Certificate Of Deduction In India

1. Salary (sec 192) :

   Form No.16 (Rule 31 (1)(a). The certificate should be issued by the deductor within one month of the close of the financial year in which deduction is made.

2. In all other cases :

   Form No 16A (Rule 31(1)(b)).

   1. General time limit for issuing certificates in all other cases is within one month from the end of the month during which the credit is given or sum paid.
   2. Rule 31(3), first proviso, gives further option to the payer to issue certificate within one week after the expiry of two months from the month in which income is credited. This option is available where the amount is credited to the account of the payee on the last day of the accounting period of the payer. This option is available in respect of payments except sec 192-salary, 194B-winning from lotteries, 194BB-winning from horse races, 194EE-payments from NSS deposits, 194F-payments in respect of repurchase of units, 194K-income in respect of units.
   3. Where payment in respect of TDS is permitted quarterly under rule 30(1) i.e. income from interest, insurance commission, the certificate is to be issued within 14 days of the payment of Income Tax.

Note : Where more than one certificate is required to be furnished to the payee during the financial year, then on the request of the payee, one consolidated certificate may be issued within one month from the end of such financial year vide new proviso to Rule 30 inserted vide notification dated 2.7.1996