[See rule 31(1)(a)] · Certificate under section 203 of the Income-tax Act, 1961
| 1. | Gross salary (Section 17(1) + perquisites) | ₹15,00,000 |
| 2.(a) | Less: Allowances exempt under section 10 (not applicable in New regime) | — |
| 3. | Balance (1 − 2) | ₹15,00,000 |
| 4.(a) | Less: Standard deduction u/s 16(ia) | −₹75,000 |
| 4.(b) | Less: Tax on employment u/s 16(iii) — Professional Tax | −₹2,500 |
| 5. | Income chargeable under the head 'Salaries' | ₹14,22,500 |
| 6. | Add: Any other income reported by employee | — |
| 7. | Gross total income | ₹14,22,500 |
| 9. | Total income (taxable) | ₹14,22,500 |
| 10. | Tax on total income (per slab) | ₹93,375 |
| 12. | Tax payable after rebate | ₹93,375 |
| 13. | Add: Health & Education cess @ 4% | ₹3,735 |
| 14. | Total tax liability for the year | ₹97,110 |
Form 16 is the TDS certificate issued by an employer to a salaried employee under Section 203 of the Income Tax Act. It has two parts: Part A (issued from the TRACES portal — TDS deposited, employer + employee details, PAN, period) and Part B (the salary breakdown, exemptions claimed, tax computation). Employers must issue Form 16 by 15 June following the financial year.
Only if any TDS has been deducted on salary during the financial year. If your employer did not deduct any TDS (income below taxable limit), Form 16 is not strictly mandatory but most employers issue it anyway as proof of employment + salary.
Part A is auto-generated from TRACES based on the quarterly Form 24Q filed by the employer — it carries the TRACES seal. Part B is prepared by the employer and contains the salary breakup (gross, allowances, exemptions like HRA / LTA, deductions like 80C, taxable income, tax computed, tax deducted). Both are signed by the employer.
Yes. Form 16 is convenient but not legally required for ITR filing. You can compute the same numbers from your monthly payslips, Form 26AS (TDS credit summary), and AIS (Annual Information Statement). The ITR is a self-declaration; Form 16 just makes it easier.
No. This is a preview / sample for educational purposes only. A legally-valid Form 16 must be issued by your employer with their TAN, the TRACES-generated Part A, and a signed Part B. Use this tool to understand what your actual Form 16 should look like and to verify the numbers your employer issues match your records.