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Form 16 is required for:
What are the details included in parts A and B of the Form 16?
In Form 16 Part A, you will get information about:
.
In part B, you will get the following information:
Form 16 is an important document that helps in filing the Income Tax returns and acts as a valid proof that an employee has submitted their tax to the Indian government. TDS has been deducted from their salary. This form also describes how you taxed the basis of the investments, with all the details included, like the allowances that impact your tax amount, such as medical bills, loans, and house rents.
Form 16 can only be obtained from the employer from whom TDS has been deducted. If your income falls under the tax exemption limit or not, you need to file Form 16 if you have TDS.
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Form 16 is required for every employer if their TDS has been deducted. In that condition, they need to fill out the Form 16, which is a TDS certificate form. You can download your Form 16 through the TRACES portal, go to the downloads section and select the Form 16 and choose your assessment year, and easily download your Form 16 PDF.
Through filing the Form 16, you need to submit some of the essential details, like