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Message: Return type of CI_Session_files_driver::read($session_id) should either be compatible with SessionHandlerInterface::read(string $id): string|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
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Form 16 is a certificate from your employer. It certifies that TDS has been deducted on your salary by the employer. If an employer deducts TDS on salary, he must issue income tax Form 16 as per tax rules of India. Form no 16 is issued once in a year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.
Understanding Form 16
One of the most important income tax form is Form 16. It contain most of the information you need to prepare your income tax return in India. Form 16 has two parts Part A and Part B.
Form 16 Part A has
Name and address of the employer
TAN & PAN of employer
PAN of the employee
Summary of tax deducted & deposited quarterly, which is certified by the employer
Assessment Year
Period of employment with the employer
Form 16 Part A must be generated and downloaded through Traces portal
Part A of the Form 16 also has a unique TDS Certificate Number.
Form 16 Part B has
Detailed breakup of salary paid
Deductions allowed under the income tax act (under chapter VIA)
Relief under section 89
If you have held more than one job during the year, you’ll have more than one Form16.
Part B is prepared by the employer manually and issued along with Part A.
