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Tds form no 16

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2013 when can an employer issue form no 16..........and what is the purpose of form no 16......?
thanks in advance...
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 January 2013 The name itself indicates that this form is in the Form of TDS certificate Certifying the details of Income of the employee. It is issued after completion of the Financial year or before if the employee quits in between.
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It has to be issued by 30th May i.e. after filing of the Q4 TDS Return.
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Pankaj Gupta

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Pankaj Gupta (Expert)
25 January 2013 It is a form in which details of salary paid and tds deducted thereon is shown.
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