The certificates of taxes that are deducted at source on all the sources of income that you have are the Form 16, Form 16A and Form 16B. However, there is a huge difference among all of them in terms of their feature and the purpose they serve. In this article, we will try to list down all the differences that these forms have.
Each individual who is working has to pay an amount of tax to the government at the end of the year. One should know the process in which the entire tax system works. Moreover, one also has to know the different forms that are available and which one exactly would be applicable for the kind of work he is doing. For example, the taxation process is not the same for business people, servicemen or others.
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It is now possible that the amount of tax one needs to pay also keep varying depending on the kind of work he or she is involved in doing. If you are an employer who has to deduct or collect TDS then you would require a TAN. And for tenants and buyers of property, PAN details are enough for the deposition of TDS to the government.