Dec 13, 2022
When an employer deducts tax from an employee’s salary, he issues a Form 16 certificate to the employee. In layman’s terms, it’s an acknowledgment that the deducted tax has been deposited with the Income Tax Department.
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When an employer deducts tax from an employee’s salary, he issues a Form 16 certificate to the employee. In layman’s terms, it’s an acknowledgment that the deducted tax has been deposited with the Income Tax Department.