What is a Form 16
A Form 16 is a certificate issued to salaried individuals from their employer when he deducts tax from the employee salary. In simple words, it is an acknowledgement which states your deducted tax has been deposited with the income tax department.
Form 16 is an important document that is issued in accordance with the provisions of Income Tax Act,1961. A form 16 contains details of the amount of tax deducted at source (TDS) on salary by your employer alongwith the salary breakup for the financial year. In a nutshell, it could be said that a Form 16 is a certificate of proof of the TDS deducted & deposited by your employer.
Here are some of frequently asked questions about Form 16
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