The corporation issues Form 16, which comprises information like the employee's pay and the total amount of the deduction for income tax. In other terms, the company writes a complete Form 16 document in which a corporation gives details about every employee's income and all lawful tax deductions on his\\her Cost to Company. Each fiscal year, the taxpayers must present Form 16 in filing their income taxes, and this document serves as evidence of his\\her earnings and tax payments to the govt.