- By Aditya Pratap Singh
- Fri, 26 Apr 2024 10:56 AM (IST)
- Source:JND
ITR Filling 2024: Form 16 is a vital document for filing an income tax return, employed people require Form 16 to submit ITR. Companies are responsible for issuing Form 16 to their employees on or before June 15th of the assessment year for which the Income Tax Return is being filed. ITR filling has been started from April 01, 2024.
What is Form 16?
Form 16 is a certificate issued under Section 203 of the Income Tax Act, 1961. It gives details about the salary earned by an employee and the taxes deducted from his salary by the employer (company). Form 16 verifies that the employer i.e. the company has deposited TDS. It is a certificate that contains all such information.
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Tax paid by the employee
Form 16 Income Return (ITR) filing gives information about TDS and other details about an employee's income. It is required for filing an income tax return, it helps you report your income and deductions correctly and it also helps in claiming tax refunds.
How to download form 16A online
- Visit the website of the Income Tax Department- https://www.incometaxindia.gov.in/Pages/default.aspx
- Go to Form Download.
- Click on the Income Tax Form tab.
- Select Form 16 in Frequently Used Forms.
- Select the financial year for which Form 16 is required.
- Select the PDF option under Form 16. The form will be downloaded in the next window.