What is Form 16‌?
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.
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.
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.
Form 16
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