Everything you need to know about Form 16: TDS Certificate for Salary | Employers issue Form 16 TDS certificates to their employees. It is proof of the deduction of tax at source from the employee’s salary. Furthermore, the genesis of this form can be seen in section203 of the Income Tax Act 1961 as TDS. It is a part of the income under the “salary” heading. Therefore, When is Form 16 issued? In other words, Form 16 is issued on the employer’s tax deduction from the employee’s salary. The tax deducted by the…