Form 16 is the Certificate issued for tax deducted at source from income chargeable under the head Salaries.
On this page
● Updates supported as per the latest changes in the tool
You can generate Form 16 along with Annexure A or Annexure B depending on Deductor Type selected in F11: Features (Statutory & Taxation).
● Annexure A if the Deductor Type is Government
● Annexure B if the Deductor Type is Others
1. Go to Gateway of Tally > Display > Payroll Reports > Statutory Reports > Income Tax > Returns > Form 16 .
2. Select the required Employee from the List of Employees and press Enter
3. Specify the following details in the Print Configuration screen:
o Name: Specify the name of the person responsible for Income Tax Deduction.
o Son/Daughter of: Specify the father’s name for the TDS Deductor
o Designation: Specify the designation of the person responsible for TDS Deduction
o From: By default displays 1-4-2010 which can be changed.
o To: Enter the To date (by default it will be 31.03.2011)
o Challan Date Till: In this field enter the date to consider the challan payments made.
o Type of Copy: Specify Original or Duplicate as required
o Place: Enter the name of the Place (e.g. Bangalore)
o Date of Printing: Specify the Date of issue of Form 16
o Quarter/Acknowledgement: Specify the acknowledgement number of the TDS returns filed against the appropriate Quarter.
o CIT (TDS) Details: In this section enter the address of the Commissioner of Income Tax having jurisdiction for TDS deduction for the assessee.
o Address: Enter the address of the commissioner office
o City: Mention the City name
o Pin Code: Enter the PIN Code
o Appearance of Employee Names : Select the Display Style for the Employee Names, like Name Only , Alias Only , etc.
o Include Previous Employer Income :Set this option to Yes to print income earned by the employee from their previous employer.
o Include 'Part A' while printing : Set this option to Yes to print income Part A in Form 16.
Similarly, the Form 16 can be generated for all the employees.
Note : In Form 16 , the value declared for Rajiv Gandhi Equity Saving Scheme will be printed in Section 9, Deductions under Chapter VIA .
Facility is provided to print only the duplicate copies of Form 16 .
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Field Name |
Updates |
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1. Gross Salary: Reported total amount of salary received from other employer(s) |
The field is introduced to show the salary of the previous employer separately. To view this, enable Include Previous Employer Income while printing Form 16. This includes the following: ● Salary as per provisions contained in section 17(1) ● Value of perquisites under section 17(2) (as per form no. 12BA, wherever applicable) ● Profit in lieu of salary under section 17(3) (as per form no. 12BA, wherever applicable) |
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Allowances to the extent exempt under section 10 |
Every allowance exempt under Section 10 should be printed along with the section and clause number. For example: Transport Allowance 10(5) |
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Deductions Under Chapter VIA: Each deduction should appear along with the section details. |
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(A) Section 80C, 80CCC, 80CCD , and so on |
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(B) Other Sections (such as 80E, 80G and 80TTA) under Chapter VI-A |
As in option A, each section will have the title and respective components under it. For example: a) Section 80D <component> |
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Surcharge |
This field should be numbered as 15 . This column should be introduced after the rebate column; therefore, while computing the net tax payable, this value should be considered. |