My name is Asmi. I have some query regarding home loan.
I want to take joint account loan which is include Husband salray and me, but my husband not getting Form 16, but his company is deducting PT from his salary slip. I get form 16.
Is he eligible to take home loan without any difficulty?
Please guide me
Regards
Asmi
Via email
What do you mean by 'PT'?
For Salaried Persons following documents are must -
- Minimum Monthly Income Rs 5000 and above
- Documents Required Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence).
- Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
- Bank Statements(latest 6 months bank statement /passbook)
- Latest salary slip or current dated salary certificate with latest Form 16
What is the problem, you are facing for getting Form - 16?
PT means profession tax and labour welfare fund tax both are deducting from salary slip. company is not giving form 16. What should i do?
Regards,
Asmi
via email
The Form 16 lists your income for the previous financial year, your tax liabilities and your tax exemptions. It also gives the PAN (Permanent Account Number) and TAN (Tax deduction and collection Account Number) numbers of your employer, who deducts tax at source (your pay slip). But if a company does not have a TAN number, it cannot deduct taxes at source and can’t issue a Form 16.Quote:
Originally Posted by NewsDesk
As per IT act each employer has to provide the form 16 to the employees. Hence you can ask for your form 16 from your accounts department.