Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
Kotak Guaranteed Savings Plan
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality.
Kotak E-Invest
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
Kotak Health Shield
Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability.
Kotak Lifetime Income Plan
Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime!
Form 16A reflects the claim under TDS of the total earnings and total income taxes deducted for that financial year from other sources of income, apart from your salary. Your deductor generally issues it for the current financial year. Form 16 is a certificate issued to the employees by employers. It confirms that TDS has been deducted and deposited further with the government authorities on behalf of the employees. To get Form 16A, you need to follow simple steps and download the form online from the website of the Income Tax Department.
You need TDS .claim forms when you have income from other sources apart from your salary and choose to file your income tax returns for a financial year with the Income Tax Department. Most banks use this document as a part of their verification process when an individual applies for a loan of any kind, like a housing loan, consumer loan, vehicle loan, personal loan, etc.
Apart from Form 16, there are other forms like 16A and 16B. The difference between Form 16 and 16A is that the TDS deducted on salary is reflected in Form 16, and the TDS that is deducted on other payments is reflected in this certificate. Moreover, Form 16 is generally issued annually, whereas the TDS form 16A certificate is issued quarterly.
Any employed individual earning a salary must file claims under TDS via Form 16. If the earning individuals do not file tax returns, it is not important for them to submit Form 16. However, the employers still have to issue the certificate so that they can keep track of their earnings.
The procedure to download TDS claim forms like Form 16 from the official Income Tax Department website are mentioned below:
16A Form provides details of TDS deducted and deposited quarterly details of PAN and TAN of the employer and other relevant information. As an employer, you can create as well as download Form 16A through the TRACES portal at https://www.tdscpc.gov.in/app/login.xhtml. However, before issuing the certificate, the employer must authenticate the contents of the form
It is important to make a note of the fact that when an employee changes their job in one financial year, each employer issues a separate TDS form 16A for the specific period of their employment with their firm. Some of the important elements of Part A of Form 16 are mentioned as follows:
Having understood the simple and easy-to-follow steps of downloading Form 16, you can now file for your ITR on time and prevent yourself from missing the deadlines and thereby paying the associated penalties. Be wise and make sound financial decisions.
Ref. No. KLI/22-23/E-BB/492
