Form 16 details

sambala1979 (Querist) 11 April 2008 This query is : Resolved
Dear Seniors,
Can anyone explain about the form 16, pls its urgent

Warm Regards
Sambala

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SANJAY DIXIT (Expert) 14 April 2008
It is a certificate issued to you by your employer stating the details of the salary you have earned and the tax deducted on your behalf and paid to the government.

If you are an employee of the company (which means you are on the company's payroll), you should receive your Form 16 by April 30 every year.

If you are a consultant or a professional, you should receive Form 16A, which gives you the details of the professional fees and Tax Deducted at Source thereon.