Buy a Life Insurance Plan in a few clicks
Create wealth through bonus payout from 1st policy year
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
Thank you
Our representative will get in touch with you at the earliest.
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The TDS Certificate, Form 16A, is provided by employers. Learn everything there is to know about Form 16A, including how to fill it out & important elements of form 16A.
The Income Tax Department deals in providing the income taxpayers with different forms and applications that help them with TDS payments, deductions, and deposits. Form 16A is one such form.
Form 16A is a certificate that every employer of every organization must maintain for their employees. The Tax Deducted at Source (TDS) is a certificate that states all the taxpayer’s or individual sources of income. Form 16A is a TDS form certifying the number of TDS deducted and the nature of payments alongside the TDS payments that are deposited with the Income Tax Department. Pertaining to the Income Tax Act, 1961, TDS is deducted on all kinds of payments only if the payment made during the assessment year is more than ₹30,000 unless exempted otherwise.
TDS Form 16A is a Tax Deducted at Source (TDS) certificate provided along with Form 16. One noteworthy fact is that form 16 is only for salary income; however, Form 16A is applicable for TDS on income sources other than salary. For example, form 16A will only be issued when the TDS is deducted for fixed deposits or for the TDS deducted on insurance commissions, rent receipts, or any other income you may receive on which TDS is deductible.
The components and specifics that make up the Form 16A for exemptions under TDS are:
All these details that are needed to be mentioned in Form 16A are important when an individual is filing Income Tax returns. The Form 16A, a TDS certificate, carries all the amounts of the TDS nature being deposited with the Income Tax Department.
While filling up the details in 16A, taxpayers should follow these easy steps:
The exemption under TDS is a simple entry that saves your tax from the non-salaried incomes. Enter all the details correctly to enable yourself for the deductions under the tax-saving scheme. It is an important step to file your ITR and make a well-thought-of decision. You should, therefore, be prudent in filling the forms carefully and accurately.
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.