How to Download Income Tax Form 16

HOW TO DOWNLOAD
INCOME TAX FORM 16
BY : iforms.co.in

Form 16 is a declaration issued under area 203 of
the IT act for assessment deducted at source from
pay. It is a natty gritty record of income tax.
Deducted from the compensation of the
representative by the business.

How to get form 16 online?
There is a typical misguided judgment that one can
download form 16 utilizing PAN number from TRACES site. As
a general rule, you can get your form 16 just from your
manager.
The objective of this article is to attract attention of all
those salaried employees who have been issued or are yet
to receive their form 16 for the financial year.

Form 16 – part A
Section an is the testament of TDS. Henceforth form 16A
turns into a proof of the TDS deducted by the business from
compensation of the worker and paid into the administration
account. And also you can download EPF form 15g.
It is otherwise called TRACES form and contains taking
after detail

1. Individual subtle elements of representative, address,
permanent account number
2. Address, PAN and TAN (expense finding and gathering
account number) of the business,
3. Term of the period that the representative worked with the
business amid the financial year,

4. The assessment year and generally significantly
5. Outline of the charges deducted and paid into the
administration account by the business.
Business by and large deducts TDS from the compensation
of the worker and stores the same with the administration
account and the points of interest of TDS deducted and
paid each quarter are specified in this traces form 16B.

Form 16 – Part B
Part B is annexure containing points of interest of
compensation paid, other pay, impose due and charge
paid. This is an entire point by point record of pay and
related reasoning's and exclusions processed in a well
ordered way.

1. Net pay,
2. Exceptions guaranteed under segment 10 of the IT act
3. Net assessable pay in the wake of deducting these
exceptions
4. Points of interest of house property wage
5. Conclusions from compensation under sag

6. Measure of assessment on wage
7. Salary charge paid and henceforth either assesses due or
discount due
Exclusions from compensations incorporate house lease
remittance , leave travel allowance , transport stipend,
clothing recompense, medicinal stipend to give some
examples.

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