WHAT IS FORM 16 UNDER INCOME TAX
Form 16 is important document which you must have at the time filing your Income Tax Return because it contains all your income details which your employer pay you during the financial year and how much TDS is deducted. Form 16 : Form -16 is a kind of statement which is issued by the employer. It is the proof of TDS (Tax Deducted at Source) from your salary income. Form 16 contains the details of tax deduction which is made by your employer out of your salary. Sometimes, it is also called salary TDS certificate. Therefore, it is a prerequisite to cross-check the amount deducted by your employer with form 16 so as to know whether properly deducted tax has been deposited by the employer with the government. If your employer doesn’t give Form 16: Sometimes, the payer deducts the tax and tells you that he has deposited the tax to the Income Tax department. So, should you trust him or not? No way, because payer sometimes doesn’t deposit the deducted tax and as a