Income Tax Return: Step by step guide to file ITR without form 16

Income Tax Return: Form 16 is the most important document for every salaried employee in India that contains all information like the breakup of salary income. It is the certificate of deduction of tax at source (TDS) and is issued on behalf of the salaried individual.

Using Form 16  is part of filing tax returns for employees in the country. Form 16 is provided by employers, and serves as a concise summary of income and tax deductions. Occasionally organisations can take too long to provide taxpayers with their Form 16.

But the absence of this document should not deter taxpayers from fulfilling their tax obligations.

Income Tax Return without Form 16:

Start by collecting relevant income-related documents such as salary slips, bank statements, interest certificates, and rental income receipts. These documents will facilitate the accurate calculation of total income from various sources.

Ensure that all income earned during the financial year is duly considered. Identify the deductions and exemptions you are eligible for under the Indian Income Tax Act. Such deductions may encompass insurance premiums, contributions to provident funds, and repayment of home loans, among others. Examine supporting documents to ascertain applicable deductions.

Access Form 26AS, which is available on the Income Tax Department’s e-Filing website. This consolidated statement presents a comprehensive overview of tax credits and taxes paid, as per department records. Thoroughly verify the accuracy of taxes deducted by employers and other entities,  ensuring that no tax credits are inadvertently overlooked.

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Utilise the online income tax filing portal offered by the Income Tax Department to file tax returns. The user-friendly interface will guide you through the form-filling process and assist in entering accurate information. While declaring income, be meticulous and transparent, relying on the available documentation and calculated figures.

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So, in the absence of Form 16, the following documents are required:

26AS

It helps one assess the TDS deducted by the employer throughout the fiscal.

Salary slips

One should collect the salary slips.

HRA, LTA proof

To claim the HRA deduction, one should see if one has added the rent receipts while filing the ITR.

Proof of investment for deduction under 80D, 80C

Furthermore, investments that are eligible to be claimed for deductions under provisions such as 80C, 80D, 80E etc. If an individual is liable to pay more tax than the amount in the  26AS form, he/she may have to pay the additional amount before filing ITR.

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