Form16

Form16

Form 16 is a document that is typically generated and provided by an employer in India to its employees. It contains details of the employee's salary, tax deductions, and other income-related information, which is required for filing income tax returns.

The Form16 page in the SPARC allows you to view, generate(bulk/individual) and process the Form16 for the employees.

To view the  Form16 page, Login to SPARC > Functions > Click on Util > Form16.

You can perform the following steps on the Form16 page:

Overview: 

1. 1. Login to SPARC as HR.
   2. Open the  Form16 menu. 
   3. This page is the Overview of the Form16 page. Here you can see all the Form16 status details of employees 
   4. Select the correct Financial year before you go to process. So that it enables to show the employee Form16 details.

Step-1:

1. Click on settings button as shown above picture to fill additional details and the screen opens like below
   • Attach Form12BA :  Click on Check box to attach Form12BA

   • Form 12BA: Form 12BA is a statement of particulars required to be furnished by an employer to their employees. It is a supporting document provided along with Form 16 and is used to provide additional details about the perquisites and other fringe benefits provided to the employee during the financial year.

   • Responsible person name: Name of the responsible person/ Employer
   • Son/Daughter of: Father's name of the responsible person
   • Designation: Designation of the responsible person
   • Location: Where is he/she located 
   • Document Date: Date of document generated
   • TDS address: Address of TDS office who issued Form16
2. Click on Save button to save the Form16 settings.
3. In this overview screen, It shows us All, pending, Draft, DSC completed and published. 
4. Here it is showing Pending 15 means 15 employees are yet to generate New Form16 for the selected financial year.
5. Click on Generate New Form16, It looks like below Screen

Form16A : It is a certificate of the tax deducted at source (TDS) from the income earned by the employee. Form 16A is specifically related to TDS on income other than salary.

Form16B : It is a certificate that is related to the sale of property and the tax deducted at source (TDS) on the proceeds from the sale.

1. 1. Select and upload Form16 part B zip which was downloaded from income tax portal
   2. Select and upload Form16 part B zip which was downloaded from income tax portal
      
   3. Enter the password to open zip file
   4. Click on Create to Generate New Form16.