Professional and experienced team-
Cost-effective efficiency and timeliness
T&C*
Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
- Proactive compliance management
- Unlock the business's growth potential.
- Transparency and communication
- Comprehensive service offerings
Form-16
Form-16 is a crucial document provided by employers to employees in India, detailing their salary, tax deductions, and TDS (Tax Deducted at Source) for a specific financial year. It serves as proof of income earned and taxes paid. Employers issue Form-16 annually on or before July 31st of the following financial year. Employees use Form-16 to file their income tax returns, as it outlines the taxable income and tax deducted by the employer, aiding in the calculation of tax liabilities or refunds.
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Form-16 is a certificate issued by employers to their employees, providing details of the salary earned, taxes deducted, and other income sources during the financial year. It serves as proof of income earned and taxes paid and is essential for filing income tax returns.
Form-16 is issued by employers to their employees who are subject to tax deduction at source (TDS) on their salaries. It is typically provided to employees earning a salary and having taxes deducted at source under the Income Tax Act.
Form-16 contains details such as the employee's name and address, employer's name and address, Permanent Account Number (PAN) of both the employee and employer, summary of salary earned, allowances and perquisites received, deductions under various sections of the Income Tax Act, tax deducted at source (TDS), and other relevant details.
The primary purpose of Form-16 is to facilitate the filing of income tax returns by employees. It provides a summary of income earned and taxes deducted during the financial year, which helps employees calculate their taxable income, claim deductions, and reconcile their tax liabilities with the tax deducted at source by their employer.
