Income Tax (3rd Amendment) Rules, 2019 – Form No. 16 Part B and Form No. 24Q

Income Tax (3rd Amendment) Rules, 2019 – Form No. 16 Part B and Form No. 24Q

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)


NOTIFICATION
New Delhi, the 12th April, 2019
G.S.R. 304(E).-In exercise of powers conferred by sections 200 and 203 read
with section 295 of the Income tax Act, 1961 (43 of 1961), the Central
Board of Direct Taxes hereby makes the following rules further to amend the
Income-tax Rules, 1962, namely:-

1. Short title and commencement

(1) These rules may be called the Income-tax (3rd Amendment) Rules,
2019. 

(2) They shall come into force on 12th day of May, 2019.




2. In the Income-tax Rules, 1962, in Appendix II–

(A) in Form No. 16,–

(i) the “Notes” occurring after “Part A” shall be omitted; 
(ii) for “Part B (Annexure), the following shall be substituted, namely:–

“Part B (Annexure)

Details of Salary Paid and any other income and tax
deducted
1. Gross Salary
(a) Salary as per provisions contained in section 17(1) Rs. …
(b) Value of perquisites under section 17(2) (as per Form No.
12BA, wherever applicable)
Rs. …
(c) Profits in lieu of salary under section 17(3) (as per Form
No. 12BA, wherever applicable)
Rs. …
(d) Total Rs. …
(e) Reported total amount of salary received from other
employer(s)
Rs. …
2. Less:
Allowances to the extent exempt under section 10
(a) Travel concession or assistance under section 10(5) Rs. …
(b) Death-cum-retirement gratuity under section 10(10) Rs. …
(c) Commuted value of pension under section 10(10A) Rs. …
(d) Cash equivalent of leave salary encashment under section
10(10AA)
Rs. …
(e) House rent allowance under section 10(13A) Rs. …
(f) Amount of any other exemption under section 10
clause … Rs. …
clause … Rs. …
clause … Rs. …
clause … Rs. …
clause … Rs. …
Rs. …
(g) Total amount of any other exemption under section 10 Rs. …
(h) Total amount of exemption claimed under section 10
[2(a)+2(b)+2(c)+2(d)+2(e)+2(g)]
Rs. …
3. Total amount of salary received from current employer
[1(d)-2(h)]
Rs. …
4. Less: Deductions under section 16
(a) Standard deduction under section 16(ia) Rs. …
(b) Entertainment allowance under section 16(ii) Rs. …
(c) Tax on employment under section 16(iii) Rs. …
5. Total amount of deductions under section 16
[4(a)+4(b)+4(c)]
Rs. …
6. Income chargeable under the head “Salaries” [(3+1(e)-5] Rs. …
7. Add: Any other income reported by the employee under as per
section 192 (2B)
(a) Income (or admissible loss) from house property reported by
employee offered for TDS
Rs. …
(b) Income under the head Other Sources offered for TDS Rs. …
8. Total amount of other income reported by the employee
[7(a)+7(b)]
Rs. …
9. Gross total income (6+8) Rs. …
10. Deductions under Chapter VI-A
Gross Amount Deductible Amount
(a) Deduction in respect of life insurance premia,
contributions to provident fund etc. under section 80C
Rs. … Rs. …
(b) Deduction in respect of contribution to certain pension
funds under section 80CCC
Rs. … Rs. …
(c) Deduction in respect of contribution by taxpayer to pension
scheme under section 80CCD (1)
Rs. … Rs. …
(d) Total deduction under section 80C, 80CCC and 80CCD(1) Rs. … Rs. …
(e) Deductions in respect of amount paid/deposited to notified
pension scheme under section 80CCD (1B)
Rs. … Rs. …
(f) Deduction in respect of contribution by Employer to pension
scheme under section 80CCD (2)
Rs. … Rs. …
(g) Deduction in respect of health insurance premia under
section 80D
Rs. … Rs. …
(h) Deduction in respect of interest on loan taken for higher
education under section 80E
Rs. … Rs. …
Gross Amount Qualifying Amount Deductible Amount
(i) Total Deduction in respect of donations to certain funds,
charitable institutions, etc. under section 80G
Rs. … Rs. … Rs. …
(j) Deduction in respect of interest on deposits in savings
account under section 80TTA
Rs. … Rs. … Rs. …
(k) Amount deductible under any other provision(s) of Chapter
VI‐A
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
section … Rs. … Rs. … Rs. …
Rs. … Rs. … Rs. …
(l) Total of amount deductible under any other provision(s) of
Chapter VI‐A
Rs. … Rs. … Rs. …
11. Aggregate of deductible amount under Chapter VI-A
[10(a)+10(b)+10(c)+10(d)+10(e)+10(f)+10(g)+10(h)+10(i)
10(j)+10(l)]
Rs. …
12. Total taxable income (9-11) Rs. …
13. Tax on total income Rs. …
14. Rebate under section 87A, if applicable Rs. …
15. Surcharge, wherever applicable Rs. …
16. Health and education cess Rs. …
17. Tax payable (13+15+16-14) Rs. …
18. Less: Relief under section 89 (attach details) Rs. …
19. Net tax payable (17-18) Rs. …
Verification
I, …………………………….., son/daughter of ……………………………………….working
in the capacity of .……………………………… (designation) do
hereby certify that the information given above is true,
complete and correct and is based on the books of account,
documents, TDS statements, and other available records.
Place………………………………… (Signature of person responsible for deduction of tax)
Date……………………………….… Full Name : ……………………………
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Notes:



1.
Government deductors to fill information in item I of Part A if tax is paid
without production of an income-tax challan and in item II of Part A if tax
is paid accompanied by an income-tax challan.


2.
Non-Government deductors to fill information in item II of Part A.


3.
The deductor shall furnish the address of the Commissioner of Income-tax
(TDS) having jurisdiction as regards TDS statements of the assessee.


4.
If an assessee is employed under one employer only during the year,
certificate in Form No. 16 issued for the quarter ending on 31st March of
the financial year shall contain the details of tax deducted and deposited
for all the quarters of the financial year.


5.
(i) If an assessee is employed under more than one employer during the
year, each of the employers shall issue Part A of the certificate in Form
No. 16 pertaining to the period for which such assessee was employed with
each of the employers.
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(ii) Part B (Annexure) of the certificate in Form No.16 may be issued by
each of the employers or the last employer at the option of the assessee.


6.
In Part A, in items I and II, in the column for tax deposited in respect of
deductee, furnish total amount of tax, surcharge and health and education
cess.


7.
Deductor shall duly fill details, where available, in item numbers 2(f) and
10(k) before furnishing of Part B (Annexure) to the employee.”;

(B) in Form No. 24Q, for “Annexure II”, the following “Annexure” shall be
substituted, namely:–

“Annexure II

Details of salary paid or credited during the financial
year ……………….and net tax payable
Serial number. Permanent Account Number of the employee. Name of the employee. Deductee type (Senior Citizen, Super Senior Citizen,
Others).
Date from and date up to employed with current employer in
the current financial year (dd/mm/yyyy).
Gross Salary as per provisions contained in section 17(1). Value of perquisites under section 17(2)

(as per FormNo.12BA, wherever applicable).
Profits in lieu of salary under section 17(3) (as per Form
No.12BA,

wherever applicable).
Total amount of gross salary received from current employer
(see Note 1 for definition of Salary).
(330)
(331)
(332)
(333)
(334)
(335)
(336)
(337)
(338)
Reported total amount of salary received from other
employer(s) (see Note 1 for definition of Salary).
Travel conces- sion or assistance under section 10(5). Death- cum- retireme nt gratuity under section 10(10). Commuted value of pension under section 10(10A). Cash equiva- lent of leave salary encash- ment under
section 10 (10AA).
House rent allowance under section 10(13A). PAN of landlord, if exemption is claimed under section
10(13A) (see Note 3).
Amount of any other exemption under section 10. Total amount of exemption claimed under section 10
(340+341+3 42+343+34 4+346).
Total deducti on under section 16(ia).
(339)
(340)
(341)
(342)
(343)
(344)
(345)
(346)
(347)
(348)
Total deduction under section 16(ii). Total deduction under section 16(iii). Income chargeable under the head “Salaries” [338+339-
(347+348+ 349+350)].
Income (or admissible loss) from house property reported by
employee offered for TDS as per section 192 (2B).
PAN of lender, if interest on housing loan is claimed under
section 24(b) (see Note 4).
Income under the head other sources offered for TDS as per
section 192 (2B).
Gross total income (351+352+ 354). Deduction in respect of life insurance premia,
contributions to provident fund etc. under section 80C.
Deduction in respect of contribution to certain pension
funds under section 80CCC.
Deduction in respect of contribution by taxpayer to
notified pension scheme under section 80CCD(1).
(349)
(350)
(351)
(352)
(353)
(354)
(355)
(356)
(357)
(358)
Rebate under section 87A, if applicable. Surcharge, wherever applicable. Health and education cess. Income‐tax relief under section 89, when salary, etc. is
paid in arrear or advance.
Net tax liability [368+370+371- (369+372)]. Total amount of tax deducted at source by the current
employer for the whole year [aggregate of the amount in
columns 325 of Annexure I for all the quarters in respect
of each employee].
Reported amount of tax deducted at source by other
employer(s) or deductor(s) (income in respect of which
included in computing total taxable income in column 339).
Total amount of tax deducted at source for the whole year
(374+375).
Shortfall in tax deduction (+) or excess tax deduction (‐)
(373- 376).
(369)
(370)
(371)
(372)
(373)
(374)
(375)
(376)
(377)

Notes:

1. Salary includes wages, annuity, pension, gratuity (other than exempted
under section 10(10)), fees, commission, bonus, repayment of amount
deposited under the Additional Emoluments (Compulsory Deposit) Act, 1974 (8
of 1974), perquisites, profits in lieu of or in addition to any salary or
wages including payments made at or in connection with termination of
employment, advance of salary, any payment received in respect of any
period of leave not availed (other than exempted under section 10 (10AA)),
any annual accretion to the balance of the account in a recognised
provident fund chargeable to tax in accordance with rule 6 of Part A of the
Fourth Schedule of the Income-tax Act, 1961, any sums deemed to be income
received by the employee in accordance with sub‐rule (4) of rule 11 of Part
A of the Fourth Schedule of the Income-tax Act, 1961, any contribution made
by the Central Government to the account of the employee under a pension
scheme referred to in section 80CCD or any other sums chargeable to
income-tax under the head ‘Salaries’.
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2. Where an employer deducts from the emoluments paid to an employee or
pays on his behalf any contributions of that employee to any approved
superannuation fund, all such deductions or payments should be included in
the statement.
3. Permanent Account Number of landlord shall be mandatorily furnished
where the aggregate rent paid during the previous year exceeds one lakh
rupees.
4.Permanent Account Number of lender shall be mandatorily furnished where
the housing loan, on which interest is paid, is taken from a person other
than a Financial Institution or the Employer.”.
[Notification No. 36/2019/F.No. 370142/4/2019-TPL]
SAURABH GUPTA, Under Secy. (Tax Policy and Legislation)


Note:
The Principal Rules were published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (ii) vide notification number S.O. 969(E)
dated the 26th of March, 1962 and were last amended vide notification
number G.S.R No. 279(E) dated 01/04/2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road,
Mayapuri, New Delhi-110064 and Published by the Controller of Publications,
Delhi-110054.

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