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Companies Office Investment Promotion Authority Form 16 Notice of change of director and change in particulars of director Section 137(1), Companies Act 1997 Note If there is insufficient space on
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Start by gathering all the necessary documents and information such as your income details, investment details, and tax deduction proofs.
02
Fill out the personal details section of the form including your name, address, and PAN (Permanent Account Number).
03
Provide details of your employer, such as their name, address, and TAN (Tax Deduction and Collection Account Number).
04
Enter your salary details including the breakup of basic salary, allowances, and deductions.
05
Fill in the details of any other income you have earned during the financial year.
06
Provide information about your investments like savings account interest, fixed deposits, mutual funds, etc. Include the necessary supporting documents.
07
Mention any tax deductions you are eligible for such as investments in tax-saving schemes, insurance premiums, home loan interest, etc.
08
Calculate your total taxable income and the amount of tax payable.
09
Sign and date the form to declare the information provided is true and accurate.

Who needs form 16 - investment?

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Form 16 - investment is needed by individuals who are salaried employees and have received a salary income from their employer.
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It is also required by individuals who have made investments or have incurred expenses that are eligible for tax deductions.
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Form 16 is a certificate issued by an employer to their employees which provides details of the salary paid and the TDS deducted.
Employers are required to file form 16 for their employees.
Form 16 can be filled out by the employer with details of the employee's salary, tax deductions, and other relevant information.
The purpose of form 16 is to provide employees with details of their salary income and tax deductions made by the employer.
Form 16 must include details of the employee's salary, tax deducted, and any other allowances or deductions.
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