As per the CBDT new Circular that the Form 16 is now two part, one is Part A and another is Part B. The Form 16 Part A is mandatory to download from the Income Tax TRACES Portal, and Form 16 Part B is mandatory to prepare by the employer.
In the Part A have in the all details of Tax Deduction and deposited to the Central Govt and Part B have in the all details of employee’s Salary. Given below the CBDT Circular about this new Form 16 Part A and Part B :-
S.O.410 (E).— In exercise of the powers conferred by section 295 of the Income-tax Act, 1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, The Salary Certificate Form 16 Part A is mandatory to download from the TRACES Portal and also it is mandatory to prepare the Form 16 Part B by the Employer.This Circular has already published on 19/2/2013. The Format of Form 16 have also changed.
The below given Excel Based Automatic Amended Form 16 Part B, which can easily prepare the Form 16 Part B for the Financial year 2015-16 and Assessment Year 2016-17. This Excel Based Utility can use both of Govt and Non Govt Concerned.