What is form 16?

A certificate in the form required by the Income-tax Department is known as Form 16 and is given by an employer to their employee.

It certifies that TDS has been deducted from your salary by the employer. If an employer deducts TDS on salary, he must issue income tax Form 16 as per the income tax rules. Form 16 is issued once a year, on or before 15th June of the next year immediately following the financial year in which tax is deducted.

It has two parts, Part A and Part B. Part A has information about the employer & employee, like name & address, PAN and TAN details, period of employment, and details of TDS deducted & deposited with the government. Part B includes details of salary paid, other incomes, deductions allowed, tax payable etc.

Send us an e-mail at support@myitreturn.com if you have any further questions related to filing