All about form 16 statement in ITR Filing

Описание: Form 16 is a crucial document issued by an employer to salaried employees. It serves as a certificate of TDS (Tax Deducted at Source) and contains comprehensive details of:

Total Salary Paid
TDS Deducted & Deposited
Breakup of Allowances & Deductions (like under Section 80C, 80D, etc.)
Employer’s TAN and employee PAN
Income declared and tax liability calculated

Key Points:

It helps in accurate ITR filing, especially for individuals in the salaried category.

If you haven’t received Form 16, you can refer to your salary slips or AIS (Annual Information Statement) to fetch the necessary details.

The document is typically issued on or before June 15 following the end of the financial year.

Form 16 ensures your tax return matches your TDS records, avoiding mismatches and notices from the Income Tax Department.

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