Salaried individuals whose annual income is included under the taxable slabs are eligible for Form 16. Regardless, an employee must issue Form 16 to an employee if he/she has deducted tax at source from salary.The said form comes in handy for salaried employees and helps them to file an ITR
- Taxable salary
- Exemption on allowance under Section 10
- The breakup of applicable deductions under Section 16
- The breakup of applicable deductions under Section 80C
- Profit or loss resulting from housing reporting made by the employee
- Income generated from ‘Other Sources’ applicable for TDS
- Total deductions under Section 80C
- Outstanding refund or tax payable
- TAN and PAN of an employer
- PAN of an employee
- Taxpayer’s name and address details
- Current Assessment Year
- TDS amount