Tax Deduction & Form 16

Dubbu (SAP) (24 Points)

04 April 2009  

Hi experts,

As this is the 1 year that i am going for form 16.

In my previous organization, i havnt done the IT return.

So please considering me as a layman please tell me,

1) what are the things that are considered for tax deduction ?

2) what is "form-16" is all about?

Regards,

Vinay