The first step for salaried individuals to file their tax returns is to get Form 16 from their employer. This form is a certificate that shows your total taxable income and the taxes deducted at source (TDS) by your employer.
As per Section 203 of the Income Tax Act, 1961, it is your employer’s duty to give you the Form 16t. However, there have been cases where the employer may not provide Form 16 due to various reasons. Generally, this happens when your employer has not deducted any TDS or has shut down the business.
In such cases, you can still file your Income Tax Return (ITR) easily. Let’s see how.
File your ITR in 7 easy steps without Form 16
If you have not received Form 16 from your employer, follow these seven simple steps to legally file your ITR:
1. Collect your pay slips
If your Form 16 …
View More Navigating Tax Returns Without Form 16: A Comprehensive Guide