Who is eligible for form 16?

Answer 1

Every person who is working for a company that pays salary and deducts TDS is eligible to get a form 16 from his/her employer

What 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.

Answer 2

Form 16 is typically issued to salaried individuals by their employers. Eligibility criteria include receiving a salary and having TDS (Tax Deducted at Source) deducted from the salary. Freelancers or self-employed individuals may not receive a Form 16 as they are responsible for calculating and paying their own taxes.