Form 16 Background Verification - RCSL
A Form 16 Background Verification is an essential part of any business' hiring process. It can help companies verify the accuracy of the information that a candidate provides about their previous compensation since it contains all salary transactions, including tax deductions. You can therefore determine their new salaries and incentives for when they start working for you based on the information provided on Form 16 verification. About Form 16 A TDS certificate, also known as Form 16, is issued by employers to their employees in order to certify that they have deducted TDS from their salaries, which stands for Tax Deducted at Source. Employers must issue Form 16 to their employees at the end of every Financial year. It contains both the employee's salary and tax deductions. Form 16 is also known as salary certificate. What is Form 16? Form 16 includes two parts, i.e. Part A, followed by Part B. There is part A of the document containing the employee's PAN and the empl...