Income Tax Form 16 PDF

Income Tax Form 16 PDF Download

Income Tax Form 16 PDF download link is given at the bottom of this article. You can direct download PDF of Income Tax Form 16 for free using the download button.

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Income Tax Form 16 PDF Summary

Hello friends, today we are going to upload the Income Tax Form 16 PDF to help you all. It comes under Section 203 of the Income Tax Act, 1961, and is a certificate that provides information on tax-deductible at your annual source of income (TDS). It displays all the details of the tax deducted and prepaid by your employer. Simply put, Form 16 is a salary or income certificate issued by your employer and contains all the details that will assist the taxpayer in filing income tax returns with the Income Tax Department.

Every employer should provide this form to their employees as Form 16 serves as an important proof of the tax paid. For non-taxable employees, Form 16 is usually not issued because they do not have to pay taxes or file returns.

Understanding Form 16

Form 16, also known as Salary TDS Certificate, consists of two parts. Part A serves as proof of tax deducted by the employer and contains all TDS information. Part B is an appendix that provides more details such as your total income, tax deductions, tax paid, tax arrears, and any other income. Let’s look at each part in detail.

Income Tax Form 16 PDF- Important Components of Form 16

PAN

Permanent Account Number or PAN is a unique alphanumeric code consisting of 10 digits, allocated to the individual taxpayer

TAN

Tax Deduction and Collection Account Number that is allocated to every employer to facilitate tax payments to the government

Gross Salary

The total salary paid to the employee including incentives, bonuses, and more

TDS

Tax Deducted at Source by the employer

Allowance

Allowance disbursed by the employer like HRA (House Rent Allowance), Medical allowance, travel allowance, etc.

Deduction

All deductions made under applicable Section

Total Income

The final income or taxable income after all deductions that are subject to tax

Education Cess

Tax paid towards education development of the nation

Form 16 – Part A

  • Basic details like Employee’s name and address, Employer’s name and address
  • PAN – Permanent account number of the employee
  • PAN and TAN (tax deduction account number) of your employer
  • Assessment year – the year in which your tax is calculated from the income earned in the previous year. For example, if the financial year is 2015-16, then the assessment year is 2016-17
  • Period of Employment
  • Details of your Salary – Gross salary, incentives or perks, deductions, net salary
  • Summary of Total income and tax deduction throughout the year

Form 16- Part B

  • Taxable salary of the employee
  • All the applicable tax deductions and exemptions under Section 80 C (tax-saving investments), 80CCC, 80 CCD, 80D ( health insurance premium), 80E (interest on any education loan), 80 G (donations), and others
  • The aggregate of all the deduction amounts reduced from the taxable income
  • Education cess and surcharge tax details
  • Total tax payable and the number of TDS deducted by the employer
  • Gross total income, which will be the final amount on which your taxes will be calculated
  • Tax Payable or Refund Due

Income Tax Form 16 PDF- How to Download?

Your employer is responsible for providing you with the form 16. Even if you have left your job, you can get Form 16 from your employer. If for some reason, you don’t have it, you can download it using the following steps:

Step 1 – Visit the Income Tax Department Website – http://www.incometaxindia[dot]gov.in/Pages/tax-services/form-16A-download-deductor.aspx

Step 2 – Log in using your credentials

Step 3 – Go to the Downloads Tab

Step 4 – Select the form – Form 16

Step 5 – For individual PANs, select the relevant financial year for which Form 16 is required, Enter your PAN number and click on Add. Click on Go to proceed

Step 5 – Click on Submit to Download Form 16

Income Tax Form 16 PDF- How to Fill Form 16?

Part A:

    • Name and Address of the Employer – Employer details
    • Name and Address of the Employee – Employee details as per company records
    • PAN of the deductor – Permanent Account Number of the Employer
    • TAN of the deductor – Tax Deduction and Collection Account Number of the Employers
    • PAN of the employee – Individual’s PAN number
    • CIT (TDS) – Income tax commissioner details
    • Assessment year and period – The relevant financial year
    • Summary of tax deducted at source – Lists the quarter-wise details of the tax deducted at source along with the corresponding receipt numbers of the TDS

Part B:

      • Gross Salary – Total Salary without any deductions along with pre-requisites that you receive
      • Allowance – The several allowances that your employer pays you, like house rent allowance, travel allowance, and more.
      • Income Chargeable under the Head of Salaries – The total income minus all allowances and deductions by the employers
      • Gross total income – Any other income reported by an employee is added, and the final salary amount on which the taxes will be computed is obtained
      • Deductions under Chapter VI-A – All applicable deductions under Sections 80C, CCC, CCD, D, E, G
      • The aggregate of Deductions – All deductions are summed up and the final amount to deduct arrived at
      • Total Income – The final income minus all the applicable tax deductions and exemptions is derived here
      • Tax on Total Income – Final tax amount as per the income tax slabs and rates applied
      • Education Cess at 3% – Educational tax surcharge added
      • Tax Payable – Total tax payable
      • Less Relief – Under Section 89 any reliefs according to furnished details, adjusted here
      • Tax Payable – Final tax amount that is payable by the employee and deducted as TDS by the employer
      • Verification – Your Signature and consent for the TDS
you can download the Income Tax Form 16 PDF by clicking on the link given below.
Income Tax Form 16 pdf

Income Tax Form 16 PDF Download Link

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