Welcome toGreytip Online Training WebinarDate: 22 May, 2013Changes in theformat and methodof preparing Form16
• Recent Amendment from Income Tax Dept.• The Process• Download Part A from TRACES portal• Generate Form 16 Using Greytip Online• Q & AAgenda
Manually prepared Form 16 or Form 16A (for deduction under any other provision of Chapter XVII-B ofthe Act) shall no more be valid for the income deductions made on or after 1st April, 2012.• Form 16 now consists of two parts - Part A (tax deduction and deposit) andPart B (income).• Part A shall be mandatorily generated through TRACES portal, Income TaxDepartments web-based application for TDS administration• Part B can be generated by the employer.• Both these documents / certificates would then either be merged or issuedindividually as Form 16 to the employees.New Rules
How to Upload Part A onto Greytip OnlineThe ProcessGo to tools, IT UtlsForm 16 page ofthe Admin moduleSelect AssessmentyearUpload Part A ZIPfile or uploadindividual Part APDFs as saved inyour system
Check the upload status of the Part A filesThe ProcessUpload statusCheck if all files areuploaded successfully, oruploaded partially.Click on theError Log tocheck the error
Error logThe ProcessIn case any PAN nos. of the Part A files are not found in your employee database orrepetition of same PAN no., ‘Greytip Online Error Log’ will show you what you need torectify.You can, then, update your employee database and upload the Part A files once again.
Merging/Unmerging of the forms and Digital SignatureThe ProcessCheck the box to merge the Part A andPart B.Uncheck if you want to send the formsunmerged.Don’t forget to save your settingsUpload digital signature (PFX file)
Generating Form 16The ProcessSelect EmployeesGo to Form 16 tabGenerate, Download orEmail the forms to theemployeesRelease to publishforms in Employeeportal