Form 16 is essentially a certificate employer issue their employees. It validates the fact that TDS has been deducted and deposited with the authorities on behalf of the employee. Form 16 has two components Part A and Part B. Form 16 Part A needs to be downloaded from TRACES website while the Part B of Form 16 is to be generated by the employer. After generation of Part B, it has to be published in order to get downloaded by the employee.
Refer to the following steps to generate form 16 Part B:
- Navigate to: Control Panel -> Payroll -> Form 16
- Click on Generate Part B button (given in the page action bar) to generate form 16 b for the employee
- A new page will open showing fields to fill the details of person responsible for the deduction of TDS in the organization
- Select employees for whom you would want to generate Form 16 Part B
- Click on Generate button (given towards the bottom of the page)
A notification of successful generation of form 16 will be shown and entry will appear in the list of employees with generated/ uploaded form 16. You can publish the form 16 of respective employee by clicking on the publish icon (given under Actions column). The employee can download it in Main Panel -> Compensation -> Income tax computation.