Issuance of Certificate for Tax Deducted at Source in Form 16 for Pensioners – TN G.O
FINANCE (Pension) DEPARTMENT
Letter No.30359/Fin (Pension) /2019-1, dated:02-07-2019.
Tmt. POOJA KULKARNI, I.A.S.,
Special Secretary to Government.
The Branch Manager of All Public Sector Banks.
The Reserve Bank of India, Chennai-600 001.
All Head Offices / Regional Offices of Public Sector Banks through the Director of Pension, Chennai – 600 035.
The Principal Secretary / Commissioner of Treasuries and Accounts, Chennai-600 035.
The Pension Pay Officer, Chennai-600 035.
The District Treasury Officers / Sub-Treasury Officers.
The Director of Pension, Chennai-600 035.
Sub: PENSIONER / FAMILY PENSIONER – Issuance of Certificate for Tax Deducted at Source in Form 16 – Regarding.
Ref: G.O.Ms.No.268, Finance (Pension) Department, dated 18-09-2017.
It has come to the notice of the Government that few Public Sector Banks are not issuing Form 16 TDS Certificate for the financial year 2018-2019 to its PSB Pensioners / Family Pensioners citing that original papers of Pensioners / Family Pensioners who had drawn pension/family pension under Public Sector Bank Scheme and subsequently have been transferred to the concerned Pension Pay Officer, Chennai/ Treasury Officers/Sub-Treasures Officers as per the orders issued in the reference cited.
2. In this connection, I am directed to invite your attention to the provisions of Section 203 of the Income Tax Act, 1961 read with the Rule 31 of the Income-tax Rules, 1962 which stipulates furnishing of certificate of tax deduction at source (TDS) by the deductor to the deductee specifying therein the prescribed particulars such as amount of TDS, valid permanent account number (PAN) of the deductee, tax deduction and collection account number (TAN) of the deductor, etc. The time limit for issuance of Form 16 is 31st May of the financial year immediately following the financial year in which income was paid and tax deducted.
3. I am therefore request you to issue necessary Form 16 TDS Certificate for the financial year 2018-2019 immediately to your PSB Pensioners / Family Pensioners for the period upto which pension/family pension was paid and tax deducted so as to file their income tax returns in time.
for SPECIAL SECRETARY TO GOVERNMENT.