The financial year 2023-24 has started. In such a situation, now the time for filing income tax return has come back. Salaried class people often use Form 16 to file ITR in India, but in many cases people can file income tax return without Form 16 as well. Form 16 is such a document through which the account of the entire taxable income of the employee can be obtained. It has been seen many times that the salary of some employees does not come under taxable income. In such a situation, the company does not issue Form 16 for them. In this case, you can file ITR without Form 16 as well.

What is Form 16?

Form 16 is an important document for filing income tax. In this document, the account of the entire income of the person is kept. From this it is known that how much money the person has spent in total. How much tax has been deducted and TDS information is also available in the financial year. In this, information about your investments etc. is also recorded.

ITR can be filed through Form 26AS-

If you do not have Form 16, you can get information about your TDS and TCS through Form 26AS. In this form, information about the person’s advance tax and high value transactions is available. Apart from this, you also need to have salary slip, HRA slip, proof of investment under Section 80C and 80D of Income Tax etc. Along with this, you will also have to deposit the proof of your home loan etc. After this you can easily file income tax return without Form 16.

How to download Form 26AS-

• If your salary does not come under income tax but you want to file ITR, you can download Form 26AS from the Income Tax website.
• For this, click on the e-file portal https://www.incometax.gov.in/iec/foportal/.
• Next you will see My Account option, click on View Form 26AS link.
• After this, select the assessment year in it and click on View Time.
• After that click on the download option and this form will be downloaded.

The post ITR Without Form 16: Can Income Tax Return be filed without Form-16? Know what is the rule first appeared on Rightsofemployees.com.

In such a situation, we are telling you the easy way through which you can fill ITR without Form 16. Form 16 is an important document for filing ITR. This shows how much your gross salary is. If for any reason your company has closed the sacks. If you have left the company without following the terms of the company, then you will not get Form 16 from the company.

In such a situation, the question arises that how to fill ITR (How To File ITR) without Form 16? There is no need to put much emphasis on the mind for this. There are just a few easy steps that you just have to follow.

Keep Salary Slip

If you do not have Form 16, then first you have to collect all your salary slips. From this you will know the gross income. Before filing ITR, it should be clearly understood that in your net taxable income, only your contribution towards PF is included in it, the contribution of PF given by the company is not. To know the taxable income, you have to deduct all types of investments and deductions from your gross income.

View tax in salary slip

Now you have salary slip. In such a situation, your next step will be to see Form 26. From this TDS calculation is seen. It contains information about TDS on your salary. Now the point to be noted here is that the amount of tax which is in your salary slip and what is appearing in Form 26AS should be same.

If the figures are not the same, then once help can be taken from the old company. So that it can be known that why different tax is showing in salary and in Form 26AS.

Claim the discount as

if you have invested somewhere, then fill it in the form. You can claim tax exemption under section 80C on investments up to Rs 1.5 lakh. Claim tax exemption on health insurance under section 80D. Apart from this, any other investment or expenditure has been made, on which tax exemption can be given.

After doing all this, taxable income will come in front of you. You calculate tax on it and fill it. If you have already paid more tax then it will come back after filing ITR. The calculation of the amount of tax to be paid will automatically be reflected in the ITR form. Keep in mind that after filling ITR, do e-verification.

The post ITR without form 16: How to File ITR return without form 16, know details first appeared on Rightsofemployees.com.