Amended Form 16 : Now available on TRACES

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ComplianceIssue Form 16 to employees for FY 2018-19
Applicable ToEvery employer deducting TDS on salaries
Last Date10-July-2019 ( Extended )
FormAmended Form 16

Amended Form 16 is now available for download on TRACES website

Form 16 is to be issued by employers to employees for each financial year. The Form has two parts : Part A and Part B.

Two important changes have taken place in respect of Form 16 this financial year i.e 2018-19

  1. The format of Form 16 has been amended.
  2. Both Part A and Part B of Form 16 will have to be downloaded from TRACES. ( However, Part B will be available for download only in respect of Form 24Q filed on or after May 12, 2019 with FVU Version 6.2)

Till financial year 2017-18 , Only Part A of Form 16 was required to be downloaded from TRACES. Employers were free to use third part software to generate Part B. This resulted in non-standard formats of Part B being issued by employers.  Now each Form 16 will look identical.

In order to generate Part B  of the Form 16, the format of Form 24Q was also amended.

Considering these changes, the due date have already been extended for Form 16 and Form 24Q

FormDue DateExtended To
24QMay 31, 2019June 30, 2019
16June 15, 2019July 10, 2019

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