Form 16 EligibilityĪny salaried person whose tax has been deducted by the employer at the source is eligible to get Form 16. However, if your employer(s) did not deduct any tax at source from your salary, considering your income for the year is below the tax-exemption limit, they may not issue Form 16. If you have switched jobs during the year, or worked with different employers at the same time, and tax has been deducted at all places, you must obtain a separate Form 16 from each one of them. It details how much tax the employer deducted and when it was submitted to the IT department. What is Form 16?įorm 16 is a certificate (issued under section 203 of the Income Tax deducted at source (TDS) by the employer and submitted by them to the Income Tax Department (IT Department). Here's a quick look at income tax Form 16, and how it can help you file your ITR easily. Form 16 is one of the most common financial documents you would come across when filing your ITR. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).It is that time of the year when you frequently get reminders from the Income Tax Department to file your income tax returns on time. © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information.

Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

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