Separate Wage Document For Free

Form 16 is issued as part of Section 203 of the Income Tax Act 1961. The also known as TDS certificate, it principally serves as proof of tax deducted from the employee's salary so that relevant tax-saving benefits can be claimed at the time of filing income tax return.

While Form 16 is for only salary income, Form 16A is applicable for TDS on 'Income Other than Salary'. For example, a Form 16A shall be issued to you ? when a bank deducts TDS on your interest income from fixed deposits, for TDS deducted on insurance commission, for TDS deducted on your rent receipts.

An employee salary slip is a document which an employee receives from their employer every month. It indicates everything from the gross salary to the net take-home pay and deductions. After an employer provides your pay, the salary slip gets sent out each month.

Form 16A is used for TDS (Tax Deducted at Source) for non-salaried income, while Form 16 is often used for salaried persons. Both Forms 16 and 16A assist taxpayers in submitting their income tax returns. The amount of tax due to tax authorities is calculated using these forms.

Form 16 is only for salary income, and Form 16A is applicable for TDS on income sources apart from salary. Form 16A will be issued by when TDS is deducted for fixed deposits, for TDS deducted on insurance commissions, on rent receipts, or any other income you may receive on which TDS is deductible.

Section 22 of the Minimum Wages Act, 1948 an employer who fails to provide minimum rates of wages to the employees or contravenes any rule or order made under Section 13 of the Act shall be punished with imprisonment for a term which may extend to six months or fine not less than five hundred rupees or both.

Step-by-step Procedure to Download Form-16A Step 1: Login to TRACES. To login on TRACES, enter your User Id, Password, TAN or PAN and the captcha code. Step 2: Select Form 16A. Under 'Downloads' tab, select 'Form 16A' from the dropdown menu. Step 3: Select Financial Year and PAN.