What is the use of Form 16 surrounded by a company?
Form 16 is the Certificate under section 203 of the Income-tax Act, 1961 for excise deducted at source from income chargeable under the team leader "Salaries.
hi,
form 16 is used contained by income tax purpose it is a certificate to certify that tariff has been already deduct .tax to be deducted on jobwork billing on more than 20000/ within a year on rent more than 120000/- in a year & on interest paid to some one after obtain the form 16 u can submit the same along with ur go together sheet & with computation of income thus u can claim ur tax u enjoy paid already through form 16
Answers: This is the Form which is used for submission of Tax by Employer and the proof. The same needs to be filed for your Tax returns.
Form 16 is the certificate of tds deducted on your salary.
it is used to claim for refunds of income tax
for more details contact any chartered accountant.
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Form 16 is the details of earnings.perquisite and deductions from income as computed under the Indian income Tax tenet under the head salary