16 July 2008
Employee must issue Form-16 and not Form16A if TDS is deducted. However, volountarily the employer can issue Form-16 even if TDS is not deducted. Form-16 is very important document it is required in all important banking transactions/application for loans etc..it also serves as the proof of income you have earned from that organisation. Generally all company issue Form-16 to all their employees irrespective of TDS deduction.