Form16

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Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2016 Hi please let me know what is form 16 and from where can we get that form

Sathish M

Sathish M (Expert)

25 March 2016 If you are a salaried employee, then every year your employer will issue Form 16 which is a certificate under section 203 of the Income-Tax Act, 1961, which gives information on the tax deducted at source (TDS) from income chargeable under the head “salaries”. Simply put, it gives details of the tax deducted by the employer.

Form 16 is usually provided by the employer themselves. The TDS certificate in form 16 shall be issued annually by 31st day of May of the financial year next following the financial year in which the income was paid and tax deducted.

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Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2016 for the purpose of claiming TDS refund on salary..what documents have to be submitted along with form 16

Sathish M

Sathish M (Expert)

01 April 2016 If all the details you have submitted to the employer and if he has remitted the amount of tax due on your behalf to the Government, it will get reflected in Form 26 AS and this will act as proof for tax being deducted from source. No further documents to be attached. You got to ensure that your Form 26AS credits and Form 16 tax details are matching.

If the computation in Form 16 covers all other disclosures made to the employer, you have to submit any further document.

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