🧾 What is Form 16?

Form 16 is a TDS certificate issued by employers to salaried employees as proof of tax deducted and deposited with the Income Tax Department. It is a mandatory document for employees to file their ITR.

It comprises:

  • Part A: Summary of TDS deposited (generated from TRACES)
  • Part B: Salary break-up, deductions, tax computation (prepared by employer)

Employers must issue it annually by 15th June following the financial year-end.

✅ Who Needs This Service?

  • Companies and startups with salaried employees
  • Employers who filed Form 24Q TDS returns
  • Organizations needing bulk Form 16 generation
  • Employers needing correction of existing Form 16
  • CA firms managing TDS compliance for clients

📑 Documents Required

  • TAN and PAN of employer
  • TRACES login credentials
  • Salary sheet/Payroll for the year
  • Challan and TDS payment summary
  • Deductee details with PAN, salary, TDS deducted
  • Any prior issued Form 16 (if correction needed)

🛠️ Services Included

  • Fetching Part A from TRACES portal
  • Generation of Part B with accurate computation
  • Merge & password-protect Form 16 PDF
  • PAN-based employee-wise sorting
  • Correction of mismatches with TRACES records
  • Regeneration & re-issue support
  • TDS reconciliation (optional add-on)

📋 Compliance Timeline

Task Deadline
Filing of Q4 TDS Return (24Q) 31st May
Form 16 issuance By 15th June
Revision (if needed) Anytime after Q4 revision

Late issue of Form 16 may lead to penalties under Sec 272A(2)(g) (₹100/day).

💡 Why Choose SITPakz Solution (SSPL)?

  • ✅ Automated tools for bulk Form 16 generation
  • 🧾 Templates designed as per TRACES format
  • 📋 Support for mid-year employee exits & multiple PANs
  • 🔐 Secure password-protected PDF delivery
  • 🎯 Quick correction turnaround within 24–48 hours

💬 Frequently Asked Questions (FAQs)

Q. Can I generate Form 16 without TRACES login?
➡️ No. Part A must be downloaded from TRACES after Q4 TDS return filing.

Q. Can Form 16 be revised?
➡️ Yes. Form 16 can be re-issued after correcting TDS return or Part B.

Q. Is Form 16 mandatory for all employees?
➡️ Only if TDS has been deducted on salary. Else, not applicable.

Q. Can I issue Form 16 before filing TDS return?
➡️ No. Form 16 Part A becomes available only after successful Q4 TDS filing.