Form 16 is a document generated by the Income Tax Department and provided by the employer to employees, summarizing their salary and tax payments.
It contains two parts:
- Part A
- Part B
Part A contains details like
- Information of the Employer and Personal Information of the Employee
- The assessment year is the year in which the income is assessed.
- The period of employment with the current employer in that financial year.
- Summary of the salary paid.
- Date of tax deducted and tax deposited with the Income Tax Department.
- Summary of tax deducted and deposited every quarter.
- Acknowledgment number of the TDS Payment
Part B contains details on the salary paid, any other income reported by the employee, and the amount of tax due.
It highlights the following:
- Total Salary Paid
- Exemptions allowed.
- Gross Income
- Income/Loss from House Property
- Deductions made from Salary towards Chapter 6A
- Net Taxable Salary
- Income Tax
- Surcharge if applicable.
- Education Cess
- Rebate under Sec 87 if applicable
- Relief under Sec 89 if applicable
- Total tax payable
To download the Form 16
Log in to “ESS.”
Click the “Menu bar.”
Click "Reports."
Select the year from the drop-down.
Click the "download icon” against Form 16 to download the same.
