New Delhi, June 16 -- Form 16 is a Tax Deducted at Source (TDS) certificate issued by an employer to salaried employees. It consists of two parts-Part A and Part B-both of which are important for income tax return (ITR) filing. Here's look what each part reveal about your salary and taxes.

Form 16 is a crucial Tax Deducted at Source (TDS) certificate issued by employers to salaried employees in India. It serves as official proof that tax has been deducted from your salary and deposited with the Income Tax Department.

It is a crucial document, which is needed while filing your taxes

Form 16 serves as a comprehensive statement of an employee's salary earnings and the tax deducted at source during a financial year, making it easier to ver...