Form 16 tds certificate details: Although a copy of this TDS

Although a copy of this TDS Certificate is not required to be furnished at the time of filing of Income Tax Return, the details mentioned in Form 16 are required to be furnished in the Income Tax Return. This TDS Certificate is the most powerful proof of the Income of an Individual and the fact that the tax has been paid thereon. Part A of Form 16 which contains details of tax deducted and deposited by the employer can be downloaded from TRACES by deductor. A single Form 16 certificate will be issued for a given TAN, Financial year and PAN. Points to be Noted while Checking Form 16 Once an individual receives Form 16 from the employer, it is their responsibility to ensure that all the details are correct. Make sure to verify the details mentioned in Form 16, for example, details of the amount of income, TDS deducted, etc. If any of the details is mentioned incorrectly, one should immediately reach out to the organization’s HR/Payroll/Finance department and get the same corrected. The employer would then correct their end by ... Learn more on Form 16, 16A, 16B, 16C, 16D, 16E, 27D. TDS certificates are the certificates of deduction of tax at source by the employers or other than employers. These certificates provide the details of TDS/TCS for various transactions between the deductor and deductee.