Form 16 is the TDS certificate that an employer issues to an employee. When an employer deducts TDS from employees' salaries, the Income-tax Act requires a certificate to be issued by the employer, where the details of the tax deducted and deposited are certified.
Form 16 Part A is obtained directly from the Income Tax site, while Form 16 Part B is internally generated within greytHR by extracting data from your IT Statement/IT Declaration. The admin can verify Form 16 using the IT Statement/IT Declaration in greytHR. However, you can also refer to Form 26AS online to verify Form 16.
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Related Links:
Video- To watch the video on Form 16, click here.
FAQs- To read more FAQs about Form 16, click here.
Documentation- To learn more about Form 16, click here.
Product Update- To read about the product update, click here.
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