The CBDT completely changed the Format of Form 16 and there have in two parts One is Part A and another One is Part B. This Format of Form 16 have changed vide Notification dated on 19/2/2013. In Form 16 Part A have the all details of tax deducted and credited into the Central Govt and another Form 16 Part B where the Employee's Salary details. In this Form 16 Part B, there have not any column to where you can put the employee's Name or Pan Number. Look the below Snap Shot of Form 16 Part B:-
This Form 16 Part B must be prepared by the Employer where the found details of Salary of Employee.
If you prepare the Form 16 Part B then where you can mention the employee's Identity like as Name of Employee and Pan Card Number. It is the most hazard to identify to who's Form 16 Part B is prepared?
But the Form 16 Part A where have only the Tax Deducted and Deposited into the Central Govt The Form 16 part A is Mandatory to Download from the TRACES Portal (www.tdscpc.gov.in)
The Snap Shot of Form 16 Part A is given below, Look the Snap Shot of Form 16 Part A:-
The feature of Utility:-
- Automatic Calculate the Income Tax
- Automatic Prepare the Form 16 Part B
- Automatic Prepare the Form 16 Part A&B and Part B
- Automatic prepare 50 employees Form 16 Part B ( prepare at a time 50 employees Form 16)
- Prevent the Double entry of PAN and Name of Employee
- Automatic Convert the Amount into the In Words
- Easy to Install in any computer
- Easy to Generate in any Version 2003 OR 2007 OR 2010
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