Box 12 codes A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401(k) plan. B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax) BB: Designated Roth contributions under a section 403(b) plan.

What does box 12a and 12b mean on w2?

Upper-case (capital) letters in Box 12 stand for different things: • A and B: Uncollected social security and Medicare tax on tips. This. amount represents the social security and Medicare tax on the tips you reported to your employer.

Which is the form to apply for 12A registration?

Application for 12A registration is made in Form 10A. It is prescribed in Rule 17A of the income tax rules’ 1962. Below is the step by step procedure for applying Section 12A registration:

What goes on line 12A of a federal tax form?

For example, if the money in your 401 (k) plan is from your tax-exempt contributions and your employer’s tax-exempt contributions on your behalf, your entire distribution is taxable. If this is the case, enter the entire amount on line 12b — you don’t report anything on line 12a.

Can a non-profit organisation file a Form 12A?

These organisations could be in the form of a Trust, Society, or Section 8 Company, but it is essential for them to be registered under Section 12A of the Income Tax Act, 1961 to claim the exemption. The non-profit entities do not work for profit, rather for the welfare of the people and the society, and are hence, non-profits.

How to register you / s 12A of Income Tax Act 1961?

After sharing the last two articles ‘ Concept of NGO and Income Tax Provisions ‘ and ‘ Benefits of Registration u/s 12A of the Income Tax Act’ 1961 ’ I have received many queries regarding procedure for registration u/s 12A. In this article, we are solely discussing Procedure for Registration u/s 12A of the Income Tax Act’ 1961.