Question
Download Solution PDFIn the Income Tax Act, ___ is a certificate which an employer gives to his employees. It certifies the amount of tax deducted by the employer from the salary of the employee.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Form 16.
Key Points
In the Income Tax Act, From 16 is a certificate which an employer gives to his employees. It certifies the amount of tax deducted by the employer from the salary of the employee.
Important Points
What is form 16?
- Form 16 is the salary TDS certificate.
- If your income from salary for the financial year is more than the basic exemption limit of Rs 2,50,000 your employer is required, by the Income Tax Act, to deduct TDS on your salary and deposit it with the government.
Last updated on Jun 5, 2025
-> The UP Police Sub Inspector 2025 Notification will be released by 15th June for 4543 vacancies.
-> A total of 35 Lakh applications are expected this year for the UP Police vacancies..
-> The recruitment is also ongoing for 268 vacancies of Sub Inspector (Confidential) under the 2023-24 cycle.
-> The pay Scale for the post ranges from Pay Band 9300 - 34800.
-> Graduates between 21 to 28 years of age are eligible for this post. The selection process includes a written exam, document verification & Physical Standards Test, and computer typing test & stenography test.
-> Assam Police Constable Admit Card 2025 has been released.