Quick Summary
Form 16 contains details of salary paid and TDS deducted during the year.
Form 16 is issued under section 203 of Income Tax Act. Part A contains TDS details from TRACES. Part B contains salary breakup and deductions claimed. Required for filing ITR by salaried employees.
Key Points
- TDS certificate
- Issued by employer
- Contains salary details
- Part A and Part B
- For ITR filing