Understanding Form 16: How Does It Impact Payroll Management?

Dear members,

What is the use of Form 16 in payroll management?

Nikhil

Understanding Form 16 in Payroll Management

Form 16 is a part of the TDS forms. Do you process the payroll, or do you have an accounts department that processes it?

TDS Forms:
- Form 16
- Form 12BA
- Form 24Q
- Maharashtra Labour Welfare Fund

Please read the discussion in the following link for further understanding: https://www.citehr.com/37432-informa...anagement.html

Regards,
Cite Contribution

When an employer deducts the income tax from an employee's salary, the employer provides Form No. 16 to employees for submitting the return of income. It is a part of income tax.

Dear All,

Please, can anyone help me with the following questions:

1) How to prepare the TDS Return and how to fill it?
2) If we deduct Profession Tax from an employee, which form should we issue to the employee?

Thank you.