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.
Subscribe to our future articles here.
June 29, 2012 at 3:37 am
Hi Krishna,
VERY USEFUL ARTICLE. AND MOREOVER YOUR HELP IS REALLY APPRECIABLE
THANKS
PRASOON
June 29, 2012 at 3:47 am
Hello Prasoon,
Thank you for reading my blog.
Thanks,
Krishna
July 27, 2012 at 10:45 am
can i use form 16for loan perpos.
July 29, 2012 at 8:11 pm
Yes. It depends on the banks.
July 27, 2012 at 10:13 pm
UR article is very useful sir.
how to get IT refund sir???
July 30, 2012 at 10:48 am
hi good morning sir,
i have some problem about form 16 ple help me
July 30, 2012 at 10:51 am
hello my anualy salary is 1.2 pacage but i want to form 16A what can i do for that?
August 5, 2012 at 3:01 pm
A public limited company cheating my payments .eventhough they have paid TDS amount of cheating payment’s to INCOMETAX (seen 26 AS form on my PAN account)
But still i could not get from TDS certificate and payments
What should i do Kindly advice
August 28, 2012 at 12:03 am
Hi,
I have recently bought one apartment and my buyer is NRI. My bank is asking for form 16A for my loan sanction and my buyer is clueless about it. pls help?
July 1, 2012 at 11:14 pm
How to file tax, in case i have Form 16 and Form 16A?
July 2, 2012 at 6:26 am
Hello X,
You have to provide the details of Form 16 and Form 16A in the ITR and file the returns.
Thanks,
Krishna
July 2, 2012 at 3:18 am
is the form 16 A should be annually one or can we issue quarterly basis ?
July 2, 2012 at 6:34 am
Hello Y V RAMANA MURTHY,
Form 16A is issued annually.
Thanks,
Krishna
July 2, 2012 at 11:54 am
I have my digitally signed form 16 with me issued by my employer. How can i file my returns?
July 2, 2012 at 7:17 pm
Hello Anup,
Check if it has the form data filled, when you click on the link it will load ITR page and fill the data automatically. Otherwise you have to do it manually.
Thanks,
Krishna
July 2, 2012 at 11:28 pm
I have form 16 issued by my employer and form 16A issued by my bank. In the both the forms the TDS details are correctly specified. However while checking the form 26AS (TAx Credit statement) the details of bank is not available. Please advise.
July 3, 2012 at 4:04 am
Hello Siva,
Please check with bank if they have submitted the data to income tax dept.
Thanks,
Krishna
July 4, 2012 at 1:53 am
I have 2 Form 16s from my earlier employers. For filing ITR for AY 2012-13, which one should I consider?
July 4, 2012 at 1:54 am
I have 2 Form 16s from my earlier employers. For filing ITR for AY 2012-13, which one should I consider? Kindly let me know
July 4, 2012 at 2:04 am
You have to use both the form 16s to file the ITR.
Thanks,
Krishna
July 5, 2012 at 1:41 am
I have lost my ITR-V for financial year 2009-2010. Is there a way to get a copy of it. I need it to apply for a loan. Please help.
July 5, 2012 at 3:40 am
Hello Phani,
If you would have filed through online, you can download it from the website. Otherwise, please write to the income tax officer.
Thanks,
Krishna
July 6, 2012 at 1:22 am
hey as i heard that form 16A issue qurterly to whom we diducted TDS for that quarter,,,is it?????????//
July 6, 2012 at 1:40 am
Hello ricky,
It is issued once in a year.
Thanks,
Krishna
July 6, 2012 at 2:25 am
1.Who should fill the contents of the form-16?
2.If the employer fills the contents whether the contents of the form 16 be hand-written or will it be printed?
ie. Name: ARGEN
PAN: NNYY5544T
“Name” and “PAN” will be printed letters.
How will the contents : ARGEN and NNYY5544T be… Are they Printed or Hand-Written…???
Plz clarify my doubts ……..
July 6, 2012 at 4:14 am
Hello Surendar,
It is printed by your company with tds details.
Thanks,
Krishna
July 6, 2012 at 9:04 am
Sir,
earlier i have work with wipro and as a trainee and he has given me form 16A.
in last November I have contacted with one of incomtax agent to fill this and he has been done this but i forget to save there details.
And now its 9 month to complete but not get my amount.
So please suggest me on this please as my amount was 20,000/-
Regards,
neeraj
July 10, 2012 at 11:10 pm
Hello Neeraj Singh,
Please explain your problem in more details. It is not clear what is your issues.
Thanks,
Krishna
July 8, 2012 at 10:08 am
thank you so much , very informative……!
July 8, 2012 at 10:12 am
Thanks for this article.
So does this mean… that EVERY salaried employee in a company MUST be given a form 16 A by the employer?
July 10, 2012 at 11:17 pm
Not form 16A. It is form 16 issued by the company.
July 10, 2012 at 9:42 pm
Hi Krishna,
Is it that whenever there is deduction from salary we can collect form 16 from finance team or we need to fill any details somewhere?
July 10, 2012 at 11:15 pm
Hello SSS,
It will be issues at the end of financial year.
Thanks,
Krishna
July 10, 2012 at 11:22 pm
Ok. Its just that we need to collect from company on time as of now. Thats it..right??
July 10, 2012 at 11:03 pm
great job very helpful
July 11, 2012 at 3:13 am
Hello akhilesh,
Thank you for reading my blog!!
Thanks,
Krishna
July 11, 2012 at 3:32 am
Hi Krishna,
I have a deposit with HDFC and they issued a Form16A for FY2011-12 with 10% of the interest deducted as part of the TDS. Now when I file the ITR is there any other tax liability that I have (in the 30% tax-slab bracket) or is the tax rate on interest on such deposits limited to 10%?
Thanks,
Navjot Rattan
July 11, 2012 at 3:55 am
Hello Navjot Rattan,
It is 10% fixed and you need not pay any extra taxes for the interest income.
Thanks,
Krishna
July 11, 2012 at 5:01 am
Hi Krishna
Nice blog and helpful info. I have a Form 16(A) issued by my previous company (I worked as a contractor there) and a Form 16 issued by my current company. To file returns using both, do I need to fill both ITR-1 and ITR-4? Or, is it sufficient to fill ‘TDS deducted from other than Salary’ section in ITR-1 with the details in Form 16(A)?
Can you pl suggest?
Thanks
July 11, 2012 at 11:59 pm
Hello Sarath,
No need of filing ITR-4. You can file ITR-1 or 2 by showing the form 16 a details.
Thanks,
Krishna
July 22, 2012 at 4:42 pm
Dear Sir
This’s Govind From vellore i received Form 16A From My Previous Employer(ie Contract Basis) its claimable if claimable Pls Suggest your advice.
July 11, 2012 at 10:32 pm
we have filled I TR of Rs 144000 /- as our business is not going well.We have producing all our relevant documents for obtaining Income Proof Certificate from Tehsildar which is required for our daughter college free ship under SC caste category.
Sir can you please guide me urgently whether we also have to fill form 16 / form 16a.
July 12, 2012 at 12:02 am
Hello Manisha,
Form 16 and 16A is not related to you. Need not worry about it.
Thanks,
Krishna
July 12, 2012 at 12:41 am
Hi krishna,
I have approached bank for getting home loan,they demanded form 16,but my company provided only form16A .but bank officer(sbi) not accepting form 16A.They require only form 16.kindly confirm can i get loan with form 16A?
July 18, 2012 at 4:09 pm
Hi Mr.Krishna,
Gone through your blog, really interesting aspects.
I am working in an IT firm say XXX and every month not tax will be deducted from the salary in the form of TDS or anything.
Example if the monthly pay is 25k, it will be given in the form of Cheque or transferred directly into the account.
The thing is from last year 2011 I am under tax slab 10%, our employer didn’t pay any tax under myself to the govt as nothing has been deducted in the salary.Is there any way to get the Form 16, I am willing to pay tax as this Form 16 is mandatory when shifting the company.Please give a suggestion.
July 12, 2012 at 1:50 am
Hi, my mother has been given 16A form from the bank. Would like to know where should she submit?
September 27, 2012 at 7:03 pm
Dear swetha,
The bank has deducyed TDS on interest paid and issued her Form 16A. She should file the ROI and take this TDS in that while filing it.
July 12, 2012 at 3:11 am
I have received an amount as arrear of revised salary w.e.f.1992, after 6(six) years of my retirement following a court order. Now my exemplyer supplied me form16 after TDS.
The question is—-
Whether this TDS should be supllied in form16 or in 16A?
July 13, 2012 at 6:44 am
I should be in form 16
Thanks,
Krishna
July 13, 2012 at 3:02 pm
Hello Krishna,
Nice blog with great info.
I am working as a consultant/freelancer for various companies.Hence they have sent me the Form 16A,some hard copies and some online.My question is that I don’t feel that my annual income come under the tax paying limits.Actually I am completely laymen in this context.Is it like can I submit the form16A and get the amount back…I don’t have any idea,till date I have never filed the returns.Please help.
Thanks in advance for your help.
July 13, 2012 at 10:14 pm
Hi Krishna,
I have an account in HDFC bank and don’t have Form 16A as yet. Where can I download it from? Or do I have to visit the bank to get it?
Thanks,
Priya
July 14, 2012 at 11:02 am
hi. I m working as consultant since 11 months.my employer issued form 16 for me instead of form16 A .is there any way to change this. they submit tDS quarterly.
July 15, 2012 at 5:30 am
Very useful site.
I appreciate your time and patience in replying to the queries by layman.
Thank you again for helping us.
July 16, 2012 at 10:10 am
it is really helpful for me, u made it so easy to understand. thank you
July 17, 2012 at 12:11 pm
Hello sir, very good explanatory to understand
In my case I have Form 16A for 3 months(April’11 to June’11) that i got under fees for professional or Technical Services.
Then for next 9 months(June’2011 to march’2012)i was salaried employee, I have form 16, Now I have to file ITR. My questions are
1)which ITR form I have to use (ITR1, ITR2..?)
2)For the tax that i paid under form 16A will i get reimbursed.
or 3)The total amount is taxable so I have to mention the sum of all the amount that i got under form16 and form16A ..??
waiting for your reply,
Thanks,
July 17, 2012 at 3:51 pm
Hi,
I have done some investment for the Financial year 2012-13 before the 31 Mar 2012. Whereas my company took all the relavant documents to generate form 16 in Jan 12 only. So the form 16 i have received doesn’t include my 50000 tax saver fixed deposit. Would you please suggest where do i need to furnish the FD certificate while filling the tax returns?
July 19, 2012 at 5:21 pm
Hi Krishna,
I am working for a company which issued me form 16 for AY 2012-13. During previous year I worked for a college for 6 months as part-time faculty which paid me 50,000 and deducted 5000 TDS on this. They have issued me form 16A. I fall in tax bracket of 10%. I am E-filling return on ITR-2. My questions are-
1. where should I put this income of 50,000 in ITR-2?
2. While filling TDS tab or ITR-2 there is schedule TDS2, which doen not ask for income. It just asks for Tax deducted only. Where to put my income then?
3. If I put my income in other income of 50,000 in CG_OS tab in Schedule OS, in which row it should be put?
4. The college has deducted only 5,000 Tax but there is education cess on tax .03% or 150/-. Do I need to pay this amount?
Please reply as soon as possible.
Regards
Ajay
July 21, 2012 at 11:10 am
Dear sir,
I am working in a private ltd company and i getting the salary of 19000 per month. When i approached a bank for the home loan they are asking for the IT returns my company says we are not deducting the tax money from your salary since you are not under the tax paid.
What to do please advice
July 23, 2012 at 11:09 am
Hello Sir,
I started working in april 2011 to june 31st as a contractor in a software company. My contract company has sent me form 16 with tax payable as Zero Rs (total income is shown as less than 10k). So my question is should i have to take any action on this ? am i done with the tax procedure? should i file anything else ?
July 25, 2012 at 8:50 am
What should we do if my employer doesn’t give form 16?
July 26, 2012 at 7:42 pm
I AM IN PROFESSIONAL SERVICE AND I RECEIVE FROM 16A, PLUS I DO SOME OTHER TECHNICAL WORK WHERE THE CLINENT PROVIDES ME FORM 16A PLUS BANK INTEREST FORM 16A. WHICH ITR I SHOULD FILE,,,,,,,,,,,,TWO YEARS BACK I FILED ITR 1, THE TDS RETURN STILL FORTHCOMING, NEXT YEAR I FILED ITR 4, NO RETURN YET,,,,,KINDLY SUGGEST WHICH ITR I SHOULD FILE
July 26, 2012 at 7:47 pm
Hello Sir
Is form 16a the same thing as ITR statement?
July 27, 2012 at 10:44 am
I am Employee of an organisation and my package is 2.7. But they are saying that they can give form 16 to only those employee who have pad some amount for tax.
Kindly suggest me what I should do for that. Can I get Form 16 or not.I haven’t pad any one rupees as tax.
July 27, 2012 at 2:05 pm
My Basic Salary-10,100, HRA-12,500, Conveyance Allowance-800, Medical Allowance-1,250, Miscellaneous-350. Total Earning-25000.00. My company told me that you are not liable to pay a taxes. They are not given a Form 16 also. Because my TDS is also not deducted. I want to file my IT returns pls help
July 28, 2012 at 12:27 pm
I am a Central Govt pensioner receiving my pension through State Bank of India, Pune Main Branch. Form 16, received from the Bank as late as on 17 Jul 2012, shows TDS deductions made in Qr 1 and Qr 2, but these are not reflected in Form 26AS which I viewed (for purposes of e-filing my return). Also I had made two deposits of Advance Tax, which though shown in Form 26AS, have not been shown in Form 16 by the Bank despite my providing them proof of the deposits. Form 16 then shows an amount (roughly equivalent to the Advance Tax deposited) as Tax Payable. Under the circumstances how am I to file my IT Return by due date and in what manner – e-file or paper-file? I shall be grateful if you could solve my predicament.
July 30, 2012 at 8:09 am
Hi Krishna,
Govt acquired our land and provide compensation of land in form of money. Govt deducted TDS and provided rest of the money. We have received form 16(A) from govt dept. I just want to know which ITR form I need to fill in this case to filling return.
Thanks in advance
Pravesh
August 1, 2012 at 6:14 am
I AM NEW EMPLOYEE OF MY CO. I RECEIVED FORM NO 16 BY CO. MY 2500 RS DEDUCTED FOR TAX .IN FORM NO. 16 EVERY THINGS IS OK BUT THEY HAVE PRINTED PAN NO OF OTHER PERSON .SO WILL IT IS CO HAD SUBMITTED MY AMOUNT IN GOVT.
August 1, 2012 at 10:43 am
hi,
I have been working from past 1yrs and i got form16A. So what i have to do with it. I have no amount mentioned as tax detection in my form.
August 1, 2012 at 12:54 pm
hello sir
sir i am confuse about form 16 A. will u plz inform me what is benefit if i fill form 16A plz reply me as soon as possible
Thanks in advance
Ram
August 1, 2012 at 4:31 pm
I want to know if the employee transfer from one branch to another branch. and the TDS for 3 months deducted from first branch and another 9 months deduct from another branch. than how issue form no. 16 in this case. any laws related for the same. please for the same.
August 4, 2012 at 1:25 pm
Hi i got form-16(A), how i need to claim the amount, what is the procedure to get that money .. i dono anything abt form-16(A), is there anyway to get that amount from bank.. i am having account in canara bank
August 7, 2012 at 3:22 pm
Hi,
Just last month i finished my graduation, in my last academic year i worked as an intern in a company for 11months and at that time i was getting some money as stipend. Every month 10% of the stipend is deducted and employer issued two Form 16A, in two quarters. I’ll be joining some other company in next month.
Now my questions are:
1. what to do with those form 16A?
2. Is it possible to get back the deducted money?
August 8, 2012 at 5:25 pm
Your employer is doing wrong thing if your stipend is below 180000 in that eleven months..and you should file your income tax return for getting refund(get ur money back if deduted in excees of ur tax liability)
August 8, 2012 at 5:19 pm
Sir I think TIN is Taxpayers Identification Number And not Tax identification Number…..
August 18, 2012 at 10:40 am
about tell me form16 and tell me file how itr forms and make a computation performa
August 19, 2012 at 8:35 am
nice and usful,thank you. iam cheif life insurance adviser in Lic of India, chennai.my clients salaried persons asking to fill the It, iam planning to it filling to my clients free of cost. may i do it ? pls guide me.
my cell no 9840047520, email , nagarajvlic@gmail.com
August 22, 2012 at 5:10 pm
Hi,
Can you let me know how the income tax will be calculated for Consultants who works on their own?
Thanks.
August 24, 2012 at 2:36 pm
Hi,
I received Form 16 from my organization for the salary, i have Loss from house Property also.
In addition to above i got Form 16A u/s 194J(Income from profession or technical services).
Which ITR form do i need to submit?
Thanks in Advance
August 27, 2012 at 12:57 am
I had invested in FD for which I received interest at the time of maturity. In the 16A form issued by Bank, some of the FD interest are shown to have a TD deduced which are featuring in 16A. But many of my FD interest are not in 16A.
During filing of my returns, I have to file both the 16A details as well as the interest received othrwise from FDs or do i only mention 16A details.