Form 16 Background Verification - RCSL

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Riddhi Corporate Services Limited
Form 16
Background Verification Services - RCSL
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www.riddhicorporate.co.in
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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.
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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.
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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 employer's
TAN. It also contains other necessary
information like the names and addresses of both
parties, as well as the length of the employee's
employment under the employer and the year of
assessment. The assessment year for any
financial year is the following financial year.
For example, the assessment year for 2018-2019
will be 2019-2020. Apart from these details, Part
A includes the summary and monthly details of TDS
deducted and deposited by the employer to the
government. On the other side, For the
financial year, part B contains the employee's
combined salary details. This form includes
information regarding a person's salary
breakdown, as well as information about any tax
deductions he or she claims under Section 80 of
the Indian Income Tax Act.  
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Why is Form 16 Verification Important?
Companies that deduct taxes from employees at
source are legally required to issue Form 16s
under the Income Tax Act. Employees rely on
this document to prepare their income tax
returns, making it one of their most important
tax documents Form 16 verification can help you
make sure that any candidate does not lie about
the details of their past settlement. In the
case of a valid Form 16 verification, you can
determine a candidate's salary if the report
shows their claims are credible. Form 16
verification is even more reliable when combined
with a credit check. Besides ensuring that the
candidate gave honest information regarding their
previous salary, checking their credit report is
also a good way to confirm their fiscal
responsibility. Details Like the name of the
individual, former employers, and amount of TDS
deducted can be provided using form 16
Verification.
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Here are the details that can be provided using
Form 16 verification
 Name of the individual Using Form 16
verification, you can verify the candidate's name
as it will appear in their associated
PAN.  Former employers Using Form 16
verification, You can also see all former
employers of a candidate  Amount of TDS
deducted A Form 16 verification lets you know
just how much amount was deducted as TDS for a
candidate.  At RCSL, we can run Form 16
verification process for you.
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Riddhi Corporate Services Limited
Thank You
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