I am not elligible for pay the tax, but to avail the home loan bank people are asking Form -16, what to DO?



My company also refuse to give form 16, Please give your suggestion. Last year i was paid my income tax and return file to IT, this year if it is necessary? PLease ADVICE

I am not elligible for pay the tax, but to avail the home loan bank people are asking Form -16, what to DO?
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5 Replies to “I am not elligible for pay the tax, but to avail the home loan bank people are asking Form -16, what to DO?”


  1. Form 16 is actually a TDS Certificate which also shows Salary Income and tax deducted.

    Since your tax liability is nil, you will not be issued Form 16.

    You can ask your employer for a Salary Certificate.

    Also monthly pay slips should also do.

    HMT


  2. You should have salary slip/Bank passbook or take salary certiciate and nil income tax return can be filled. Problem will be solved or ask from banker for other option to fulfill condition to get housing loan.



  3. You are not eligible to pay tax , means that your income is less than Rs. 2.5 Lakhs , say,not sufficient for tax . In that case , whether you are employed ( when you can get Form 16 from your employer ) or business income or inherited income ( of value not attracting taxes ) , no bank will advance any loan to you .





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