Accurate TDS certificates for employees and vendors - compliant, timely, and hassle-free.
Form 16 & Form 16A, which is an important compliance service for both employers and deductors.
Why It Matters
Employers and deductors are legally required to issue Form 16 (for salary TDS) and Form 16A (for non-salary TDS like vendor payments, rent, professional fees, etc.). These forms are crucial for:
- Employees & vendors to file their Income Tax Returns (ITR)
- Claiming TDS credits to avoid double taxation
- Compliance with Income Tax Act (failure attracts penalties)
- Enhancing trust and transparency with employees and vendors
At FinnovateAI, we ensure these certificates are prepared and issued with 100% accuracy and compliance.
Our Services
Form 16 (Salary)
- Preparation of Part A (TDS details from TRACES) & Part B (salary breakup, allowances, deductions)
- Accurate reconciliation with payroll & TDS returns (Form 24Q)
- Digital signature and timely issue to employees
Form 16A (Non-Salary Payments)
- Extraction from TRACES for TDS deducted on payments to vendors, professionals, landlords, contractors, etc.
- Reconciliation with TDS returns (Form 26Q)
- Vendor communication and soft copy issuance
Additional Support
- Correction of errors in previously filed TDS returns before form generation
- Advisory on employee/vendor disputes related to TDS mismatch
- End-to-end compliance calendar management to avoid penalties
Why Choose FinnovateAI?
- Accuracy First - Reconciled with payroll, accounting, and TDS returns
- Timely Delivery - Meet statutory deadlines to avoid penalties
- Digital & Secure - Encrypted, digitally signed Form 16 & 16A
- Integrated Service - Bundled with payroll management, TDS filing, and compliance
- Employee & Vendor Trust - Seamless issuance boosts confidence in your organization
Our Process
- Data Reconciliation - Match TDS deducted with challans & returns
Form Preparation - Download from TRACES & prepare Part B (for Form 16)
Review & Correction - Ensure accuracy before issue
Digital Issue - Provide secure e-copies to employees/vendors
Post-Issuance Support - Handle mismatches or rectifications
Who Needs It?
- Employers (companies, LLPs, firms issuing Form 16 to employees)
- Businesses & Professionals deducting TDS on non-salary payments (Form 16A)
- Startups & SMEs looking to outsource payroll & TDS compliance