Form 16: Format, Rules and Importance For Salaried Individuals, With Automated Master of Form 16 Part-B for FY 2015-16

Form 16 is an income tax form. This form is used to give the details of tax deducted at source. The form 16 is only applicable for salaried individuals. The form is filled by the employers and given to the employee. The employer gives details of tax deduction in this form. It is proof of tax deduction as well. The employee who has paid tax through the employer must get the form 16. The form 16 has many information such as your income details, the applicable exemption, availed deductions and tax payment challan details. The form 16 is used to fill information while filing income tax return.

Form 16 is an income tax form. This form is used to give the details of tax deducted at source. The form 16 is only applicable for salaried individuals. The form is filled by the employers and given to the employee. The employer gives details of tax deduction in this form. It is proof of tax deduction as well. The employee who has paid tax through the employer must get the form 16. The form 16 has many information such as your income details, the applicable exemption, availed deductions and tax payment challan details. The form 16 is used to fill information while filing income tax return.

How to Download of Part A of Form No. 16 (employer certificate) with Automated Form 16 Part A& B and Part B for FY 2015-16

  The CBDT has  recently notified that Form 16 had two parts – Part A and Part B. Part A contains details of tax deducted and remitted and Part B contains details of income. The Central Board of Direct Taxes (CBDT) has now notified that Part A of Form 16 containing the Unique Identification Number will be issued by the employer by generating and subsequently downloading the same from the TRACES (TDS Reconciliation Analysis and Correction Enabling System) Portal. ( www.tdscpc.gov.in)
      Employer to download Part A of the Form 16 from the TRACES Portal and authenticate the correctness of the contents mentioned therein before issuing to the employee. Part B of the Form 16 will be prepared manually and issued to the employee after due verification. Part A and B can be either digitally or manually signed.
  The CBDT has  recently notified that Form 16 had two parts – Part A and Part B. Part A contains details of tax deducted and remitted and Part B contains details of income. The Central Board of Direct Taxes (CBDT) has now notified that Part A of Form 16 containing the Unique Identification Number will be issued by the employer by generating and subsequently downloading the same from the TRACES (TDS Reconciliation Analysis and Correction Enabling System) Portal. ( www.tdscpc.gov.in)
      Employer to download Part A of the Form 16 from the TRACES Portal and authenticate the correctness of the contents mentioned therein before issuing to the employee. Part B of the Form 16 will be prepared manually and issued to the employee after due verification. Part A and B can be either digitally or manually signed.

New Amended Format of Automated Form 16 Part B and Part A&B for the financial year 2015-16

Below given Excel Based Software which can prepare One by One Preparation  Form 16 Part B and Part A&B, most easy to install in any computer and most easy to generate.
Below given Excel Based Software which can prepare One by One Preparation  Form 16 Part B and Part A&B, most easy to install in any computer and most easy to generate.

Download Master of Form 16 Part B with Form 12 BA for F.Y.2015-16

Budget 2015 has been introduced in Parliament. The Finance Minister has kept the Personal Income Tax rates unchanged for the Financial Year 2015 /2016 (Assessment Year 2016-2017).

He has to introduce or extend the Tax Deduction limits Under few Sections of the Income Tax Act.
Let us understand all the important sections and new introduce with respect to ‘Income Tax Deductions 2015′. This list will help you in planning your taxes.

Budget 2015 has been introduced in Parliament. The Finance Minister has kept the Personal Income Tax rates unchanged for the Financial Year 2015 /2016 (Assessment Year 2016-2017).

He has to introduce or extend the Tax Deduction limits Under few Sections of the Income Tax Act.
Let us understand all the important sections and new introduce with respect to ‘Income Tax Deductions 2015′. This list will help you in planning your taxes.

Who can Issue the Form 16 ? It is mandatory to issue the Salary Certificate Form 16 to the employee by the employer with Automated Form 16 for FY 2015-16

This is the common demand regarding issuing of Form-16 by the Employer to Employee, even if Employer not deduct any Tax from drawn salary.  What shall happen when Employee want's his Salary Certificate Form-16 for the same year.  In such situation Employer is liable to issue Form-16 to each and every who have already hold the PAN Card.

This is the common demand regarding issuing of Form-16 by the Employer to Employee, even if Employer not deduct any Tax from drawn salary.  What shall happen when Employee want's his Salary Certificate Form-16 for the same year.  In such situation Employer is liable to issue Form-16 to each and every who have already hold the PAN Card.

New Automated Form 16 Part A&B (Prepare at a time 50 OR 100 employees Form 16 Part A&B) for Financial Year 2015-16

The CBDT has already changed the Format of Form 16 dated on 19/2/2013. In this Format have two part. Part A which found the Tax Deducted At Source and deposited in to the Central Govt Account  and another Part B which is found the details of employee's Salary. This Part B is mandatory to prepare by the employer. This Part A is mandatory to download form the Income Tax TRACES  Portal. 

Most of Employer or deductor yet not well known about this new Format of form 16. Also you most of employer could not able to download the Form 16 Part A from the TRACES portal.

Who have not able to download the Form 16 Part A from the TRACES Portal, they can use this below given both in one file Form 16 Part A&B in New Format of Form 16. 

The below given Excel Based Software can prepare at a time 50 OR 100 employees Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17. This Utility can use both of Govt and Non Govt Concerned.

Feature of this Utility:-

  • Automatic Calculate the Income Tax of each employee
  • Automatic Prepare the Form 16 Part A&B in New Format
  • Automatic Convert the Amount in to the In Words
  • Prevent the Double entry of PAN No and Name of Employee
  • Govt and Non Govt Concerned can use this utility

 
Deductor Sheet

 
Salary Structure for Govt & Non Govt Employees

 
Form 16 Part A&B

Click here to Download the Automatic Master of Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17 (50 Employees) [ This Excel Utility can prepare at a time 50 employees Form 16 Part A&B for Govt and Non-Govt employees for F.Y.2015-16]




Click here to Download the Automatic Master of Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17 (100 Employees) [ This Excel Utility can prepare at a time 100 employees Form 16 Part A&B for Govt and Non-Govt employees for F.Y.2015-16]



The CBDT has already changed the Format of Form 16 dated on 19/2/2013. In this Format have two part. Part A which found the Tax Deducted At Source and deposited in to the Central Govt Account  and another Part B which is found the details of employee's Salary. This Part B is mandatory to prepare by the employer. This Part A is mandatory to download form the Income Tax TRACES  Portal. 

Most of Employer or deductor yet not well known about this new Format of form 16. Also you most of employer could not able to download the Form 16 Part A from the TRACES portal.

Who have not able to download the Form 16 Part A from the TRACES Portal, they can use this below given both in one file Form 16 Part A&B in New Format of Form 16. 

The below given Excel Based Software can prepare at a time 50 OR 100 employees Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17. This Utility can use both of Govt and Non Govt Concerned.

Feature of this Utility:-

  • Automatic Calculate the Income Tax of each employee
  • Automatic Prepare the Form 16 Part A&B in New Format
  • Automatic Convert the Amount in to the In Words
  • Prevent the Double entry of PAN No and Name of Employee
  • Govt and Non Govt Concerned can use this utility

 
Deductor Sheet

 
Salary Structure for Govt & Non Govt Employees

 
Form 16 Part A&B

Click here to Download the Automatic Master of Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17 (50 Employees) [ This Excel Utility can prepare at a time 50 employees Form 16 Part A&B for Govt and Non-Govt employees for F.Y.2015-16]




Click here to Download the Automatic Master of Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17 (100 Employees) [ This Excel Utility can prepare at a time 100 employees Form 16 Part A&B for Govt and Non-Govt employees for F.Y.2015-16]