Form 12BA – A summary of the activity

This activity enables you to generate Form 12BA showing details of perquisites, other fringe benefits or amenities and profits in lieu of salary earned by the employee for a financial year.

Output to the report: The following details are displayed in the report.

• The name and address of the employer

• The TAN and TDS assessment range of the employer

• Name, designation and PAN of the employee

• Indicates whether the employee is a director or has special interest in the company

• Total income earned by the employee under the head “Salaries”

• The financial year for which the form is generated

• The details of the perquisites provided to the employee like accommodation, cars/ other automotive, gas, electricity, etc. It also includes details like the value of the perquisites as per rules, amount if any recovered from the employee, amount of perquisite chargeable to tax for each of the perquisite provided

• The details of the tax deducted from salary under section 192(1) and 192(1A) and the date on which the payment to the government is made.

• A declaration stating that the details provided are based on the books of account and the value of the perquisites are calculated in accordance with section 17 fo the Income tax Act.

Input to the report: You are to specify the following details to generate the Form 12BA report for an employee:

• The tax unit to which the employee is mapped

• The tax year for which the Form 12BA must be generated

Note that you can generate this report only after Form 16 processing for the employee is completed.

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