ITR Filing 2025: Is Form 16 Essential? Here’s What To Do If You Don’t Have It

Form 16 is a certificate issued by your employer as proof that Tax Deducted at Source (TDS) has been deducted from your salary and deposited with the Income Tax Department. New Delhi: Taxpayers, starting this month from April 1 can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Salaried employees will receive Form 16 from their employers which provides details of their salary, tax deducted at source (TDS) and other key financial information for the Financial Year (FY) 2024-25.

This document is essential for filing an accurate ITR and ensuring a smooth tax-filing process. Form 16: What It Is and Why It Matters Form 16 is a certificate issued by your employer as proof that Tax Deducted at Source (TDS) has been deducted from your salary and deposited with the Income Tax Department. It contains details of the deducted tax amount and the date of submission.



This document is crucial for filing your Income Tax Return (ITR) as it ensures accurate reporting of your income and taxes, minimizing the chances of errors. Understanding the Two Parts of Form 16 Part A: Includes important details like the employer’s and employee’s information, PAN, TAN, and TDS deductions. Part B: Provides a breakdown of your salary, taxable income, and deductions such as those under Sections 80C and 80D, helping you calculate your final taxable income.

Why Form 16 is Important Form 16 makes the process of filing your Income Tax Return (ITR) easier by providing all necessary income and tax details in one place. It also serves as proof of income which is often required when applying for bank loans. If excess TDS has been deducted from your salary, Form 16 helps you claim a tax refund smoothly.

Steps to File ITR Without Form 16 Gather Your Salary Slips: These provide details of your earnings, allowances, and deductions, helping you report your income correctly. Determine Your Taxable Income: Add up your salary, allowances (HRA, LTA, special allowance), bonuses, and perks. Then, subtract deductions like the standard deduction (Rs 50,000), HRA, and professional tax to calculate your taxable income.

Remember, these deductions apply only under the Old Tax Regime, while the New Tax Regime allows only a Rs 75,000 Standard Deduction. Review Your Bank Transactions: Check your bank statements for any additional income, such as interest or dividends, and add them to your total income. Verify Tax Details with Form 26AS: Download Form 26AS from the Income Tax Department’s website to check tax deductions and deposits linked to your PAN.

Ensure these match your income and TDS details. If you find any errors, contact your employer or bank immediately. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

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