Tax
Form 16
Form 16 is the annual TDS certificate an employer gives each employee by 15 June, showing salary paid and tax deducted, used to file the income tax return.
Part A, downloaded from TRACES, shows quarterly TDS deposited against the employee's PAN. Part B, prepared by the employer, shows the salary breakup, exemptions, deductions and tax computation.
An employee who changed jobs receives one from each employer.
In Indian payroll
Part B should be generated from the same payroll data that produced the 24Q, so the two never disagree. Employees file returns by 31 July.
What is Form 16?
Form 16 is the annual TDS certificate an employer gives each employee by 15 June, showing salary paid and tax deducted, used to file the income tax return.
Why does Form 16 matter in Indian payroll?
Part B should be generated from the same payroll data that produced the 24Q, so the two never disagree. Employees file returns by 31 July.
In Kuzhu
The Payroll module in Kuzhu is where Form 16 is handled, on the same employee record as everything else.
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