What Is Form 16? Know It Needs And How To Download It Online [Video]

ITR Filling 2024: Form 16 is a vital document for filing an income tax return, employed people require Form 16 to submit ITR. Companies are responsible for issuing Form 16 to their employees on or before June 15th of the assessment year for which the Income Tax Return is being filed. ITR filling has been started from April 01, 2024.

What is Form 16?

Form 16 is a certificate issued under Section 203 of the Income Tax Act, 1961. It gives details about the salary earned by an employee and the taxes deducted from his salary by the employer (company). Form 16 verifies that the employer i.e. the company has deposited TDS. It is a certificate that contains all such information.

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Tax paid by the employee

Form 16 Income Return (ITR) filing gives information about TDS and other details about an employee’s income. It is required …