Form 16
Definition
Certificate issued by employer showing salary paid and TDS deducted during the financial year. Contains Part A (TDS details) and Part B (salary breakup with deductions).
In Context
Form 16 is the primary document for salaried individuals to file ITR. Issued by June 15 of the assessment year. Part B shows HRA, LTA, standard deduction, and 80C/80D deductions claimed through employer.
Related Terms
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