Form 16 is a document which  contains all details required to file the IT returns. The employers will need to provide Form 16 to employees at the end of every financial year.

Employer typically based their tax calculations on the employee’s earnings and investment declarations made by the employeeat  the starting  of the year or throughout . Form 16 serves as proof of the TDS that the employer or organisation has deposited with the Income Tax department.

Note: Due date for thr Employers to Issue Form 16 to Employees for  the  Financial year  2022-23 is 15th June 2023.

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