Form 16 and Form 16A both are TDS Certificates. They are the proofs of tax deduction at source provided by the deductor. Both certificates are essential documents to file ITR. This article explains the difference between Form 16 and Form 16A.
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Difference Between Form 16 and Form 16A
| Form 16 | Form 16A |
| It is a Certificate of TDS on Salary Income. | It is a Certificate of TDS on Income other than Salary. |
| Form 16 is applicable to Salary Income earned by an individual. | Form 16A is applicable to income such as interest, dividends, commission, professional charges, rent, etc. |
| Employer issues Form 16 to an employee. | Deductor (Payer) issues Form 16A to a deductee (Payee). |
| It is issued on an annual basis. | It is issued on a quarterly basis. |
| When your income from salary exceeds Rs. 2,50,000 employer is required to deduct TDS and issue Form 16. | When your income (other than salary) exceeds a certain threshold, a payer is required to deduct TDS from payments and issue Form 16A. |
| Form 16 certificate has two parts- Part A and Part B. Part A contain information of TDS deducted. Whereas Part B includes details of salary paid, other incomes. | Form 16A certificate has only one part. It contains details of Deductor and Deductee, Nature of Payment, Amount Paid, TDS, and Challan details. |
| You can easily file your Income Tax Return annually using Form 16. | It can be used to file an income tax return. Form 16A will provide TDS deduction details from a different source of incomes. |
You will also find TDS details in Form 26AS Tax Credit statement. You can also figure out TDS on salary from your salary slips. If there are any discrepancies you can contact your Employer/ Deductor to make corrections. Deductors can download Form 16 and Form 16A from TRACES.
FAQs
Employer issues Form 16 after the end of the financial year. The due date is 15th June of the next financial year.
Form 16A is issued by the deductor/payer after the end of the quarter in which TDS was deducted. The due date is 15 days from the date of filing of TDS return by the deductor.
Yes, you can file ITR even without Form 16. All you need to do is calculate your taxable salary based on salary slips while filing ITR.
