The forms required to be furnished by the employer/employee are as follows. These forms are as prescribed by the Act read with the Income Tax Rules, 1962 (Rules).
The details below relate to the normal filing deadlines.
| Table 3 |
| Form No | Key Information | Reporting Person |
| Form 16 | Form 16 represents the certificate of tax withheld at source on salary. It is issued annually along with Form 12BA. Form 16 is generated from the income tax TRACES portal after the form is filed. See table 4 for Form 24Q. | Employer to the employee |
| It is a consolidated statement generated with the data furnished in Form 24Q. The details of the quarterly returns filed by the employer with the income |
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