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Form 16

Income Tax

Form 16 Issuance to Employees

Form 16 is crucial in filing your income tax return (ITR), especially for individuals who earn a salary. This official document is a certificate for Tax Deducted at Source (TDS). It offers a comprehensive summary of an employee's earnings, encompassing salary, allowances, and additional benefits over a specific financial year.

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Form 16 Verification and Correction Process:

Key Features

Accuracy Check

Upon receiving Form 16 from your employer, you must ensure the accuracy of all the provided details

Correction Process

The employer will rectify the error by submitting a revised TDS return and allocating the correct TDS amount to the appropriate PAN.

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