The investment declaration form is a declaration by the employee, based on the information provided on investment declaration form employers will calculate how much TDS should be deducted from the employee salary.
If you are an employee, then they are two ways you can get your form It is an online platform provided by the income tax department for both taxpayers and deductors. Here the taxpayers and deductors can pay taxes online and reconcile them while filing returns if they want to get a refund. After downloading form 16, you need to enter a password to open it. The password to open form 16 is your 10 digits PAN followed by your date of birth.
The last date to issue form 16 to employees by employers is 31st May of every year. By this date, every employer has to issue form 16 to employees from whom they are deducting TDS. It is the right of the employee to get form 16 when he contributing to TDS. If your employer is not issuing form 16 then under section A 2 g of income tax they need to pay a penalty of Rs till the date of issue. The actual due date to file IT returns for the financial year ay is 31 st July , but due to lockdown in India, the due date is extended to 30 November This form reflects the details of TCS collected.
It is filed quarterly along with quarterly TDS Returns. Download Link. Scroll to top. Under section of the Income Tax Act, the tax deducted at source TDS from the income earned as salaries is reflected in this certificate. The employer shall cross-validate the contents of the Form before issuing the certificate. This shall be noted that if you change your job in between one financial year, a separate Part A of Form will be issued by the employer for the period of employment.
The major components of Part A of Form 16 are:. Form 16 Part B is a Part A annexure. Furthermore, it shall be noted, in case if you switch your job in between the financial year then you can ask the Form 16 Part-B from both the employer or from the previous employer.
The major components of Form 6 Part-B are:.
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