Form 16 is a certificate issued by employers in India to employees, detailing their tax deducted at source (TDS) and income. Digital signatures ensure the authenticity and integrity of digital documents. TRUESigner ONE is a solution that enables the use of digital signatures, streamlining processes such as issuing Form 16 by ensuring secure and efficient electronic signing and document management. Form 16 is signed using the CCA issued Class 3 digital signature certificate (DSC) of the HR or Finance head of the employer. Class 3 DSC is available in a FIPS 140-2 compliant USB token or can also be stored in a FIPS 140-2 compliant Hardware security module (HSM).
Featured
Use cases
- Employer Issuance: Employers can use TRUESigner ONE to digitally sign Form 16, securely issuing it to their employees and ensuring authenticity and compliance with regulatory requirements.
- Employee Verification: Employees can use TRUESigner ONE to verify the authenticity of their received Form 16, ensuring it has been issued by a legitimate source.
- Tax Filing: Employees can attach digitally signed Form 16 using TRUESigner ONE while filing their income tax returns, providing a secure and verified document to the tax authorities.
- Record Keeping: Both employers and employees can maintain a secure and tamper-proof digital record of Form 16 with TRUESigner ONE, facilitating easy access and retrieval for future reference or audits.