Form 16 Part A provides essential information related to the employer, employee, and tax deducted at source (TDS) during a specific financial year.
Form 16 Part B provides details such as the breakup of salary components, allowances received, deductions under various sections of the Income Tax Act, exemptions, and other income sources.
To merge Form 16 Part A & Part B, the admin must perform the following actions:
- From the greytHR Admin login, navigate to Payroll > Admin > Form 16. The Form 16 page opens. Alternatively, you can also navigate to Settings icon > System Settings > Income Tax > Form 16 Options.
- Under the Current Settings card, click Settings. The settings page opens.
- In the Preferences section, under Form 16 Generation, select Merge Part A and Part B.
- Click Save to merge Form 16 Part A & Part B.
❓FAQs- To read more FAQs about Form 16, click here.
📃Documentation- To learn more about Form 16, click here.
▶Video- To watch the video on Form 16, click here.
📢Product Update- To read about the product update, click here.