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Form 16

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₹.200

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For businesses having 1 - 25 employees. Includes TDS Filing for Q4 with Annexure II, Form 16 issuance and ITR-1 filing for employees.

₹.250

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For businesses having 26 - 100 employees. Includes TDS Filing for Q4 with Annexure II, Form 16 issuance and ITR-1 filing for employees.

₹.300

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For businesses having 101 - 500 employees. Includes TDS Filing for Q4 with Annexure II, Form 16 issuance and ITR-1 filing for employees.

Form 16 registration in Jahangirabad

Form 16 Issuance to Employees

Form 16 is a certificate that employers issue to their employees. It is a validation that the TDS has been deducted and deposited with the government authorities on behalf of the employee of the organization.

Form 16 gives a detailed summary of the salary paid to the employees and the deducted TDS. TDS Form 16 contains all the information that an individual needs to prepare and file the income tax return.

The employers are required to issue a Salary TDS certificate every year on or before the 15th of June of the coming year immediately after the financial year in which the tax is deducted. There are two components of Form 16 Part A and Part B. If an individual loses Form 16 he can request a duplicate Form from the employer.

IndiaFilings can help you manage TDS compliance online. Our TDS experts will help you file all the TDS returns pay any overdue TDS deposits and also the issuance of Form 16 to the employees.

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All Inclusive Pricing - No Hidden Fee

Basic

₹.200

all inclusive fees
  • 1 - 25 Employees
  • 4th Quarter TDS Filing or Verification
  • Annexure II Filing or Verification
  • Form 16 Generation & Issuance
  • ITR-1 Filing for Employees

Standard

₹.250

all inclusive fees
  • 26 - 100 Employees
  • 4th Quarter TDS Filing or Verification
  • Annexure II Filing or Verification
  • Form 16 Generation & Issuance
  • ITR-1 Filing for Employees

Premium

₹.300

all inclusive fees
  • 101 - 500 Employees
  • 4th Quarter TDS Filing or Verification
  • Annexure II Filing or Verification
  • Form 16 Generation & Issuance
  • ITR-1 Filing for Employees

What documents are required for registering a propritorship in India?

Part A of Form 16

It provides the details of the TDS that is deducted and deposited. This form can be generated by the employers through the TRACES portal.

The employer must verify the contents before issuing the certificate. Here are a few components of Part A of the salary TDS certificate.

Part B of Form 16

It is an annexure to Part A, Part B is prepared by the employer for its employees and it contains details of the breakup of the salary deductions approved under Chapter VI-A. In case of a job change in one financial year, Form 16 should be obtained by both employers. Some of the components of Part B are:

Here is the list of deductions

TDS is calculated on the income tax rates that are prescribed for the financial year in which the payment of the employee is made. An individual responsible for paying the taxes can increase or decrease the amount that is deducted based on any adjustments in the previous deficiency or excess deduction.

The total amount of the TDs will be determined by the following elements:

Exemption Limit Leave Encashment Notified Allowances
House rate allowance Perquisites Donation by employees under 80G
Other deductions Bonus or incentives Estimated Salary

If an individual is employed by more than one employer during a financial year then tax will be deducted on the aggregate salary by one of the employers as chosen by the employee by submitting information in Form 12B.

Thus if an employee has more than one employer in a financial year then he is required to furnish information in Form 12 B to one of the employers. Once Form 12B is submitted it becomes an obligation for the employer to deduct TDS.

Proprietorship Registration in State

Proprietorship Registration in City

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