- June 15 last day for employers to provide Form 16
- Previous deadline under Income Tax rules was May 31
- Form 16 is issued once every year
If an employer deducts TDS on salary, it must issue income tax Form 16 as per income tax rules of India. It is issued once in a year, on or before June 15 (after the revision) of the next financial year immediately following the financial year in which tax is deducted.
While filing income-tax return, one is required to provide detail like TDS deducted by employer, Tax Deduction and Collection Account Number (TAN) of the employer, Permanent Account Number (PAN) of the employer, which are mentioned in the Form 16.
The tax deducted each month by the employer is deposited with the government on behalf of the employee. It is compulsory for the employer to furnish the TDS certificates, in the format of Form 16, specifying that tax has been paid to the government. TDS collection is managed by the Central Board for Direct Taxes (CBDT).
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