Guidelines for an employer to deduct TDS and issue Form 16

Following are the guidelines for an employer to deduct TDS and issue Form 16:

  • Make mandatory for all the employees to declare previous salary, investment proofs and TDS details, if any.
  • Employer has to consider the declaration before deducting TDS from salary.
  • Fill Annexure II for all employees who work or worked for any period of time during the current financial year.
  • Issue Form 16 to all the employees whose TDS was deducted.
  • It is the duty of an employee to provide valid PAN. If employee has worked with more than one employer in a financial year, employee should declare previous salary and TDS detail, if any, with the current employer.

Source: TRACES

1 thought on “Guidelines for an employer to deduct TDS and issue Form 16

  1. TVS

    Wish the Form16 requirement is treated as a Right of the Employee/Ex Employee from whose Salary the TDS was deducted and that he shd be able to get his Form16 directly from TRACES once the TDS appears on 26AS instead of requesting and reminding and cajoling his Employers

    Reply

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