Parameters 

Form 16

Form 16A

Form 16B 

Who issues it?

It is issued by the employer.

It is issued by financial institutions, tenants, etc.

It is issued by property buyers to concerned sellers.

Who is it directed at?

It is directed towards salaried employees. 

It is directed towards non-salaried employees.

It is directed towards property sellers. 

What is the purpose of it?

Form 16 issued for TDS on salary.

Form 16A is issued on income generated through non-salary sources such as rent, returns on investment, securities, or interest on FD. 

Form 16B is issued for TDS on earnings generated through the sale of any immovable property.

What are the components of it?

This form’s components include –

• Proof of income;
• Employer’s PAN and TAN;

Employee’s PAN;

• Tax paid on behalf of employees; 
• Payment acknowledgment no.;
• Surcharges and education cess.

This form’s components include –

• Deductor’s PAN and TAN;
• Deductee’s PAN;
• Amount of Tax paid;
• The receipt number of TDS paid.  

This form’s elements include –

• Seller’s PAN;
• Assessment year;
• Acknowledgment number of Form 26QB;
• Salary breakup;
• Deductions under ITA, reliefs under Section 89. 

It is bound by which law?

Section 203 of Income Tax Act.

Section 203 of Income Tax Act. 

Section 194 of Income Tax Act.