Form 16 – Part B Part B provides a detailed breakdown of the employee’s salary and the exemptions claimed under the Income Tax Act. It includes exemptions under Section 10 (such as HRA) and ...

Form 16 consists of two parts: Part A, which includes the employer's Tax Deduction Account Number (TAN), the employee's PAN, and a summary of the salary paid along with TDS deposited, and Part B ...

In cases where an individual has switched jobs during the year, it is important to collect Form 16 from each of the employers. The form is divided into two parts: Part A and Part B. Part A of Form 16 ...

Form 16, a key document for salaried taxpayers, must be issued by employers by June 15; here’s what it includes and the latest rules for ITR filing in FY 2024-25.

ITR filing: Form 16, a crucial document for salaried taxpayers, is issued by employers, detailing TDS on salary. It contains vital information like employer/employee details, income earned, and ...

Understanding the two parts of Form 16 Form 16 is divided into two parts—Part A and Part B. Part A consists of details of TDS deducted and deposited, PAN, employer's TAN, and quarterly breakup.

Form 16 has two parts Part A: This part includes the name and address of the employer and employee, their PAN and TAN numbers, and how much TDS (Tax Deducted at Source) was deducted.

Form 16 is a cumulative report of your salary income and the taxes already withheld. It helps you report your income and claim deductions under various sections like 80C, 80D, etc. while filing ...