Tds Certificate Form 16 A For Salaried Employees

Since fy 18 19 onwards the income tax department is now providing both part a and part b of form 16 tds certificate for employee the steps for requesting form 16 are.

Tds certificate form 16 a for salaried employees. Form 16 16a is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. If the company has deducted tax from the salary then it is mandatory by law to furnish form 16 to the employee as form 16 reflects that the tax is deposited with the it department. Enter the details and click on go. It is mandatory to issue these certificates to tax payers.

Form 16 is a tds certificate issued by the employers to their employees. Go to downloads tab. It will be issued once a year by the employer to the employee under section 203 of the income tax act. These certificates provide details of tds tcs for various transactions between deductor and deductee.

Based on the data available in form 16 salaried employees can easily file their itr income tax returns. 15th august 2020 the due date to issue form 16 by employer to an employee for fy 2019 20. This form validates the fact that tax has been deducted and deposited to the government on behalf of an employee. Form 16 is a certificate that consists of details of tds tax deducted at source other incomes tax benefits and tax calculations.

Tax deducted by the employer in a financial year as tds on salary is reflected in form 16. Form 16 is a salary tds certificate which is issued to salaried employees every year. Form 16 is a certificate of tds on salary. Every salaried individual gets the form 16 from their organisation or employer.

The cbdt has notified a new format for form 16 the salary tds certificate requiring a detailed break up of tax exempt allowances paid to the employee and also of all tax breaks claimed by him her. Section 203 of the income tax act 1961 has made it mandatory for employers to issue form 16 to their employees reflecting their total tds on income. It serves as a proof for employees that their tax has been deducted at source. The procedure for requesting form 16 from traces website has been given below.

All salaried individuals are eligible to get a form 16 from their employers. Form 16 is also called the tds certificate or salary certificate. Also the employer should issue form 16 before the due date of may 31 of every financial year. Deductor logs in to traces.