TDS Form 16 or Form 16A - A quick guide

Hello everyone,

In this video, we will learn about the TDS Form 16/16A in brief.

Let’s see the TDS certificate -
▪ Section 203 of the Income Tax Act requires all employers to deductors the TDS from any income before payment; after deducting the TDS, the deductor needs to give an appropriate certificate to such deductions.
▪ This certificate is known as the TDS certificate.
▪ There are two types of certificates - Annual TDS certificates, Form 16 and Quarterly certificates Form 16A.
▪ Form 16 is a certificate of deductions of tax at source issued on deduction on tax by the employer on behalf of the employees.
▪ These certificates provide the details of TCS and TDS for various transactions between the deductor and the deductee. It is mandatory to issue these certificates to taxpayers.
▪ Form 16 provides the details of the employer's PAN, TAN and TDS.  
▪ Armed with the mighty document, employees can easily file tax returns hassle free.

👀 For further details, watch the complete video.

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