How to File Your ITR Without Form 16 (Yes, It’s Possible!)
How to File Your ITR Without Form 16 (Yes, It’s Possible!)
Introduction:
Don’t have Form 16 from your employer? It happens—especially if you changed jobs, worked as a contractor, or your company delayed issuing it. The good news: You can still file your income tax return accurately. Here’s a step-by-step guide from Pallan Associates.
Step-by-Step Guide to File ITR Without Form 16
- Collect Your Salary Slips: Add up your total salary received during the year.
- Check Form 26AS and AIS: These forms show TDS deducted by all employers and interest income.
- Compute Deductions: Calculate your eligible deductions under 80C, 80D, HRA, etc.
- Calculate Net Taxable Income: Total income minus deductions.
- Pay Self-Assessment Tax (if required): If TDS is less than your tax liability.
- File Through the Income Tax Portal or CA: Enter the data accurately and file.
Documents Required:
- Salary slips from all employers
- Form 26AS and AIS
- Investment and insurance proofs
- Bank account details
Pro Tip: Save a copy of all the above for future reference in case of scrutiny.
Filing without Form 16? Kindly contact a CA or tax consultant if you need any support.