Form 16 is a crucial document issued by employers that details TDS (Tax Deducted at Source) on employee salaries and serves as proof of income for tax filing. It includes structured and semi-structured data like PAN, TAN, salary breakdown, deductions under various sections, and tax paid. With ByteFlow, Form 16 processing becomes faster, more reliable, and fully automated, empowering organizations to manage tax documents with confidence and compliance.
ByteFlow, using its Generative Process Automation (GPA) engine, accurately extracts this complex data without relying on predefined templates.
This helps tax consultants, HR teams, and payroll processors streamline data collection, reduce manual entry errors, and accelerate financial reporting.
Applications of this extraction process include:
- Income tax filing and validation
- Payroll and salary reconciliation
- Financial documentation for loans or visas
- HR compliance and employee record management
- Audit and tax consultancy services
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