Form 16A is a TDS certificate for income earned from sources other than salary. It is issued by the person making the payment (deductor) to the person receiving the payment (deductee) as proof that he has deducted tax on the payment.
Read this guide by H&R Block to know how a deductor can download Form 16A, and how a deductee can use it for filing his ITR.
Under the Income Tax Act, 1961, it is mandatory for the deductor to issue Form 16A within 15 days from the TDS return filing due date. Read the below steps to download Form 16A:
As the deductor, the password to convert the Form 16A file to a pdf document from the utility software is your TAN in uppercase letters.
The details mentioned in your Form 16A must be given when you file your income tax return. The following are the components of Form 16A:
Form 16A is applicable for income from sources other than salary such as rent, professional fees, payment of bank deposit interest, etc. The following are the most common non-salary sources of income for which Form 16A is applicable:
SIDENOTE: There is no TDS applicable on the interest earned from a savings bank account if the amount is below Rs 10,000.
For income from salary, TDS is deducted according to the income tax slab rates. However, the rate of TDS for income from non-salary sources varies for every source.
A. It is not possible to fill Form 16A online by yourself. The form you download is pre-filled, based on the details you provided during TDS return filing. Any Form 16A obtained from sources other than the TRACES portal is considered invalid.
A. You can download Form 16/ 16A from TRACES after 7 working days from the date of filing the TDS return.
A. It is mandatory for the bank to dispatch Form16A by the fifteenth day of filing the TDS return. If you have not received it, visit your bank and ask for your Form16A.
A. Your Form 16A contains details about your income and TDS, required to file your tax return. You must also verify if the TDS is deposited with the ITD through your Form26AS. Alternatively, you can get in touch with one of our tax experts to get a personalised approach for your return filing.
A. If your total income is not in the taxable bracket and if your Form 16A reflects that TDS is deducted from your income, you are eligible to claim the tax paid as a refund.
A. You can do so by checking whether your deductor has filed the quarterly TDS statement on the official ITD website page for “TDS Certificate Form 16/16A Verification by the Taxpayer” (2).
A. Form 16A is issued every quarter of the financial year.
A. The 7-character unique TDS certificate number in Form 16A is located at the top-left corner of the form.
It is important for you to get your Form 16A when TDS is deducted on your income other than your salary, as it helps you to verify your tax credit and claim your tax refund. Banks and other financial institutions may ask for your Form 16A as legal proof for loan applications.
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