WHAT TO DO WHEN YOU DON’T HAVE FORM 16?

First of all we must know what is FORM 16. It is the certificate of TDS issued by the employer. It is mandatory for the employer to issue Form 16 if TDS is deducted otherwise it is not mandatory on the part of employer.

Form 16 contains two parts, i.e., Part A and Part B. Part A contains the details of TAN, PAN and TDS deducted. Part B contains your salary details like Income from salary, deductions, etc.

Form 16 is required for filing income tax return but it is not mandatory as TDS details can also be obtained through Credit Statement […] Read more