What is form 16?

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What is Form 16?
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Form 16

• Q. How to read a Form 16 and understand its
  components?
• Form 16 is a certificate of deduction of income
  tax at source that is issued to salaried
  individuals in India by their respective
  employers.
• It is provided by the employer and is used as
  proof of TDS while filing Income Tax Returns.
• Form 16 is also a salary certificate issued by
  employers to employees and certain employers
  issue it even when there is no TDS on salary of
  the employee.
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Form 16

• Form 16 is divided in two parts Part A and Part
  B
•  
• Part A is certificate of TDS.
• Hence Form 16 becomes a proof of the TDS deducted
  by the employer from salary of the employee and
  paid into the government account.
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Form 16

• Part B is annexure containing details of salary
  paid, other income, tax due and tax paid.
• This is a complete detailed record of salary and
  related deductions and exemptions computed in a
  step by step manner.
• Read more about Form 16

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Form 16

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