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Why form 16 is necessary?

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Anonymous

14y ago
Updated: 8/17/2019

It is necessary because, it is the document that outlines your income and tax liabilities.

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.

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Wiki User

14y ago

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