How to download form 16 & PDF converter utility from trace TDS
How to download form 16 & PDF converter utility from trace TDS
What is Form 16 ?
Form 16 contains the information of deductor and deductee Name, TAN, PAN, address, period, financial year, Assessment year. Form 16 has two components one is part A and other is part B.
Employers must issue it Form 16 on or before prescribed ( 15th June ) date of the following year.
Form 16 Part A
Part A of Form 16 contains many information of payment amount and date and TDS deposited.
Each employer has duty to provide form 16.
Form 16 Part-B
Part B of Form 16 is an annexure along with part A of Form 16.
Form 16 Part-B contains following information
Basic Salary
House rent allowance Exemption
Standard deduction
All other exemption allowed under section 10
Income from house property
Deduction allowed under chapter-VIA
Deduction in respect of payment made for
life insurance,
repayment of house loan,
Children tuition fee,
employee contribution to provident fund
Contribution to pension
Health insurance under section 80D
Deduction in respect of donation paid under section 80G
Deduction in respect of interest paid on loan for higher education
Relief if any under section89