Form 16/16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employee. These certificates provide details of TDS/TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Taxpayers. Here are the complete details of Form 16A- TDS Certificate of Income Other than Salary.
What is Form 16A- TDS Certificate
Form 16A is also a TDS certificate, it is applicable for TDS on income other than salary. Form 16A indicates the amount of income paid and TDS deducted on that specified income. The non-salary income includes professional fees, contract fees, interest income, etc. Form 16A issued under section 203 of the Income Tax Act, 1961.
For Example- Form 16A is issued when a bank deducts TDS on your interest income from fixed deposits, for TDS deducted on insurance commission, for TDS on rent receipts, etc.
What does Form 16A consist of?
The certificate has details of the name and address of the deductor/deductee, PAN/TAN details, challan details of TDS deposited. It also covers details of income you have earned and the TDS deducted and deposited on such income.
- Name and address of the deductor.
- Name and address of the deductee.
- A unique identification no. of the deductor which includes PAN and TAN number also.
- A unique identification no. of the deducted which includes PAN of the deductee only.
- Total amount due to the deductee.
- Amount deducted and paid to The Income Tax Department.
Form No. 16A Format PDF Download
Difference between form no. 16 and 16A
| Parameters | Form 16 | Form 16A |
|---|---|---|
| Meaning | Form no. 16 is a salary TDS certificate, which is issued to a salaried employee, whose salary is liable for TDS deduction every year. | Form no. 16A is also a TDS certificate, it is applicable for TDS on income other than salary. |
| Eligibility | For the salaried person with regular income | For self-employed or any other profession |
| Issuer | The Employer | Financial Institutions like banks, tenants, etc. |
| Frequency | It is issued for the completed year i.e. Annually | It is issued quarterly |
| Issued Against | It is issued against salaried employees | It is issued against non-salaried employees |
Frequently Asked Questions- FAQs
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What is the 16A Form?
Form 16A is also a TDS certificate, it is applicable for TDS on income other than salary. Form 16A indicates the amount of income paid and TDS deducted on that specified income. The non-salary income includes professional fees, contract fees, interest income, etc.
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Who is eligible for Form 16A?
Form 16A is issued when a bank deducts TDS on your interest income from fixed deposits, for TDS deducted on insurance commission, for TDS on rent receipts, etc.
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Are Form 16 and 16A the Same?
Form no. 16 is a salary TDS certificate, which is issued to a salaried employee, whose salary is liable for TDS deduction every year, while Form no. 16A is also a TDS certificate, it is applicable for TDS on income other than salary.
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What is TDS Full Form?
TDS Full Form is Tax Deduction at Source
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)