Under section 203 of the income tax act, 1961 the tax deducted at source tds from the income earned as salaries is reflected in this certificate. Basics, part a, part b, procedure, pdf form 16 is the certificate under section 203 of the incometax act, 1961 for tax deducted at source on salary tds, uncategorized form 16. As you may aware that income tax department has made it mandatory to download form 16 parta from tdscpc website vide their circular 420 dated 17. Form 16 b is a tdc certificate which shows the amount of tax deducted at source on the property deposited by the buyer to the income tax department. Here you can download the latest auto income tax calculator for fy 201920 ay 202021 or simply form 16 in excel format for ay 202021. What is form 16b form 16b for income tax return filing. The type of tds return form to be submitted is based on the nature of income of the. All salaried individuals are eligible to get a form 16 from their employers. Excel tds form16 automatic certificateay 201516 download. How to generate form16a for payments other than salary cleartax. Both the forms are important and are required to help you file your return smoothly. The details mentioned in this form are required for filing of income tax returns.
After the successful filing of tds return for payments other than salary form 26q, you will have to download form16a. Form 24q, we are always have a confusion as to now how to get form 16 part a and. Form 16 is the most commonly heard form and if you are a salaried person, you should have received form 16 annually from your employer. First, a request for form 16 has to be placed at traces. Form 16a files are available from fy 200708 onwards. When the employee files his income tax return, then form 16 should be taken from the employer, where the details of tax deducted and deposited are certified. You have to file quarterly tds returns in form 24q april, may and june 2020 and so on but issue of form 16 to employees shall be with last quarter tds return i. You can download the form 26as from the income tax departments online website, by logging in with your credentials. It helps you in tds computation, generates tds return form 24q, form 27q, form 26q, form 27eq, form 16, form 16a and efiling of tds returns. Tds return form brief about form number and particulars. Downloading of tds certificates from traces made mandatory. Article explains important information to download form 16c from traces website, brief steps to download form 16c and pictorial guide to download form 16c. The changes in form16 have also made the form in sync with the itr forms notified for fy 201819. No separate tds software download required to prepare form 16s online.
Under section 203 of income tax act, 1961, every employer whether in government sector or in private sector, is required to issue in form 16, a certificate for tax deducted at source tds from salary. Basics, part a, part b, procedure, pdf form 16 is the certificate under section 203 of the incometax act, 1961 for tax deducted at source on salary. These certificates provide details of tds tcs for various transactions between. As the deductor is liable to deduct tax and file the tds return form as the supporting document, it is important to note that there are various types of tds return forms for different situations. Download excel format of new form 16 salary certificate, 16a tds certificate, tcs challan no. This utility is also freely downloadable from nsdl egov tin website. Important information to download form 16c request for downloading form 16c tds on rented property can only be submitted when 26qc statement cum challan is processed. Form 26as can be downloaded by logging in to your income tax account your employer should give you the form 16 tds certificate with in reasonable. A tds return is a statement submitted to the income tax department on the quarterly basis. Form 16a form 16a is given as tds certificate for tds deducted on income other than salary income. It can be downloaded from traces and considered as valid tds certificates, as per cbdt circular 0420 dated 17th april 20. Search pan download option is to download form 16 parta of. Every employer must issue form 16, if tds has been deducted from the employees salary as per the law under the it act, 1961. Forms 24q, 26q, 27q and 27eq can be validated using this utility.
Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 201516. Excel auto salary tds certificate form 16 for ay 201920. The basic requisite to file your tds return is to download the tds return forms. In order to file your income tax returns each year, form 16 is the underlying premise that simplifies the return filing procedure. In case the e tdstcs return contains any errors, user should rectify the same in the excel utility itself. Certificates downloaded from traces are in a specific format. Form 16 generation in saral tds request, download and. So, tds deductions that are available in form 16 and form 16a can be crosschecked and verified using the actuals in form 26as. Form 16 in excel format for ay 202021 free download.
It certifies that tds has been deducted on your salary by the employer. It is usually 1% of the amount that buyer has paid to the seller. It is mandatory to issue these certificates to tax payers. If an employer deducts tds on salary, he must issue income tax. Free download tds return filing software for fy 201920. If your employer deducts tds from your salary, then he must issue your form 16 as it is a tds certificate which reflects the tds is deposited to government. Winman tds software is software for tds returns preparation, generation and efiling. In this regard, your attention is invited to the cbdt circulars 0420 dated 17. It contains details of tds deducted by an employer. Every employer issue form 16 to the employee when tds deducted from the salaries of employees.
This also acts as a proof of income and tax deduction during income tax return filing of the employee. How to download form 16 part a from tds cpc website taxguru. Form 16 is issued by the employers to the employees after deducting the tds from their salary. At the time of sale, he will have to deduct tds of the immovable property. Revised excel auto salary tds certificate form 16 for ay 201920 download. The forms can be downloaded either from the official website of the income tax department or from the tin nsdl website. Form 16 is the tds certificate given by the employer to the employee for the tds deducted from the salary of the employee. The process of downloading tax deduction return forms is easy and just a matter of a few seconds. The content of form 16a is similar to part a of form 16. Form 16 download process form 16 is a certificate issued by an employer evidencing the tds which is deducted from your salary and deposited with the authorities. The employer emails this form 16 part a to their employees at the end of each quarter andor financial year. For individuals, hufs and firms other than llp being a resident having total income upto rs. Other important income tax documents include form 26as, form 12bb, form 10ba and form 15g 15h form 16 part a.
Form 16 is essential while filing a tax return, if youre a salaried employee. However, a person filing itr 2 would still need their salary slips. Under section 192 of the income tax act,1961 every employer should deduct tds from employee salary. These certificates provide details of tds tcs for various transactions between deductor and deductee. Users must pass the e tds tcs return file generated using rpu through the file validation utility fvu to ensure format level accuracy of the file. Wadhwa says, these changes have been made by the incometax department to cross check the information given by an employee under itr with the tds return filed by his employer. Converter utility can be downloaded from download requested download tab. If an employer doesnt cut the tds for an employee, then he. Keeping in view the latest amendment made by income tax department regarding tdstcs forms, returns and procedures w. One can also calculate the income information and amount of tds and rate of deduction. The amount is in turn paid by the employer to the income tax department.
General information for electronic filing of tds remittance voucher and payment of tax. You should ensure that tds certificates form 16 16a issued to you are downloaded only from traces tds reconciliation analysis and correction enabling system of the income tax department. Bulk verification of pan, challan and certificate us 197. Form 16 and form 16a both are tds certificates, whereas form 16 is used to file returns on income from salary and form 16a is used to file returns on income other than salary, for example, interest from fixed deposits in banks, income from house rents etc. Tds is the amount of tax deducted by the employer directly from the employees salary. Concurrent changes have been made in the format of the tds return details of tds from employees salaries filed by companies with the tax department to allow the tax man to cross check an employees itr, form 16 and the companys tds return easily. The process of generating form 16 in saral tds is as below. As an taxpayer you can always cross verify the information given in form 16 with the form 26as. Just upload your form16 and cleartax will automatically prepare your income tax return. Form no 16 is mandatory for the persons individuals whose source of. Income tax return forms, tax deducted at source forms, tax collected at source forms, form 16, 16a, 26as and more. Form no 16 is a certificate which is issued for the tax deduction at source for the income earned under the head salaries. Form 16 how to fill form 16 with example bankbazaar. People looking for software which can easily handle filing tdstcs online and quick intimation dont have to go anywhere.
These deducted tds details are acknowledged in form 16 tds certificate. Recently, the format for form16 tds certificate for salary and form24q tds return to be filed by employer has been amended wherein the. As we all know that when we file tds return of salary i. Employer should download the form 16 with time given by the income tax department.
The etds software provides you efficient tds solution for generation of tds nsdl quarterly statements and thereby. Form 16 is a certificate of proof under section 203 of the incometax act, 1961 that tds has been deducted from. Due date to issue form 16 of fy 1819 by employer to employee has been extended to 10th july, 2019 form 16 is a tds certificate issued by an employer to his employees at the end of a financial year. This formality requires filling up a tds return form. Download income tax forms form 16 a, itr forms etc. There is a common misconception that an individual a download form 16 on traces website using the pan number. Form 16a text file will be available only after you have submitted regular statement in form 26q27q and the same has been processed at tds cpc. File tds return and generate form 16 online with cleartds. Form no 16 is a certificate issued under section 203 of incometax act, 1961. Form 16 16a is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. Basically, income tax form 16 is a certificate from your employer. Both form 16 and form 26as will come in handy when filing your income tax returns. Frequently asked questions faq on form 1616a tdsman blog.