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Page 1. FM-7052E Rev. (05-16). Page 2. FM-7052S Rev. (05-16). Page 3. FM- 7052H Rev. (05-16)
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Rev 05 16 refers to Revision 05 of Form 16 which is a statement that provides details of income earned and taxes paid by an individual during a financial year.
Employees are required to file Rev 05 16 if they have received any income other than salary, or if they have changed jobs during the year and want to consolidate their income and tax details.
Rev 05 16 can be filled out by the employer or downloaded from the income tax department's website. The form requires details of income, deductions, and tax payments.
The purpose of Rev 05 16 is to provide employees with a summary of income earned, taxes deducted, and taxes paid during a financial year.
Information such as income from salary, other sources, deductions claimed under various sections, and taxes paid by the employer must be reported on Rev 05 16.
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