Last Updated on February 12, 2023 by admin
Form 16 is a certificate that employers issue to their employees to certify that they deduct TDS. Form 16 contains two parts, namely Part A and Part B. Part A contains the PAN of the employee and the employer’s TAN. This part also includes names and addresses of both parties, as well as how long the employee worked under the employer and the year of assessment. Assessment year is any financial year will be the following financial year. For example, 2017-2018 is the assessment year for 2018-2019.
What is form 16: Form 16 is a certificate that employers issue to their employees to certify that they deduct TDS. At the end of every financial year, the employer has to issue Form 16 which contains the total amount of salary and tax deducted from an employee’s earnings. Sometimes called salary certificate, form 16 is divided in two parts: Part A, followed by Part B. PAN and TAN of the employer and employee are present in part A, along with names and addresses, how long the employee worked under the employer, as well as the year of assessment.
Form 16 is a certificate that employers issue to their employees to certify that they deduct TDS, which stands for tax deducted at source. At the end of every financial year, the employer has to issue Form 16 which contains the total amount of salary, as well as the amount of tax deducted from an employee’s earnings. Form 16 is also sometimes called salary certificate.
If you’re applying for a home loan or applying for a new credit card, your identity may be at risk. That’s because approximately seven in 10 identity theft cases in India relate to loan facilities and credit applications, as per Experian. As a borrower, what can you do to protect yourself? When it comes to identity verification, or job background no one does the job better than AuthBridge. It is the only single-window solution that uses a combination of cutting-edge technologies to ascertain your identity and address any existing doubts about whether you’re a genuine customer or an imposter.
At AuthBridge, our strength lies in carrying out an extensive background check of a person’s identity. All this personal information is secured with several layers of advanced security features as well as bio-metric details. Our background verification is integrated across various segments and platforms enabling easy access to pursue all business opportunities and alliances.
At AuthBridge, we have integrated the best of background verification services such as passport verification, address & voter ID checks for a reliable identity verification service. Your personal and professional credentials are only as good as the records available with the authority concerned. The identity verification services at AuthBridge explore credentials trail and complete information of the applicant. The output of this process is a single, comprehensive report that enables businesses to make informed decisions on extending business cooperation based on credibility and trust.
AuthBridge India provides a comprehensive range of identity verification services for businesses interested in verifying identity for employment, business partnerships and rentals. Services include secured information and document verification using biometric technology and background checks reports that reveal information about the person’s identity.