How to File an Income Tax Return without Form 16?

How to File an Income Tax Return without Form 16

The last date to file an Income Tax Return (ITR) for the financial year 2019-20 is around the corner. To file your income tax return you need some essential documents like PAN Card, Form 16, Interest certificates from banks and post offices, salary slips, tax saving investment proofs etc. Form 16 is basically a certificate that is issued by the employer to their employees. It approves the fact that TDS has been deducted and kept with the authorities for the employee. Form 16 is issued by an employer and it contains the data you need to prepare and file your tax return

How to file an Income Tax Return without Form 16?

Here is a step by step guide to help you file your income tax return without Form 16:

Collecting Salary Slips

Gather all your month to monthly payslips and compute the total salary for the year. In case of any inconsistency, you can likewise check the amount with the amount credited through your bank statements. Remember that net taxable income incorporates your PF contribution only, not your employer’s. You have to deduct the investments and different advantages from your gross pay to find the actual taxable income.

TDS Calculation

Refer to Form 26AS which is your tax credit statement to figure how much tax is deducted. Ensure the tax deducted an incentive in Form 26AS matches the tax deduction mentioned in your payslips. ITR filing process has been made a little simpler and smooth as the new Form 26AS will have most of the information expected to file the ITR. From the current evaluation year (AY), the new Form 26AS will incorporate the Statement of Financial Transactions (SFTs) on the citizens’ monetary exchanges as determined, which would assist citizens with finishing the ITR cycle rapidly and effectively.

Tax Exemption

On the off chance that you receive allowances like transport allowance, House Rent Allowance, medical allowance etc, then you can get a tax deduction. A standard exemption of Rs 50,000 is available to all people independent of their pay. Any person who lives in a rented house can likewise avail of tax exemption under section 10. Figure all your tax exemptions cautiously to file accurate ITR.


In the event that you have made any venture under Section 80C and CCD of the Income Tax Act, you can claim deductions up to Rs 1.5 lakh. Pronounce all your earnings from rental income, low maintenance business or interests on fixed deposits as it goes under taxable income. Under Section 80D, the premium paid towards a health insurance policy can be asserted as a tax deduction. Premiums for health insurance for a self, spouse, and dependent children (family) and guardians can be claimed as a deduction. One can guarantee tax deductions on the interest paid on education (Section 80E) and Home Loan (Section 24), Donations made to charity (Section 80G).

Taxable Income

Double-check everything to ensure your tax paid matches the amount mentioned in Form 26AS. After the calculation, in the event that you find that the amount of tax paid by you is not exactly the sum mentioned in Form 26AS then you should pay the abundance add up to the relevant authority. Once you have guaranteed that the differential sum has been paid and everything matches according to Form 26AS you can then e-file your government forms securely and effectively without Form 16.

For more information, visit the website of All India ITR


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