Tds Traces Form 16

If the form 16 has to be digitally signed then select the digital signature while converting the files to pdf format in traces pdf utility.

Tds traces form 16. Like form 16 is for salaries 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. All salaried individuals are eligible to get a form 16 from their employers. From fy 2018 19 part b should be issued in a standardized format. Deductor logs in to traces.

It is mandatory to issue these certificates to tax payers. The website provides access to the pan holders to view the details of tax credits in form 26as. Salary breakdown includes allowances perquisites bonus income tax deductions taxable income taxes and tds. You are accessing traces from outside india and therefore you will require a user id with password.

Tds certificates should be downloaded only from traces digital signature should be verified for form 16 16a form26as cross check the tds certificate figures with form 26as why you need tds certificates when form 26as provides all information why you must provide pan to the deductor. What are the different uses of the traces utility. Go to downloads. Part a of the form 16 will have name and address of both employer and employee.

Form 16 contains two parts part a and part b. Form 16 part b is an annexure containing details of income chargeable under the head of salary. Form 16 16a is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. In the above example m s abc will give tds certificate in form 16.

This completes the process of form 16 part a and part b merging in saral tds. Sample form 16 part b. Form 16 part b. If your employer deducts tds from your salary then he must issue your form 16 as it is a tds certificate which reflects the tds is deposited to government.

If you are not registered with traces please refer to our e tutorial. Form 16 is given as tds certificate for tds deducted on salary income. To download the file go to traces account window in saral tds and select on bulk form 16 file under request for with the form quarter and prn details. Provide the traces login credentials and click on download.

Form 16a is given if tds is deducted for income other than salary. After one working day of placing the request the form 16 file can be downloaded from traces.