What is Form-16 || How to download Form-16 || How to fill Form-16 in 2023
Form 16 is a certificate of tax deduction at source issued by an employer to an employee. It contains details of the tax deducted from the employee's salary and deposited with the government. It is used by the employee to file their income tax return.
Here's how to download and fill Form 16:
Downloading Form 16: Your employer is responsible for generating and issuing Form 16 to you. You can either collect a physical copy of the form from your employer or request them to send you an electronic copy.
Filling Form 16: To fill Form 16, you will need to enter the following details:
Personal details, such as your name, PAN, and address
Details of your employer, including the name, PAN, and TAN
Salary details, including the amount of salary received, exemptions, and deductions
Details of tax deducted at source, including the tax amount and the TDS deposit date
Details of any advance tax or self-assessment tax paid
Using Form 16 to File Income Tax Return: Once you have filled in the details in Form 16, you can use it to file your income tax return. To do this, you will need to log in to the e-filing portal of the Income Tax Department and follow the instructions to file your return.
Note: It is important to keep a copy of Form 16 for future reference and to ensure that the information entered is accurate and up-to-date.
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