Jacky
(Accountant & CA Final Student)
(320 Points)
Replied 26 March 2016
https://cleartax.in/Guide/UnderstandingForm16
refer above link to get the better idea about form 16
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 26 March 2016
Form 16 in reference to Income Tax is a certificate of TDS deposited by employer on behalf of his repective employee(s). It consists of two parts - Part 'A' and Part 'B'. Part 'A' is issued from Income tax to the employer and Part 'B' is synopsis of employee's salary and investment details prepared by employer itself. Every year whole Form 16 is collected by employee from his employer for TDS deduction, if any, by employer.
Tushar
(ca final)
(147 Points)
Replied 27 March 2016
Imran
(Tax Advisor)
(33 Points)
Replied 27 March 2016
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