Form 16: New Format for form 16 and TDS Certificate
New Format for Form 16 and TDS Certificate. We are coming with New video for Salary class must watch.
The CBDT has notified a new format for Form 16 – the salary TDS certificate – requiring a detailed break up of tax exempt allowances paid to the employee and also of all tax breaks claimed by him/her. The earlier format allowed companies to give consolidated figures or break-up in different formats for both these thereby leaving some ambiguity regarding their individual composition.
Concurrent changes have been made in the format of the TDS return (details of TDS from employees’ salaries ..
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