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Used in the country of India for taxation purposes, a Form 16 is designed to be used when an employee is on salary. Certain details like salary income, taxes deducted by the employer, and taxes paid by the employer are included on the form.

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Who is eligible for form 16?

Every person who is working for a company that pays salary and deducts TDS is eligible to get a form 16 from his/her employerWhat is this Form 16?It is certificate issued by the employer to employee stating the details of income earned and the tax deducted on his behalf and paid to the government. Every employee who is subjected to TDS is supposed to receive their Form 16 from his/her employers. As per the government regulations, there are certain deadlines by which you must receive your Form 16 but in many cases employers don't hand out the form 16's on time. Nonetheless, as long as we get the form 16 at least a month before the tax-filing deadline, we must be good.


How can you submit Form 16 online to your India tax forms?

Form 16 is Certificate under Section 203 of the Income-Tax Act, 1961 for Tax Deducted at Source on Salary. Form 16 is a certificate that your employer gives you as proof that tax was deducted at source from your income during the year.As of July 2008, even if you're filing electronically, you no longer need to attach Form 16 to your tax return. The Central Board of Direct Taxes requires only Trusts to attach Form 16 to their return (Form ITR-7).The Central Board now maintains an online Tax Deducted at Source account for each taxpayer.


When form 16 is not issuing?

Contact your finance department and demand one (if your company has deducted taxes from your salary) If they dont give you one, contact your local income tax office


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