ITR Filling- Income tax return filing for the financial year 2024-25 or assessment year 2025-26 has started. ITR-1 and ITR-4 forms are ready for online filing. Form 16 and Form 16A have special importance in return filing. In this article, we will tell you what Form 16/16A are.

Form 16 and Form 16A are considered important certificates of Tax Deduction at Source (TDS certificate details). Under the Income Tax Act, the employer or the tax deducting organization issues it to the taxpayer. Your employer or any organization collects tax from you and deposits it with the government. The TDS certificate is the proof of that.

What kind of information is there in Form 16

The company or organization in which the taxpayer works deducts TDS while paying him salary (Form 16 for salaried employees). Form 16 contains complete information about the amount deducted as tax i.e. TDS. It contains certificate number, traces watermark, information about how much tax was deducted every quarter and how much was deposited with the government. It contains the PAN number of the employee and the TAN number of the employer. It contains details of the salary given to the employee by the company. If the employee has claimed deduction under 80C, 80D or other sections, then its information is also available.

Form 16 has two parts

Form 16 has two parts – Part A and Part B. Part A contains the summary of TDS and Part B contains the details of salary paid to the employee and the deductions made. Both Part A and Part B should be downloaded from the TRACES website as only that form is considered valid.

Where is Form 16A filed

The taxpayer earns income in the form of interest, commission, professional fees etc. on fixed deposits. The bank or company paying the interest, commission or fee gives Form 16A to the taxpayer. This form contains the certificate number and the Traces watermark.

It contains details of how much tax was deducted every quarter and deposited to the government. It contains the PAN of the taxpayer and the TAN of the tax deducting institution. It also contains details of the nature of payment and the amount paid. Like Form 16, only the certificate downloaded from the Traces website is valid in this form.