Types of TDS certificate to be issued in different cases:

Every person deducting tax as per provisions of section 203 is required to issue a certificate to the payee in respect of tax deducted by him along with certain other particulars. This certificate is called TDS Certificate. Even banks deducting TDS on pensions issue TDS certificates.

Salaries: Certificate is to be issued in Form 16 containing details of TDS Payment, tax deducted at source and tax calculation based on which TDS was estimated. The certificate should be issued within 31st May of next financial year.

Non Salary Payments: Certificate is to be issued in Form 16A containing details of payment and tax deducted at source. The certificate should be issued within 15 days of due date of filing the return.

TCS: Certificate to be issued in Form 27D containing the Tax Collected & Paid details.

Failure to issue certificate will result in penalty of Rs. 100 for every day the failure continues but limited to the TDS amount.