One of the most important income tax form is Form 16. It contain most of the information you need to prepare your income tax return in India. Form 16 has two parts Part A and Part B.
Form 16 Part A has
Name and address of the employer
TAN & PAN of employer
PAN of the employee
Summary of tax deducted & deposited quarterly, which is certified by the employer
Assessment Year
Period of employment with the employer
Form 16 Part A must be generated and downloaded through Traces portal
Part A of the Form 16 also has a unique TDS Certificate Number.
Form 16 Part B has
Detailed breakup of salary paid
Deductions allowed under the income tax act (under chapter VIA)
Relief under section 89
If you have held more than one job during the year, you’ll have more than one Form16.
Part B is prepared by the employer manually and issued along with Part A.
For more information please feel free to contact :
+91 9580323324
Visit Us At :
https://www.taxithere.com/index.html