What Is Form 16? Form 16 is an important income tax document given to salaried employees in India. It is issued by the employer and shows how much salary you earned and how much tax was deducted from your salary during a financial year. In simple words, Form 16 is proof that your employer has deducted tax from your salary and deposited it with the Income Tax Department on your behalf. Who Gets Form 16? You will receive Form 16 only if you are a salaried employee and your employer has deducted TDS (Tax Deducted at Source) from your salary. If your salary is below the taxable limit and no tax is deducted, the employer may not issue Form 16. When Is Form 16 Issued? Form 16 is issued once every year, usually on or before 15th June , after the financial year ends. For example, for salary earned from April 2024 to March 2025, Form 16 is issued by June 2025. Why Is Form 16 Important? Form 16 is important because it helps you: • File your Income Tax Re...