Question

In the Income Tax Act, ___ is a certificate which an employer gives to his employees. It certifies the amount of tax deducted by the employer from the salary of the employee.
1. Form 16
2. Form12
3. Form 15
4. Form 26AS

Answer 1

Correct Answer - Option 1 : Form 16

The correct answer is Form 16. 

• In the Income Tax Act, From 16 is a certificate which an employer gives to his employees. It certifies the amount of tax deducted by the employer from the salary of the employee.
• What is form 16?
  • Form 16 is the salary TDS certificate.
  • If your income from salary for the financial year is more than the basic exemption limit of Rs 2,50,000 your employer is required, by the Income Tax Act, to deduct TDS on your salary and deposit it with the government.