What is form 16? - PowerPoint PPT Presentation

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What is form 16?

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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.   – PowerPoint PPT presentation

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Title: What is form 16?


1
What is Form 16?
2
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.
  •  

3
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.
  •  

4
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

5
Form 16
  • Thank You..!!
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