Now, why is Form 16 required? · Proof that government has received tax deducted by your company · Helps while filing IT returns · Salary proof, eg. While applying for loans Once you receive this form, check if details match with your payslips and your tax submissions, and if you find any discrepancies, report it immediately to your HR / Finance team. Follow @thatcablog for Part 2 #charteredaccountant #thatcablog #taxtime #india