Form 16 is a document Generated by the Income Tax Department and provided by the employer to employees, summarizing their salary and tax payments.
It contains two parts:
- Part A
- Part B
Part A contains details like
- Information of the Employer and Personal Information of the Employee
- The Assessment Year- the year in which the Income is assessed.
- The period of employment with the current employer in that financial year.
- Summary of the salary paid.
- Date of tax deducted and tax deposited with the Income-tax Department.
- Summary of tax deducted and deposited every quarter.
- Acknowledgment number of the TDS Payment
Part B contains details on the salary paid, any other income reported by the employee, and the amount of tax due.
It highlights the following:
- Total Salary Paid
- Exemptions allowed.
- Gross Income
- Income / Loss from House Property
- Deductions made from Salary towards Chapter 6 A
- Net Taxable Salary
- Income Tax
- Surcharge if applicable.
- Education Cess
- Rebate under Sec 87 if applicable
- Relief under Sec 89 if applicable
- Total tax payable
To download the Form 16
Login to “ESS”.
Click the “Menu bar”
Click "Reports".
Select the year from the drop-down.
Click the "download icon” against Form 16 to download the same.
