Form 16 is a certificate issued by the employer to the employee, providing a detailed summary of the salary paid and the TDS deducted during the financial year. It is often required for filing income tax returns (ITRs) and for loan, visa, or financial applications. Form 12BA, on the other hand, provides additional information about perquisites, other benefits, and their taxable value.

Our automated Form 16 & 12BA generation system pulls real-time data from payroll records, calculates the tax components, applies relevant exemptions and deductions (like HRA, LTA, investments under Section 80C, etc.), and generates legally compliant forms in seconds.

This eliminates manual intervention, reduces errors, and saves significant time for HR and finance teams. Employees also benefit by receiving timely and accurate tax statements  ready for filing their returns or meeting compliance deadlines.

Both Form 16 Part A (generated via TRACES portal) and Part B (employer-generated) are integrated within the workflow. Employers can generate these forms in bulk, review them digitally, and distribute them via employee self-service (ESS) portals or email.

The system also ensures that all perquisites and benefits  such as company car, rent-free accommodation, stock options, and reimbursements  are captured and declared in Form 12BA with appropriate taxability status.

• Consolidated tax and salary certificate for employees.

• Detailed declaration of perquisites and non-cash benefits.

• Detailed declaration of perquisites and non-cash benefits.

• Includes updated exemption limits, TDS rules, and deductions.
• Employees can download forms via self-service dashboard.
• Sync with TRACES portal for Part A import.
• Logs and records are maintained for future reference and audits.

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.