Form 16

Form 16 is a certificate that reflects the total salary paid and the amount of TDS deducted, by the employer, during the year. It also contains the details of salary and tax benefits availed by an employee in the last financial year.

All employees have to obtain a Form 16 from their employees for filing IT returns.

There are several layers to Form 16 – each unique and, at the same time, vital to the tax filing journey. It mainly consists of four parts:

• Form 16 Part A – Contains the summary of income paid, taxes deducted and remitted
• Form 16 Part B – Contains details of the total salary paid
• Form 12BA – Shows the value of perquisites
• Annexure to Form 16 – Provides a break up of  Sec 2(f) and 10(k)

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Form 16

Employee Information