You can file your ITR even without Form 16, know its complete details
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The process of filing Income Tax Return (ITR Filing) has started. 31 July 2023 is the last date to file ITR. In such a situation, if you have not yet filed your ITR, then file it as soon as possible.
Let us tell you that while filing income tax return, you also need some important documents. Form 16 is very important while filing ITR for salaried individuals. Form 16 is given to the employed by their office. However, it is observed that employees whose taxable income does not exceed the basic exemption limit do not receive Form 16 from their employers. Also, there may be other cases when they will not issue it.
ITR can be filed without Form 16
However, even if you do not have Form 16, you need not worry as you can file your income tax return without it. Experts say that you can file your ITR without Form 16 as well. Form 16 gives the details of TDS and TCS between the deductor and the deductee of tax. Apart from this, it also tells about the income received in the form of salary along with various allowances and deductions. As per rules, companies, offices or employers have to issue Form 16 on or before 15th June every year.
Form 16 is in two parts
Explain that there are two parts of Form 16. Part A details the monthly deduction of various taxes by the office or company from the salary of the employees. While its Part B contains the details of the salary given by the office as well as any other income and the tax deducted on it. Let us now know how we can file ITR without Form 16.
How to file ITR without Form 16?
If you do not have Form 16, you can also file ITR through your salary slip along with Form 26AS. Form 26AS can be downloaded from TRACES website or through net banking of authorized bank. Salary slip contains details of salary as well as all tax deductions.
Apart from this, taxpayers should also ensure that additional income, deduction claimed on HRA, deduction under section 80C and 80D and other details have also been computed. Taxpayers can file their income tax return without Form 16 if the gross income, total deduction and total TDS are the same as shown in Form 26AS.
(pc rights of employees)
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