Salaried employees usually get Form 16 to file the income tax return from the employers. But what if you don’t get a form 16? Can you still file the Income Tax Return? Well, of course you can, you just have to collect the data of income earned during the financial year. I am going to tell you in detail how to file ITR without Form 16. So stick around!How to Fill ITR without Form 16?Employees who don’t fall in the tax bracket and who don’t get any deductions on their salary from the employer may not get Form 16. These are the information pieces you must have to file ITR without form 16.
Determine your Income information from all the sources such as salary (current and previous employer if you have worked for more than 1 employers in a financial year).
Compute the rent earned as income from any capital gain asset
Calculate the sale of any capital asset such as bank accounts, FD
Include the income from pension while determining the total income
Get form 26AS to determine TDS deducted on income so far in the financial year from TRACES website
Do HRA calculations and claim HRA if needed
Calculate income after determining all the sources of income and deducting the TDS and other charges
Claim deductions for provident fund, etc.
Once all these are in place, proceed to file the income tax return online on the income tax e filing portal by logging in using PAN number and password.
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How to file ITR without form 16
Saraswati
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September 15, 2021
2021-09-15T11:34:39+00:00 2021-09-15T14:16:11+00:00Comment
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