What is Certificate in Form No. 16?

The employer (deductor) is required to inform the employee (deductee) about the amount paid to deductee and the amount of tax deducted and deposited on behalf of the employee by the deductor. This information is provided by the deductor to the deductee through a certificate in Form No. 16.

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• What is Form 16?

  Form 16 is a certificate issued by your employer that contains the TDS which is deducted from your salary and deposited with the authorities. It also includes the other income sources of the employee and is issued every quarter. It contains all the ...

• How to Read Form 16

  Form 16: It is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments and the TDS payment deposited with the Income Tax Department. Form 16A is issued for TDS deducted on Salary. For TDS details refer Part A of the Form 16.

• What is Form No. 16C?

  For the purpose of bringing the high rental income groups within the ambit of tax, the government in the Budget 2017 inserted a new Section 194IB. Under this section, individuals and HUF who pay rent of Rs 50,000 or above will have to deduct TDS at ...

• What is Form No. 16B?

  A buyer of a property has to deduct TDS before paying the seller, and deposit this amount with the income tax department. Form 16B is a Certificate of this TDS, which must be given to the seller. When a taxpayer sells an immovable property for a sale ...

• How to Read Form 16A for Entering TDS Details

  Form 16A: It is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments and the TDS payment deposited with the Income Tax Department. Form 16A is issued for TDS deducted other than Salary.