What is the difference between Form 16 & Form 16A?

What is the difference between Form 16 & Form 16A?

While Form 16 is for only salary income, Form 16A is applicable for TDS on Income Other than Salary. For example, a Form 16A shall be issued to you – when a bank deducts TDS on your interest income from fixed deposits, for TDS deducted on insurance commission, for TDS deducted on your rent receipts.

How can I get Form 16 2020?

How to Get the Form 16? The document is typically issued by your employer for the current financial year and reflects the total earnings and income taxes applicable for that financial year. You can download the form from the online website of the Income Tax department as well.

What is the latest form 16?

Form 16 is a certificate issued under section 203 of the Income-tax Act, 1961 for tax deducted at source (TDS) from income under the head ‘salary’. It is issued on deduction of tax by the employer from an employee’s salary and deposit of the same with the government.

What is Form 16A used for?

Form 16A is a TDS Certificate mentioning all amounts of TDS deducted, nature of payments as well as TDS payments being actually deposited with the Income Tax Department. Professional fees, Rent, Bank Interest payments to the IT Department – they issue a TDS Certificate.

How can I download Form 16 by taxpayer?

How to Download Form 16?

1. Under the ‘Forms/Download’ section, you will find the ‘Income Tax Forms’ option, click on it.
2. Next, you will find the ‘PDF’ and ‘Fillable Form’ options available under ‘Form 16’.
3. Click on the relevant option.
4. You will be able to download the form on the next page.

Who can download Form 16A?

While Form 16A is TDS Certificate for non-salary payments, Form 16 a is TDS Certificate for salary payments. A deductor can download both from their account on TRACES.

What is Form 16A from bank?

The Form 16A is a TDS Certificate carrying all amounts of TDS nature being actually deposited with the Income Tax Department. When payments from non-Salary incomes are made, the deductor like – TDS Professional fees, Rent, Bank Interest payments to the IT Department they issue a “TDS Certificate”

What is the difference between form 16A and 16b?

Differences between Form 16, Form 16A and Form 16B. Use Form 16A for Income other than salary . Use Form 16B for income earned from sale of immovable property. Form 16, Form 16A and Form 16B are all certificates of tax deducted at source on your income from different sources.

How to get form 16A from a bank?

Visit www.pnbindia.in and log-in to your account.

Once logged in,click on ‘Deposit accounts’ under the ‘Manage Accounts tab’.

Select the financial year ‘previous’ for FY 2019-20 and customer ID from the drop down menu and click on ‘Submit’.

The web screen will show you the details of the interest paid on your deposits and tax deducted,if any.

Where to upload form 16?

Visit myitreturn.com. There are 2 options provided,viz.

You will be asked to upload your Form 16. Click on “Upload Form-16 PDF” button.

Browse the Form 16 PDF file and click on open to upload Form 16.

On successful upload,below popup will be shown.

You will be asked to Login.

Personal details.

Summary showing the computation of income.

Residential status.

How to download form 16?

The document is typically issued by your employer for the current financial year and reflects the total earnings and income taxes applicable for that financial year. You can download the form from the online website of the Income Tax department as well. This form is available in the PDF format, which can be printed. How to Download Form 16?