HOW TO DOWNLOAD TDS CERTIFICATE CODE
While filling the address details, make it a point to enter the PIN code as well. Enter the name and address of the deductor.The amount deposited with the Income Tax Department and the amount deducted as TDS: The respective amount is calculated depending on the deductee’s total income.The total due amount: This section shows the amount received as payment by the deductee.This PAN number is vital as it signifies that the tax is deposited on the deductee’s behalf. The deductee’s Identification details: This section has the PAN details of the deductee.The deductor’s identification details: This section has the PAN and the TAN numbers of the deductor.Name and address of the deductee: In this section, the details of the deductee or the person who receives the income from the deductor are included.Name of the deductor: This section has the name and address of the deductor or the entity making the payment, who deducts the TDS amount from the total income of the deductee.The Form 16A contains the following details as mentioned below: The individual has to furnish the Form 16A while filing for their income tax returns. The Form 16A is issued as per section 203 of the Income Tax Act.
HOW TO DOWNLOAD TDS CERTIFICATE PROFESSIONAL
This form is issued when TDS is deducted on non-salary payments, such as professional fees, rental payment, interest on bank fixed deposits, and so on. The Form 16A is a TDS certificate that specifies the amount deducted, the nature of the payment, and the TDS deposited or paid to the Income Tax Department. Here, the payer is the deductor while the payee is the deductee.Īfter the deductor has paid the amount to the Income Tax Department, they must ensure a TDS certificate to the deductee, detailing all the taxes deducted from the total income at source.
This is called Tax Deducted at Source or TDS. When the payer makes a payment to the payee, as per the Income Tax Department, the payer should deduct a certain amount from the total payment for the payee, and pay it to the Income Tax Department. Difference between Form 16 and Form 16A.TDS rates on different sources of income applicable under Form 16A.Payment types that are applicable for TDS as per the Form 16A.
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