Form for Sending Particulars of Income U / S 192(2b) - India

The Form for Sending Particulars of Income U/S 192(2b) in India is used for providing details of income earned by an individual that is subject to tax deduction at source under section 192(2b) of the Income Tax Act. This form is typically filled by employees to provide information about their income, taxes paid, and deductions claimed to their employer. The employer uses this information to deduct the correct amount of tax from the employee's salary before making payments.

The employer or the person responsible for making the payment of salary is required to file the Form for Sending Particulars of Income U/S 192(2b) in India.

FAQ

Q: What is Form 192(2b) in India?
A: Form 192(2b) is a form used for filing particulars of income under section 192(2b) of the Income Tax Act in India. It is used by employers to report the income details of their employees.

Q: Who needs to fill out Form 192(2b)?
A: Employers are required to fill out Form 192(2b) for each of their employees. It is used to provide details of income, deductions, and taxes withheld from employees' salaries.

Q: What information is required to be provided in Form 192(2b)?
A: Form 192(2b) requires employers to provide information such as the employee's PAN (Permanent Account Number), name, address, salary details, deductions, and taxes withheld during the relevant financial year.

Q: When is Form 192(2b) to be filed?
A: Form 192(2b) is to be filed annually by the employer. It should be filed on or before the due date for furnishing the TDS (Tax Deducted at Source) statement, which is typically on or before May 31st of the assessment year.

Q: Is it mandatory to file Form 192(2b)?
A: Yes, it is mandatory for employers to file Form 192(2b) for each employee. Failing to do so may attract penalties or legal consequences.