Regarding Form 16 issuance

[Jitender Sharma]

Is it possible to get Form 16 with in the financial year. As I have Changed job in august and new employer asking for Form 16. So, if form 16 will be issued only after the end of financial year then I will deny them or else tell me the way to get form 16 in the middle of financial year.

Thanks in advance

AI Summary

Form 16 issuance: employers must issue by statutory deadline, but may provide mid year salary and tax details.
Issuance of Form 16 is governed by sub rule 3 of rule 31 of the Income Tax Rules, 1962, requiring employers to issue Form 16 annually by the statutory deadline after the financial year; however, employers may provide salary and tax deduction particulars during the financial year. If no further salary transactions occur with the previous employer, that employer can issue Form 16 mid year; alternatively salary slips or a statement of tax deducted at source may be used for interim verification, and submission of Form 16 to a new employer is not compulsory.