Everything you need to know about Form 16 – TDS Certificate for Salary| With Auto Calculate Income Tax Form 16 Part A&B and Part B for the F.Y.2022-23 & A.Y.2023-24 in Excel

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…