TDS certificate must be issued by employers to employee within 15 days of filing their fourth quarter TDS returns. Hence, Form 16 must be issued within 15 days of filing the fourth quarter TDS returns. Due date for issuing Form 16A is listed below: For first quarter of 1st April to 30th June – 15th August
Services Provided:
TDS return per year upto 3500 entries
Form 16a on a quarterly basis
Form 16 on an annual basis
Form 26AS which can be downloaded from the Income tax / Bank website
TDS Certificates from Bank
Tax Saving Investment Proofs
Rent receipts and your salary slips can be used to work on your Income Tax return Filing
Purchase of Plan
Session with auditorsaab.com Expert
Upload Documents on Vault
Filing of application with Registrar
Receipt of Registration Certificate
What is meant by Form 16?
Form 16 is a certificate issued to salaried individuals from their employer when he deducts tax from the employee salary. A form 16 contains details of the amount of tax deducted at source (TDS) on salary by your employer along with the salary breakup for the financial year.
What is the difference between Form 16 & 16a?
Form 16A is also a TDS Certificate. Form 16 is for salary income, whereas Form 16A is applicable for TDS on Income Other than Salary. Banks issue a Form 16A when TDS is deducted by them on interest earned by you in fixed deposits
Who are eligible for Form 16?
Form 16 is your salary TDS certificate. If your income from salary for the financial year is more than the basic exemption limit of Rs 2,50,000 your employer is required, by the Income Tax Act, to deduct TDS on your salary and deposit it with the government.
Do pensioners get Form 16?
Form 16 is a TDS certificate on salary. Normally, pension holders do not get Form 16. However, you can ask your employer to provide you with Form 16. TDS is usually deducted if your pension amount is more than the basic exemption limit.
Do I need to submit any documents or proofs with my tax return?
You do not have to submit any proofs or supporting documents to Income-tax Department after e-filing of IT return. ITR-V, proof documents, supporting document, digital signature, acknowledgement The article explains about the supporting documents required or not while ITR-V submission
