Form 16 For Income Tax:
Form 16 certificate, Form 16 Declaration and Form 16 for Income Tax is very famous terminology used by most of the working people around us, which is heard lot of times, but majority of people have no idea and not aware about it. What is form 16 certificate? Why we need that? Am I eligible for that? If I am eligible, what should I do now? What is form 16 declaration? Can we get form16 online? These are the questions remains in the mind of a large amount of people. To know about it, just go on.
Form 16 certificate and Form 16 Declaration are generally used to file income tax for the money earned. If you are working in a reputed organization, then you will undergo a deduction of salary as tax. This deduction is called as Tax Deduction at Source (TDS) and the employee will be assigned with a unique TIN number, called as Tax Identification Number.
Form 16 for income tax should be provided to an employee at the end of every financial year, it should contain all the details about the salary earned and how much money deducted as income tax. On behalf of employee, the organization will deduct tax money from the employee and pay to government as tax.
Form 16A has little bit difference from form 16 certificate. Form 16A is used for any other institution for deduction of tax. The form 16A and form 16 declaration are sharing same principle. If the employee’s working company deducts tax, it will be registered through form 16 declaration. If the tax deducted from the money earned from any other institution like share market, national saving scheme and commission based on lottery tickets comes under form 16A.
Form 16 Online:
Form 16 for income tax and form 16A can be obtained from online, the link is provided for form 16 online