As I am an MBA fresher, I want to gain more knowledge on HR-related topics. When I went through the topic of Form 16, I came to know about Form 16A as well. I want to know the proper meaning of Form 16 and 16A and where both forms are basically used more.
From India, Calcutta
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From India, Calcutta
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Dear Mihir, Form No. 16 is only for salary related. form no 16- A is issue against rent, commission. professional charges ect. regards Kishor
From India, Pune
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1From India, Pune
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Form 16 is a TDS certificate for salaried employees. Form 16A is a TDS certificate for professionals.
From India, Pune
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From India, Pune
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Dear Mihir ji, Form 16 is a factory act 1948 form, ( Role 107(2) is used nomination form in case of death & from 16A TDS Receiving Certificate from . Brijesh
From India, Delhi
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From India, Delhi
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As per Income Tax, Form-16 is a TDS certificate for salaried individuals. Form-16A, on the other hand, is the TDS certificate for individuals other than salaried employees, such as contractors, professionals, and those earning rental income from land, buildings, plants, machinery hired, and commission agents, etc.
Regards,
Harish Mehta
From India, Mumbai
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Regards,
Harish Mehta
From India, Mumbai
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Hi All My Seniors I could not get appropriate knowledge about Form 16 and Form 16 A both are used for TDS or not. With Regards Raj Asiwal
From India, Meerut
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From India, Meerut
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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, the nature of payment, and the tax deposited with the 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 latter 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 16A certificate is issued by employers and carries the following:
- Name, TAN, and PAN of the employer who deducts tax
- Amount paid, nature, and date of payment
- Receipt No. of TDS payment
What Form 16 Consists Of
The Form 16 usually carries details like names and permanent account numbers of the deductor and the deductees, TAN of the employer, acknowledgment 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, and tax payment particulars like challan number or cheque/DD number, etc.
From India, Surat
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Form 16A is a certificate of tax deduction at source (TDS) by an employer, which shows the amount of tax deducted at source, the nature of payment, and the tax deposited with the 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 latter 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 16A certificate is issued by employers and carries the following:
- Name, TAN, and PAN of the employer who deducts tax
- Amount paid, nature, and date of payment
- Receipt No. of TDS payment
What Form 16 Consists Of
The Form 16 usually carries details like names and permanent account numbers of the deductor and the deductees, TAN of the employer, acknowledgment 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, and tax payment particulars like challan number or cheque/DD number, etc.
From India, Surat
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Automated TDS with Form-16 for C.G. Financial Year 2011-2012.xls