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What is forms 15-16?

Forms 15-16 are tax forms used in India for reporting tax deductions at source (TDS) on certain types of income.

Who is required to file forms 15-16?

Employers and institutions who deduct TDS on salary payments or specified payments are required to file forms 15-16.

How to fill out forms 15-16?

Forms 15-16 can be filled out by providing necessary details such as the deductor's and deductee's information, TDS rates, and the amount of income subject to TDS.

What is the purpose of forms 15-16?

The purpose of forms 15-16 is to provide a receipt to the taxpayer for the TDS that has been deducted and to enable them to claim the credit for TDS paid.

What information must be reported on forms 15-16?

Forms 15-16 must report information such as the name and address of the deductor and deductee, the PAN of both parties, the amount paid, and the TDS amount deducted.

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