Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Form 16 is a TDS certificate issued annually by an employer, summarising salary paid and tax deducted at source during the financial year.
A certificate from your employer showing your salary and the tax already deducted.
Has Part A (TDS summary, PAN/TAN details) and Part B (salary breakup, deductions, taxable income). Used to file the income tax return accurately.
Form 16 shows gross salary ₹12 lakh, deductions ₹1.5 lakh under 80C, and TDS of ₹95,000 already paid.
A certificate from your employer showing your salary and the tax already deducted.
Form 16 helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.