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Form 16 – Form 16 is a TDS certificate issued by the employer as proof of tax deducted from the employee’s salary income. It serves as proof that tax has been deducted at source from the employee’s salary income and deposited with the government. It is essential for filing income tax returns. Learn more on Form 16, 16A, 16B, 16C, 16D, 16E, 27D. TDS certificates are the certificates of deduction of tax at source by the employers or other than employers. These certificates provide the details of TDS/TCS for various transactions between the deductor and deductee. Many salaried employees wonder where they can download Form 16. Form 16 is a crucial TDS (Tax Deducted at Source) certificate for salary income. It plays a significant role when you file your Income Tax Return (ITR). This guide clearly explains how employees obtain their Form 16, what the employer's part is, and steps to take if any issues arise. People often get confused about the Form 16 download process. The Income Tax Department requires employers to issue this certificate. For the Assessmen Part A of Form 16 which contains details of tax deducted and deposited by the employer can be downloaded from TRACES by deductor. A single Form 16 certificate will be issued for a given TAN, Financial year and PAN.
