for that. Just before tax paying date, I received form 16 saying I was paid salary and had to pay tax on that. In reality I never received any money from them. I mailed to HR help desk multiple times, I never received any resolution. What should be my next step.

I have been issued form 16A from mphasis without actually receiving salary.

Digital Marketer

Hi, experts 
I was filing itr, so needed help, I started my job from May 2022, but before that I did an internship where I got salary credited to my account , it was around 1500 for one month (March) for this assessment year and also they did deduct a tds of around 300 rupees which I can see on my itr home page . So should I include those amount in my gross income while filing tds ( I have only included my current gross salary) ?

Need help for ITR

Computer scientist

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.

Income- tax Return

Welcome to Indian Startups's Private Community

My employer is refusing to give form 16.And I want to sue them? where to file the complaint?

Where to file complaint if employer refused to give form 16?

How to check if we are eligible for tax returns?

Consultant

It was a mistake that I selected the new regime thinking that it would be easy to switch back to old one during ITR Filing, but now I do not have proofs such as the premium amount paid (for parental and self insurance taken from company), sodexo vouchers received, since nothing is mentioned in the Form 16. Is my salary slip enough for showing as proof if I receive a notice, or is it necessary to have separate receipts for these deductions that I will be claiming? Anyone else in a similar condition as I am, please share your experience.

ITR Filing hassles

I joined a company in a business/product role last October, realised it is not at all what i was told in terms of culture and expected work( detailed reason not important to the advice I need). Basic training was going on and i resigned in 13 days. It was an amicable resignation with my hiring manager(great guy btw) and org boss. HR said we will not pay you a salary as to adjust against  waiving off of notice period and stuff. I felt at that time it is ok as I did not wanted to serve the notice period(what is the point anyways). I also felt it is not justified to take that salary and wanted to quickly move to next steps. No money hits my bank account from the company as of writing this post.

Cut to this year June, I see an information mentioning a salary being paid to me for that October month while going through my TIS and AIS forms on ITR portal.
I reached out to the company as to clarify this.
I wanted them to provide me with a salary slip and form 16 at least if after all they are saying a salary is paid. 
They are not providing that saying it is adjusted.
I have a few questions here.

1. If a salary(more than 80k)  is mentioned in my tax(even it was so called adjusted), I must be provided with a salary slip right?
2. Am I missing something and am I in the wrong here?
3. What should be my next steps, I don’t want that  salary but shouldn’t they provide the salary slip and form 16 if it mentions it on my tax documents?

I did not wanted them on my employment history hence wanted no such hassle and here we are.
Need some inputs from people who understand these things. HRs or any other folks in the know.

Need advise/help.

I had taken up a 5 year tax saver FD in previous financial year. Due to some weird reason, my company had rejected it and this investment under 80C does not reflect in Form 16. 
Now while filing ITR, should I add this amount of FD under 80C?

ITR1 help needed

Software Engineer

I got to know that i paid extra tax as I made mistake while filing my investments / leave encashment 2 yrs back. Is there a provision to recover / claim for extra tax paid before? Kindly help me 🙂

Recover extra income tax paid 2 yrs back

Welcome to Office Gossip's Private Community

In our salary we have a flexi pay component which is credited back once we submit bills for the same amount. I’ve seen people create fake bills and claim the amount. What is the scene in your company?

Fake bills for flexi pay

I myself work for a game dev company from 5years.

After gaining experience I finally started working on creating my game,
 in the beginning it was just 2 man work.
 over time I needed to make the team bigger and within 2 months it became an ambitious project.

I now have 12 employees(most of them are my friends hence I am not having to pay a lot) 
For some of them , it's full time , and for rest it's their 2nd job.
I pay directly from my savings account.

Dunno why, I registered for Pvt Ltd on my parents name(I can't register on my name since I already work somewhere else)and soon getting it registered as a startup.

Since I am compleyely unaware of all these things,
What to avoid in the beginning?
I am about to get a CA
Also I am planning not to add employees under the name of the company for now until the game is released

Additionally,
What benifits(general/easy) can I get for being startup ?
I am also planning to sign up for AWS/GCLOUD startup program so that server cost can be reduced.

Any more info that I should be aware of?

I am registering for a startup, no pre-idea, suggestions on what to avoid , and how to get benefited?

Video Game Developer

Warning: This is a lengthy post. 

Filed some salaried ITRs during this tax period. Following are some of the common mistakes which can be avoided

1. If you have changed jobs ensure that income from previous job is disclosed to the current employer and TDS gets deducted correctly. One basic check you can do is the TDS deductions made by new employer should not be lesser than monthly deductions done by your previous employer unless you have lower CTC compared to your previous job or have additional deductions.

2. During Feb/March take your bank statement, trading account statement and declare the income from capital gains, dividends and interest to your employer, so TDS can be deducted accordingly. Helps in avoiding surprise cash outflow in July and saves from paying interest @ 1% per month on this tax

3. If you have ESOPs/RSU from Foreign Companies this should be disclosed in Foreign Assets and liabilities schedule. Some employers would have opened bank accounts in that country to settle your ESOP transactions. This is also required to be disclosed under foreign bank accounts. If the ESOPs and RSUs are from unlisted Companies then it also has to be disclosed under unlisted shares held. Additionally if you are Indian resident as per the Income tax law (most of you will be) your global income becomes taxable and any dividend received on these ESOPs or capital gain on sale of ESOPs of foreign Companies has to be offered to tax. However, if there are taxes deducted on these transactions the same can be claimed by filing Form 67.

4. For current year if you are in salary bracket above 20 lakhs then new regime will be beneficial mostly unless you have housing loan interest  from Self occupied property. Under new regime Employer contribution to NPS up to 10% of basic salary can be claimed as exemption.

5. Get a good consultant today itself and plan the your finances accordingly. In case of salaried individuals there are very less avenues to save tax after March

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