What is Form 16?

joel : Tue, 08/07/2018 - 16:23
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Post on: Tue, 08/07/2018 - 17:05

Form 16, popularly known as TDS certificate, is a certificate that a deductor (that is, an employer or a bank) gives you as proof that the tax deducted from your salary or interest has been paid to the income tax authorities. You can compare the amount of tax deducted against Form 26AS available on the TRACES portal to confirm that the said amount has indeed been paid to the authorities. For more details read this.