Form 16 is the single most important document for salaried employees filing their ITR โ here's what's in it and how to use it.
Form 16 is a TDS certificate issued by your employer, confirming the salary paid to you and the tax deducted at source (TDS) on your behalf during the financial year. Employers must issue it by 15 June each year, for the previous financial year.
| Part | Contains |
|---|---|
| Part A | Employer and employee PAN/TAN details, summary of tax deducted and deposited each quarter. Generated and downloaded from the TRACES portal. |
| Part B | Detailed salary breakup โ gross salary, exemptions (HRA, etc.), deductions claimed (80C, 80D), and total taxable income. |
Want to see how your salary structure typically breaks down?
Use the CTC Calculator โIf your Form 16 doesn't match your bank credits or Form 26AS, raise it with your employer's payroll team before filing.