Form 16 is solely for salaried income whereas Form 16A is used for TDS on other incomes. The Form 16 is only for salary income the Form 16A is applicable for TDS on income sources apart from salary.
Form 16 How To Download Fill Form No 16a Form 16b Form 12b Online
Being an employee of an organisation you must know that a part of your salary is deducted by the employer for tax payments.
Salary form no 16a. Name address of deductordeductee. An essential point to be noted is that the rate of tax deduction will vary depending on the type of non-salary income. 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.
Form 16A TDS Certificate for Non-Salary Deduction. It will refer to the details that the deductor has filled with IT department while depositing your deducted income tax. Form 16a is given if TDS is deducted for income other than salary.
Download Excel Format of New Form 16 Salary Certificate 16A TDS Certificate TCS Challan No. While Form 16 is for only salary income Form 16A is applicable for TDS on Income Other than Salary. Last updated on Name and Form No16A.
It contains details of the nature of payment and TDS deducted on it. In the above example Ms ABC will give TDS certificate in Form 16. Deductor logs in to TRACES.
16 See rule 311a PART A Certificate under section 203 of the Inc ome-tax Act 1961 for tax deducted at source on salary Certificate No. Form no16 is an important document for a salaried person. While Form 16 is issued annually to the employee Form 16A is issued quarterly.
01-04-2009 vide notification SO. Form 16A is a TDS Certificate issued by a deductor for non-salary payments like professional fees brokerage commission interest rent contractual payment etc. Form 16A is to be issued for deductions other than salary.
Challan details of TDS deposited. Its function is very similar to that of Form 16 with the main difference being that Form 16A is issued when payments are non-salary. Go to Downloads tab.
858 E Dated 25th March 2009. 17 and Form 27D applicable wef. Form 16 is given if the TDS is deducted for salary income.
Form 16 is given as TDS certificate for TDS deducted on salary income. Form 16 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. This form is the certificate issued by your employer.
Both Form 16 16A are TDS certificates but Form 16 is for individuals who receive income from salary. The applicable Form for filing of your income tax return shall need to examine nature of your incomeIf you are receiving Form 16A only then it means you are earning income other than salaries and therefore possibly you shall need to file Income Tax Return in Form ITR 3 or ITR 4 depends over the nature of income as already said in above paraYou shall need to register your PAN on the. Form 16A is TDS certificate on Income Other than Salary.
It contains the salary paid and the tax deductions made within a financial year. Keeping in view the latest amendment made by Income Tax department regarding TDSTCS Forms Returns and procedures wef. These certificates provide details of TDS TCS for various transactions between deductor and deductee.
Part A of Form 16 gives the summary of tax collected on behalf of the employee from the salary income and deposited in. In form 16A under Part A the total salary credited is 1000000 INR and under Part B the total salary credited show is 900000 INR. Form-16A contains information such as.
You can further refer our guide on Form 16 for more information. What is Form 16A for salaried employees. On the other hand Form 16A is for all incomes other than salary.
The foremost part of the form is dedicated to information of both the employee as well as the employer. While filling IT return which amount I should I fill. Know about Form 16A in India Components of Form 16A.
The contents of Form 16A include- A section of personal information. Form 16 is a TDS certificate issued by your employer. As in the case of Form 16 PAN number of the deductor and deductee TAN Number of the deductor tax deposited.
In simple words Form 16A is the TDS Certificate for income earned other than salary. It is mandatory to issue these certificates to Tax Payers. Form 16A is a statement containing all details of TDS Deducted on all Payments except Salary Form-16A also has details of name address of deductordeductee PANTAN details challan details of TDS deposited.
The particulars to be filled are- Name of the employee Name of employer Address of employee as well as employer employee and employers PAN card information. People rendering their services to an organization not as employee but as a consultant and earning contractualprofessional and other fees for their services are eligible to receive Form 16A.
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