ITR filing without Form 16: The process of filing income tax return (ITR Filing) has started. The last date for filing income tax return is 31 July 2024. All taxpayers have to file their ITR before 31 July
ITR filing without Form 16: The process of filing income tax return (ITR Filing) has started. The last date for filing income tax return is 31 July 2024. All taxpayers have to file their ITR before 31 July. Many documents are also required to file income tax return. Out of all the documents, Form 16 is an important document.
Every employed person needs Form 16 to file his income tax return. According to the rules made by the Income Tax Department, every office needs Form 16 for its employee. However, if you have not been issued Form 16 and you fall in the category of employed persons, then you do not need to worry. You can file your income tax return even without Form 16. Here we are telling you the method.
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You can file ITR even without Form 16
According to experts, employed people can file their ITR even without Form 16. To file ITR without Form 16, documents like payment slip and Form 26AS are required. To file ITR without Form 16, all salary slips related to the financial year will be required. The salary slip should have details of salary, allowances, deductions and other deductions. Apart from this, income has to be calculated by combining salary slip, allowances and bonus.
This is the way to file ITR without Form 16
To file ITR without Form 16, taxpayers will have to calculate the source of income from sources other than salary such as interest, dividend and other sources. These amounts should be included in taxable income. Apart from this, it is also important to verify Form 26AS. Form 26AS gives details of all the taxes deducted on your PAN card.
Apart from this, it is also important for you to see that the calculation of TDS details mentioned in Form 26AS matches with the income details. If there is any difference in this, then you will have to contact your office or bank. Also, you will have to verify it after filing it. Without verification, the ITR file is considered incomplete.
