Is it mandatory to issue Form 16 to all employees?

The form contains details of taxes deducted and deposited from various sources of your income. Well, if you’re an employer, it is compulsory for you to issue Form 16 to the employee.

How can I file my income tax without Form 16?

Here is how to file your ITR without Form 16:

  1. Step 1: Calculate your income from salary.
  2. Step 2: Calculate TDS deducted from Form 26AS.
  3. Step 3: Calculate income from house property.
  4. Step 4: Calculate income from other sources.
  5. Step 5: Claim the deductions.

Do all employees get Form 16?

It is mandatory for every employer who has deducted any tax at source to issue Form 16 to you. Employers can issue Form 16 in print or in soft copy downloaded from their account on the TRACES website. Your employer can also guide you to any outsourced online payroll platform, from where you can download your Form 16.

What salary is eligible for Form 16?

What is 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.

What can I do if my employer is not giving form 16?

In case an employer fails to provide you with a Form 16 after having deducted TDS – the minimum penalty that the employer will pay is Rs 100 for every day the default continues.

Can employer issue revised form 16?

To allow tax employee to recheck the ITR, Form 16 and the TDS returns of the company with ease, The tax department has made concurrent changes in the new format of the TDS returns (details of TDS from the salary of employees) filed by the companies.

What happens if employer doesn’t provide Form 16?

In case an employer fails to provide you with a Form 16 after having deducted TDS – the minimum penalty that the employer will pay is Rs 100 for every day the default continues. In this case, you may have to pay tax to the government on your income yourself and later on claim from your employer.

What happens if I don’t have Form 16?

It is the obligation of the employer to provide a Form 16 to all employees. In the rare chance that your employer did not provide you with a Form 16 to you, don’t fear; you can still e-File your returns yourself. Your Form-16 is basically a TDS Certificate that lists your Taxable Income and TDS.

How can I get Form 16 for salaried employees?

Form 16 can only be downloaded and issued by your employer. Any individual cannot download his / her Form 16. There is a common misconception that an individual a download Form 16 on TRACES website using the PAN number. All salaried individuals are eligible to get a Form 16 from their employers.

How can I download Form 16 for salary?

Step by step procedure to download Form-16A

  1. Step 1: Make a request for Form-16A. Once you login to, go to TDS return Dashboard under Deductor and click on “Work on this Return”.
  2. Step 2: Download the zip file and unzip it.
  3. Step 3: Convert the text file into PDF file.

Can I download my form 16 online?

You can download the form from the online website of the Income Tax department as well. This form is available in the PDF format, which can be printed.

How can you tell a fake form 16?

Here is how to verify the validity of Form 16: Visit Login to the account using PAN. Enter the Captcha code and click on Proceed.

Where do I get form 16 for salaried employees?

Form 16 is a salary TDS certificate, which is issued to salaried employees every year. Section 203 of the Income Tax Act, 1961, has made it mandatory for employers to issue Form 16 to their employees, reflecting their total TDS on income. It serves as a proof for employees that their tax has been deducted at source. Where do I get Form 16 from?

What happens if employer does not issue Form 16?

And according to section 203 of the I-T Act, if tax was deducted on the employee’s income, the employer has to furnish Form 16. If there was no TDS on the income, then the employer can decline to issue the form of that employee.

Can a form 16 be issued to an employee with zero tax?

a. Form 16 cannot be issued to an employee with zero tax. This is because Form 16 can be generated only if tax is deducted from an employee’s salary. b. Part A of Form 16 cannot be issued while Part B alone can be issued. Both the above answers are wrong.

What’s the difference between form 16 and 16A?

Form 16A is TDS certificate on Income Other than Salary. Its function is very similar to that of Form 16, with the main difference being that Form 16A is issued when payments are non-salary. An essential point to be noted is that the rate of tax deduction will vary depending on the type of non-salary income.