About Remuneration Form

Question

Hi,
I would like to know about customizing Remuneration form.In other words how to create a new payslip according to company's requirement?
Thanks,
Basanti.

Answer 1

Hi,
FORM - C
C-Form is related to sales tax department, when you purchase material from out side the state, you have to issue c-from to get tax benefit.
Declaration in Form C - sales tax on Inter State sale is 3% or sales tax rate for sale within the State whichever is lower, if sale is to registered dealer and the goods are covered in the registration certificate of the purchasing dealer. Otherwise the tax is higher - (4% or tax leviable on sale of goods inside the State, whichever is higher).
Authority to issue blank C form - The blank C form has to be obtained by purchasing dealer from Sales Tax authority in the State in which goods are delivered, which is usually the place where purchasing dealer is registered. However, in case on Inter State sale by transfer of documents, the purchasing dealer may not be registered with the sales tax authorities in the State where the goods are delivered. In such case, he can obtain blank C form from sales tax authority where he is registered.
C Form is mandatory to avail concessional rate - Submission of C form is mandatory and unless C form is submitted, concessional rate of sales tax will not apply.
FORM - 16
FORM 16 is a certificate issued to you by your employer stating the details of the salary you have earned and the tax deducted on your behalf and paid to the government. 
If you are an employee of the company (which means you are on the company's payroll), you should receive your Form 16 by April 30 every year.
If you are a consultant or a professional, you should receive Form 16AA, which gives you the details of the professional fees and Tax Deducted at Source thereon.      
REWARD POINTS IF HELPFUL
Regards
Sai