FORM 16 ASSISTANT · AI POWERED

FORM 16
MADE EASY.

Understand your Form 16, calculate exact tax liability, compare regimes, and file ITR — all in one place.

Filing Steps

Tax Sections

FAQ Topics

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What is Form 16?

A TDS certificate issued by your employer under Section 203 of the Income Tax Act. Covers the salary, TDS deducted, and deductions for the full financial year. Issued every year by June 15.

Part A — TDS SummaryPart B — Salary Breakup

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Common Mistakes

✗ Filing ITR with Form 16 TDS ≠ Form 26AS
✗ Forgetting to file Form 10E for arrears (Sec 89)
✗ Claiming Standard Deduction twice (two employers)
✗ Not pre-validating bank account before filing
✗ Skipping e-Verification after filing

Part ADownloaded from TRACES portal by employer

→ Employer TAN + employee PAN
→ Quarter-wise TDS deducted & deposited
→ TDS certificate number (27A)
→ Must be TRACES-generated — verify certificate number

Part BPrepared by employer (Excel / PDF)

→ Gross salary breakdown (basic, HRA, allowances)
→ Less: Section 10 exemptions (HRA, LTA, gratuity)
→ Standard Deduction reducing 50,000/75,000
→ Chapter VI-A deductions (80C, 80D, NPS…)
→ Net taxable income & total TDS

FORM 16MADE EASY.

What is Form 16?

Common Mistakes

Key Tax Sections Quick Guide

FORM 16
MADE EASY.