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« New Forms »
 Before you file your tax return, note the key changes in Form 16
 5 Things to know about Form 16
 Form 16 will now have more details of your income and deductions
 Amendment of Form No. 16 and Form No. 24Q
 What are Form 15G, Form 15H?
  Post Qualification Course in International Taxation - Assessment Test (INTT-AT) - May, 2019 Application Form
 Form 60 can help you Don’t have PAN and need to do these important transactions?
 Income Tax: No provisions in I-T Act for revision in Form 15H, 15G
 Penalty on late filing of ITR and other tax changes effective from Apr 1
 How to view, download your Form 26AS and why it is important
 E-Way Bill Mandatory From 01.02.2018
 FORM GSTR-3B v/s FORM GSTR-1

5 Things to know about Form 16
May, 06th 2019

1. Form 16 is a certificate issued by an employer, certifying that the TDS is deducted from the salary of the employee and deposited with the government.

2. The form’s Part A contains employer’s TAN, PAN of employer and employee, address, assessment year, employment period and summary of TDS deposited with government.

3. The Part B of Form 16 consists of salary break-up, details of deductions claimed, total taxable income and tax deducted from the salary.

4. The employer is required to issue Form 16 on or before 31 May of the assessment year. Besides, the employer issues Form 16 if there is a mid-year change of job.

5. Form 16 helps in filing IT returns, is used as proof of income, for loan assessment and sanctioning, attached along with visa application, etc.

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