ITR Filing: Form 16 is required to file ITR. We are telling you about the easy process of downloading it.
Income Tax Return Filing 2024: The process of filing ITR for the financial year 2023-24 and assessment year 2024-25 (AY 2024-25) has started, but there are many employed people who are not able to get Form 16. Unable to file tax returns.
Form 16 contains complete details of the income and expenses of a salaried class person. In such a situation, information about how much salary you received and how much tax was deducted can be easily obtained from Form 16. Apart from this, Form 16A and Form 27D are also required to file ITR.
Form 16, 16A and 27D are necessary to file ITR.
Often employer companies issue forms for their employees by the end of 16th May or 15th June. If you do not have Form 16, you can also file ITR through Form 16A and 27D. These forms can be easily downloaded online.
Complete information is recorded in Form 16-
Complete information of a salaried class person is recorded in Form 16. At the end of every year, it is necessary for the employer to issue Form 16 to his employees. It is usually released by companies by the end of May and June. In this form, information like TDS deducted by the company etc. is entered. This form also reveals the tax information of the taxpayers.
How to download this form?
1. Form 16 can be downloaded from TRACES website i.e. TDS Reconciliation Analysis and Correction Enabling System from June 15 onwards.
2. For this, click on the official website of Traces www.tdscpc.gov.in/en/home.html .
3. Next, click on the login section and select the taxpayer option in the dropdown menu.
4. Further login by entering user ID, password and PAN number. Next click on the section of tax credit or verification.
5. For further TDS, choose any one of Form 16/16A/27D.
6. Next, a page will open in which request for TAN number, financial year, quarter etc. will have to be entered from the company.
7. Next you can download any one of the forms 16/16A/27D.