Form 16A is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments & the TDS Payments deposited with the Income Tax Department. As per the Income Tax Act, TDS is liable to be deducted on all other payments if the payment expected to be made during the year is more than Rs. 30,000 unless exempted otherwise.
Although TDS on Salaries is deducted at the average rate on the estimated income (computed according to the Income Tax Slab Rates), TDS on all other payments like TDS on Interest, TDS on Rent etc. is to be deducted at the rates specified by the Govt. The TDS so deducted and deposited on all other payments except salary is shown in Form 16A
The difference between Form 16 and Form 16A is that the TDS deducted on Salary is reflected in Form 16 and TDS Deducted on Other Payments is reflected in this certificate. Moreover Form 16 is generally issued annually whereas this certificate is issued quarterly.
Components of Form 16A
This TDS Certificate is issued under Section 203 of the Income Tax Act, 1961 and contains the following particulars
- Name, PAN No. & TAN No. of the Deductor
- Name & PAN No. of the Deductee
- Nature of Payment, Amount Paid & the date of payment
- Receipt No. of the TDS Payment
The above details as mentioned in Form 16A are required to be furnished at the time of Income Tax Return Filing
An extract of the specimen copy of Form 16A is enclosed herewith
How to verify Form 16A online
The Tax Information Network (TIN) of the Income Tax Department has wef from financial year 2011-12 onwards extended the facility of online verification of the particulars of Form 16A from the following website
An Assessee can verify the particulars of this Tax Declaration Statement by furnishing the Quarter and the Financial Year, the TAN No. of the Deductor, PAN No. of the Deductee, Certificate No. and the Total Amount Deducted
The complete details of the TDS Deducted can also be viewed online by downloading Income Tax Form 26AS. In case of any discrepancy in Form 16A, the tax payer is advised to contact the deductor.