In this article I will be writing about Form 16 and Form 16A which is needed while filing the IT returns. Many people not aware of the from 16 and the intention of this post is to provide details about the form 16 and why it is needed. Form 16 and 16A is similar in nature with small difference. If you come across any doubts or queries regarding the Form 16 and 16A please post it in the comments section.
In simple words, form 16 is the proof for your income and tax paid to the govt. before filing the IT returns. Most of the banks prefer to have the form 16 for verification for find your income. So, it is very important for you to get the form 16 from your employer. If you have any doubts, please post it in the comments section. Please subscribe to our future articles here.
also read:
What is Form 16?
If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. This process is called as Tax Deduction at Source (TDS). Every company has to get the TIN. TIN is Tax Identification Number. This number is issued to a person who is responsible to deduct Tax on payments made to employees.
At the end of financial year, company must issue a form 16 which contains the details about the salary earned by that employee and how much tax deducted. It will have details on each month. In simple terms Form 16 is details about the tax deducted by the employer in behalf of employee. The same will be paid to government by the company. Many people think that getting the Form 16 alone is enough for the tax filing. Receiving the form 16 is different from filing the tax returns. Tax payer has to use the Form 16 to file the IT return every financial year end.
For example, if you have worked in two different companies in the same financial year, you must obtain the two Form 16 to file the IT returns.
Form 16 is Certificate of deduction of tax at source under section 203 of the Income Tax Act, 1961. Employers provide TDS certificate to the employees on Form 16.
It is not compulsory to give the form 16 to the employees if there is no TDS deducted.
What is Form 16A?
The purpose of the Form 16 and 16A is the same except the issuing person. Form 16 is applicable only to the salaried employee. There is many other areas where TDS can be applicable like deducing the tax for interest earned by your Fixed Deposit in the Bank. Here bank is the person who deducts the tax. For every financial year they must issue a TDS certificate to the customer. They have to fill the Form 16A and hand over to the customer.
- Example for Form 16A:
- Form 16A is provided by any other institutions deducted the tax in the form of TDS has to issue Form 16A. For example, you are working as an agent for a bank, they provide you the commissions for the sales. In that case they will deduct the tax and give you the money. At the end of year, they will give you Form 16A with the details of tax deducted on your commissions. This form will be used same like Form 16 to submit your IT returns.
- Form 16A is issued in the following cases:
- For interest on securities; dividends;
- interest other than interest on securities;
- winnings from lottery or crossword puzzle;
- winnings from horse race;
- payments to contractors and sub- contractors;
- insurance commission;payments to non-resident sportsmen/sports associations;
- payments in respect of deposits under National Savings Scheme;
- payments on account of repurchase of units by Mutual Fund or Unit Trust of
India; - commission, remuneration or prize on sale of lottery tickets;
- rent;
- fees for professional or technical services;
- income of foreign companies referred to in section 196A(2);
- income from units referred to in section 196B;
- income from foreign currency bonds or shares of an Indian company referred to in section 196C;
- income of Foreign Institutional Investors from securities referred to in section 196D
Summary
Download Sample Form 16
I hope this article is useful to understand the basics of Form 16 and Form 16A. These two forms are most widely used in our life time. After receiving the form 16, file your income tax returns online. If you have any doubts please post it in the comments section. I will answer all you queries. Thank you for reading this article. Please subscribe to our future articles here.
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July 18, 2011 at 3:37 am
Hi
My income for 2010 – 2011 was 3.10lacs/annum.
I believe non taxable income for men is 1,40,000
I invested 56k in some policies which will save 100% tax
I gave medical bills for 15k
Conveyance 9600
HRA 96k
Total comes out to be 3,14,600
Do i still need form 16, as there was no tax deduction from employer and as per the break up i believe my income is non taxable
Pls. let me know
Akash
July 18, 2011 at 6:49 am
Hi Krishna,
I have two questions:
1. If I need not pay any tax for an Assessment Year, can I still get a Form 16?
2. In an Assessment Year, if I worked as Contractor for 3 months and was full time employee for the remaining 9 months, can I get both Form 16 A and Form 16?
Thank you,
Joseph
July 18, 2011 at 10:25 pm
I miss my TDS(form 16a) original form for the year of 2009-2010. How can i apply now.
July 19, 2011 at 5:47 am
Hello V. Murali,
You can get it from the employer.
Thanks,
Krishna
July 19, 2011 at 11:18 pm
Dear sir,
I am working on third party pay roll in CEAT LTD from April 2009 to till date. My employer did not deduct my TDS from my salary & my salary for FY 2009-10 was CTC Rs 12500/- PM & for FY 2010-11 was CTC Rs 13750/-
Now I require FORM 16 for my Home Loan. how to get the FORM 16 for last two FY?
pl help me…..
Rgds,
Sameer
July 19, 2011 at 11:35 pm
Hello,
I am a senior citizen & have a fixed deposit of 2 lakhs in a bank.
For the year 2010-11 they have deducted 20% tax rate for the interest, eventhough I have produced the PAN card & the necessary forms.
Now, how can I get back that amount?
what all I should mention in the ITR?
Thanks,
John.
July 20, 2011 at 5:58 am
Dear Sir,
Yours advices are very helpful to me.
Thanks
July 20, 2011 at 11:37 pm
My salary is about 4.5 lacs. its just 9 months i am working. do i need to fill form 16
July 21, 2011 at 3:25 am
Hi Krishna,
I didnt paid any tax last year, but paid only professional tax. Will i get a form 16 from my employer?
July 21, 2011 at 5:11 am
Thanks for this useful information.
I have one query regarding this, In this financial year, I worked for two companies. but my Tax was deducting by only one company.
So should I take Form 16 from both companies?
July 21, 2011 at 11:25 pm
Hi,
In financial year 2010-2011 i have worked in two companies and from both companies(current and previous) i have obtained form 16.The aggregate salary shown in both forms is less than Rs.5,00,000 and hence no income tax deductions at source.Do i still have to file IT returns fro assessment year 2011-2012 i.e. till 31st July 2011?
Thanks
July 22, 2011 at 2:36 am
Hi,
In financial year 2010-11 i have worked in two companies as differenct role.
In April-2010 i worked in TCS and my income of fees for professional or technical services(Section 194J). and they deducted tax from my fees and provide me Form 16A.
From May-2010 to March – 2011 i worked as a salary employee in another company.
I have two types source of income (1) fees for professional or technical services (2) salary employee. so I am confusing about which ITR form should i fill up? ITR-1 or ITR-4.
yours advices are very helpful to me.
Regards,
Jayesh
July 25, 2011 at 6:21 pm
After getting form 16 from the employer what are the required steps to be followed in order to e-file tax return? Also in reference to form 16 if there is no TDS, is e-filing of tax return required?
July 27, 2011 at 3:35 am
My present employer did not deduct my TDS for year2010-2011. As per them , our company , a trading division which was about 16 months before and i am working in same , had sales less than 60 lac in 2009-2010 and a company can deduct TDS only one year after the year they have sales more than 60 lacs. Now in year 2010-2011, our sales are around 3.5 Crores and they have started deducting TDS also from April-2011.
Please advise me what kind of certificate/letter can i have from my company in place of Form 16 in this case so that there are no problems for me in future when i apply for Home loans etc.
Kind regards
Pardeep Ghai
Delhi
July 27, 2011 at 5:14 am
When i am trying to log to IT website for filing IT returns online it is coming as your middle and surname is not matching. Even after repeated attempts i couldn’t able to successfully log in. Please help me.
July 29, 2011 at 6:05 am
Hi,
My salary was below tax deduction limit even before deduction of savings. My company is not issuing Form 16 to me.
I need to file IT Return.
1) How can I file the IT return without Form 16?
2) Is it compulsory for the employer to issue Form 16?
3) What are other alternatives of Form 16 that an employer can give?
Waiting for the answer.
Thanks for the reply
Ashish
July 29, 2011 at 7:29 am
i got form16a from my company as i am contractor. Now how to apply for IT returns and will i get the tax amount back that was deducted? plz reply ASAP
August 1, 2011 at 3:16 am
Your article is great. Still I feel you have mentioned TIN in place of TAN. TIN is used in cases which involves Sales Tax/VAT. TAN is used for Income Tax. I hope you will check this and clarify me. Thank you in advance for your answer.
August 2, 2011 at 7:21 am
Dear Krishna
My company is not giving Form 16 to its employees. Instead they are issuing Tax Sheet showing all the contents of Form 16, company PAN, TAN and undersighned by payroll Manager. Should we insist for Form 16 or this taxsheet will be sufficient for filing income tax returns.
August 3, 2011 at 1:51 am
Hi Sir;
I am working in IT company from past one year. I am applying for home loan but they are asking form 16. Now i dont have and also i am not paying tax because my income less and there in no tax deduction from our company. Bank peoples are telling that if you are not paying tax than also I have to provide tax return like that they are telling.
Please suggest me..How to get form 16 and how many days it will take..
Please reply as soon as possible…
Thanks
Khaja
August 3, 2011 at 3:26 am
Dear Friends
Form 16 gives information on Tax Deducted by your employer. Your employer can get it from NSDL site by using his login ID, TAN etc. Once he gets form 16 (usually that is send to the employer’s mail ID directly from the site), he can send it to the employees. Form 16 can be availed even if no tax had been deducted; in that case the TDS details will show an amount of ‘zero’. Form 16 is an employee’s right and the employer can be penalized for not giving form 16. Guys… you have to be assertive in asking for Form 16. After all it is your lives, jobs and money…
August 3, 2011 at 3:34 am
IT Return can be submitted even if there is not tax to be paid. There is nothing in IT Act 1961 which restricts a person from submitting such a return. Many people do that. Go ahead submitting your IT returns.
Good Luck
August 4, 2011 at 2:54 am
Hi Krishnas,
I want to know that what are the salary slabs for form 16? suppose one’s salary is between 1-2lacs/annum, then does he needs form 16?
August 5, 2011 at 11:28 am
Hi Krishnas
I was working in a company where i use to get salary in the form of cash or check. The salary which i used to get was also below the taxable limit. No tax has been deducted from my salary.
In my present company, they need form 16 as a proof of my salary from my previous organization. I am not sure that whether my previous company has TAN or not.
Shall i ask my previous employer about Form 16
Please help…….!!!!! Its matter of my JOB……..
August 10, 2011 at 12:26 am
Dear Sir,
I am a Trainee Accounts Employee in a Private Limited Company,
I have not deducted the TDS 94C of One Company and not filled also
for the financial year 2010-11. Now, that party is asking Form 16A
How to come out of this problem. Kindly give the suggestions
August 12, 2011 at 12:45 am
Hi,
I had worked for 5 months from jun 2010 – oct 2010. Post that i had taken a break. Now i am joining a job again and they want me to bring my earlier form 16. what do i need to do and how should i go about it ?
August 15, 2011 at 11:13 am
I lost my last 2 yrs form 16 but i filed my returns. can some body help me to how to get it in online.
August 19, 2011 at 6:41 am
Hi,
I am a salaried person. I have changed my job two times in last two years (June 2010 – March 2011 and Mach 2011 to present). I did not received my form 16 in both the companies. Please suggest on how to obtain the form 16, so that I can fill my ITR for last two FY. Thanks.
August 21, 2011 at 1:26 am
Sir,
I have recently changed(from June 2011) my Company where my salary is 22,000 PM.
In my previous company,I worked for three years. My salary was
10000 PM in 1st Year,
12000 PM in 2nd Year,
13000 PM in 3rd Year.
Sir, from both of the cases, under which I came to give Income Tax.
What is the ceiling for Income Tax?
Can I have a form 16 & where?
If I was not come under Income Tax Zone in my previous company, can I have a form 16?
I have a salary account in SBI and I want a personal loan from there.
Can I avail a personal Loan from SBI. I do not have the Form 16.
Please Help.
Regards,
Jayesh.
August 25, 2011 at 11:51 pm
Hello,
I have read all quetions n answers above but loan related questions are not answered yet. Please answer those or some of those.
My question is if my income is under taxable amount and it is not necessory to fill form 16 then what should i produce instead of form 16 to the bank while applying for loan.
Please help
Regards
Kajal
August 28, 2011 at 9:11 pm
HI,
Can you please guide me in following.
I joined a new company in January 2011 year. Previous to that I was working in a newly start up company and my Salary was below 1,60,000/-. So there was no tax deducted in my pervious company.
Now I’m filling up my Employee Proof Submission for the 2011-12 in my current company. So I need to submit details of my Previous Employer. My previous employer is saying they Don’t have TAN number and also there was no TDS so they can’t give me Form16 or IT Computational Sheets(which I can submit since in mid year I can’t get form 16)
My current company is saying either form16 or Tax Computationcal Sheets with a TAN is required/mandatory.
Now i want a home loan in LIC. They are asking to submit Form 16. So in this case what should I do?
Thanks in advance,
Jyothsna.
September 5, 2011 at 5:07 am
I jst worked in a ltd co for 8 months.my total working experience is 3 yrs.I never filled form-16.Do i need to fill it now for recent co?how will i get it?
September 5, 2011 at 7:49 pm
I have both form 16 and form 16 A for this year. The reason is I worked as a profressional/contractor for the last 2 months.
When I file my return I enter all the details and tds deducted from salary. How should I club the income from professional services and tds 10.3% deducted as TDS.
Please let me know if I have any other deductions available for these 2 months for which I can claim exemption of income.
Thanks
September 8, 2011 at 12:55 am
Hi
I have joined a new company in last April 2011.My salryee is 15.000 now i want to be finance a car but they told me that form 16 is mandatry for loan. So my question is that Is i m applicable form 16 and if yes then what we need to br do.
Thanks
September 14, 2011 at 4:22 am
Hi
Please guide me for getting form 16.
I am working as a Lecture in engg. college. For last Financial year 2010-2011 i did not receive form 16 from our institution, because my income is below the taxable.
But now( sep 2011) i plan to apply for home loan. In bank there are asking form 16. So i am in need of form 16. Now i am asking form 16 from our institution. But they told that period of providing form 16 is over(last date for providing form 16 is july 2011). so we cannot produce form 16.
Is there any period for getting form 16?
Is there any alternative option for getting form 16?
Is there any alternative for form 16?
Please give clarify my doubts.
Thanks
September 14, 2011 at 7:30 am
Hi krishna,
I recently changed my company. In my previous company i am not under tax bracket so no tax was cut(Only Professional tax was cut). But in my new company i am in tax bracket so they are asking me Form – 16 of previous employer. Is it mandatory to produce Form-16 or can i ignore it.
Thanks
Narasimha
September 19, 2011 at 4:17 am
Dear sir/ madam,
My salary is only 8400 per month, can i fill the form 16? and how to apply and what are benefit to apply this form16.
saroj
September 22, 2011 at 2:29 am
Hi
I was working for xyz company and my salary was 10k per month. In the salary slip they mentioned the TDS deduction of 1000rs every month and updated me to claim the TDS once i leave the organization. So kindly let me know what is the procedure of claiming form 16 and how long it will take to get my claims after i submit the form 16.
Please revert me on this ASAP.
thank you
October 27, 2011 at 8:12 am
hello,
i am an ex-defense personnel drawing my pension from a nationalized bank and i am not a tax payer nor i have submitted my returns so far.
Now i want an education loan for my child for higher studies but the bank is asking for form 16 of last 3 years.Plz suggest asap me what to do and how to get it.
Thanks in advance
November 3, 2011 at 2:42 am
hello,
How many months we need to pay the taxes to get the form16
November 10, 2011 at 8:53 am
Hi,
I’m working in an organisation and getting salaray on cash deposit and salary is Rs. 25000, In this case I cannot get Form 16 from my company since there is no deduction, like PF/ESI they are deducting only TDS so for getting home/property loan, whether form 16 is mandatory???
Pls suggest…
November 14, 2011 at 3:53 am
I want to know when is a person liable for IT refund ? OR what are the criteria’s to receive IT refund ? plz explain in detail…Thanks
November 20, 2011 at 11:26 pm
I recently joint new firm
I get here 10000 gross salary
But now plan to take home loan form bank
For his peepers I should have form 16 from my employee(Company)
But they said that we will gives you form 16 after one year
Please guide mi what I do or what they are say it correct or wrong
December 4, 2011 at 3:52 am
Hi all,
Please let me know can I get Form16 for academic year 2010-2011 by submitting returns in SEPT/OCT with fine
December 5, 2011 at 8:06 pm
Hi,
my current take home salary is 18500 and my company is not providing me the form 16 as they say i am not eligble for it as there is no tax deduction on my salary. Pls. advice urgently as i need to give the same to the bank as i need an personal loan.
December 5, 2011 at 8:15 pm
y current take home salary is 18500 and my company is not providing me the form 16 as they say i am not eligble for it as there is no tax deduction on my salary. Pls. advice urgently as i need to give the same to the bank as i need an personal loan.
December 7, 2011 at 5:07 am
Hi
My CTC is 22K, working from past 10 months, will get form 16?
Pls reply its very urgent for me
December 12, 2011 at 4:55 am
sir,
I want to know that what amt is deducted in Income tax return in TDS column.
Total of From 16A received from parties. or
Total of From 16A issued to parties
December 12, 2011 at 12:29 pm
I am working for a consultancy, my salary is 4,20,000 per annum. but the consultancy people are not issuing form 16. In this case can u suggest me how to get the form 16.
December 12, 2011 at 9:29 pm
Hi,
I have two queries as mentioned below:
1. i have not filed the tax for the year 2009-2010. is it possible to do now. if so how?.
2.for the year 2010-2011 my tax was zero( as i was out side india for 7 months). so a form 16 was not issued by my organisation . will i be able to apply for loan?