Form 16 is one of these documents. Form 16 is one of the most important documents used to fill ITR.
Form 16 is given to Employees from a company. In Form 16, there is complete information about Employee’s salary and taxed tax. Apart from this, if you have invested in different places and you have got tax benefit, then its information is also in the form 16. Tell that the form is divided into two parts.
First part of Form 16
Let us know that in the first part of the form 16, there is information about the taxed tax on salaries. The first part of the form 16 is generated and downloaded from the job giving institution. In the first part of the form 16, the name and address of the employer, the job giving, and Tan also includes the information like the PAN number of the employee. Apart from this, Form 16 also includes the amount related to the employee or the amount of tax deduction on the credit amount and source.
Second part of Form 16
In the second part of the form 16, your salary is detailed details. In the second part of the form 16, there are all information from tax to tax to the deduction. Apart from this, all the information till the exemption limit of income tax law is also included in it.