$$$ Form 16A
-Form 16A is a certificate of tax deduction at source (TDS) by an employer which shows the amount of tax deducted at source, nature of payment, and the tax deposited with IT department on income other than salaries.
- Form 16A shows TDS deductions made and deposited on all other income except salary.
-The basic difference between Form 16 and Form 16A is that the former reflects deductions made from salary and the later shows deductions on income other than salary.
- Form 16 is usually issued annually while the latter is issued quarterly.
-What Form 16A consists of
?
The Form 16 A certificate is issued by the employers and carries the following:
Name, TAN and PAN of the employer who deducts tax
Name, TAN and PAN of the employer who deducts tax
Amount paid, nature and date of payment
Receipt No of TDS payment
-What does Form 16 consist of?
The Form 16 usually carries details like names and permanent account numbers of the deduct-or and the deductees, TAN of the employer, acknowledgement about how much tax is paid, detailed break-off salary like gross and net incomes, Education Cess and surcharges, balance tax refundable to employees or payable by them, tax payment particulars like challan number or cheque/DD number etc.