Form 16A and other TDS certificates
Individuals must collect other TDS certificates that are applicable to him/her. If interest earned on fixed deposits in FY 2021-22 exceeds Rs 40,000/Rs 50,000 (for senior citizens), then the bank will deduct tax on it. Further, bank will be required to issue Form 16A to the individual for the tax deducted. Mutual funds and companies will issue you Form 16A for the tax deducted on the dividends paid during FY 2021-22, provided it exceeds Rs 5,000.