What is the due date to issue Form 16 by the employer?

Form 16 is a certificate issued by the employer to the employee that contains details of the salary earned, deductions claimed, and taxes paid on behalf of the employee during the financial year. It is an important document for individuals to file their income tax returns accurately.

The due date for issuing Form 16 is prescribed under Rule 31 of the Income Tax Rules, 1962. According to this rule, employers are required to provide Form 16 to their employees by 15th June following the financial year for which it is being issued. For example, for the financial year 2022-23, the due date to issue Form 16 would be on or before 15th June 2023.

It's important to note that the due date mentioned above is the general timeline, but it can be subject to change. Employers are advised to comply with any updates or notifications issued by the income tax department regarding the due date for issuing Form 16.

If there are multiple employers during the financial year, each employer should issue a separate Form 16 for the respective period of employment.

It is always recommended to consult the latest regulations or seek professional advice to ensure compliance with the specific due dates for issuing Form 16.