What is Form 16 in Indian income tax?
Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Form 16 is a certificate issued by employers to their employees reflecting the salary earned during the financial year and the TDS (Tax Deducted at Source) deducted from the salary income. It also contains details of deductions claimed by the employee under various sections of the Income Tax Act. Form 16 serves as proof of TDS and is used by employees while filing their income tax returns.