Glossary term
Form 16
Form 16 is a TDS (Tax Deducted at Source) certificate your employer issues showing your salary income, deductions, tax deducted under Section 192, and tax deposited with the government. It has two parts: Part A (TDS details from TRACES) and Part B (salary breakup and tax computation). It is the key document for filing your ITR — use it to verify your income, deductions, and tax credits against Form 26AS.
Related terms
- Form 26AS
A consolidated tax statement showing all TDS, TCS, and tax payments credited to your PAN.